Julian Manning, CEO of Paradigm Group has shared his insights on how we can improve on energy loss during its actual production and what role fossil fuels will play for energy transition. Manning highlighted that energy waste is potentially the biggest source of energy during the current transition.
Francisco Boshell, Renewable Energy Markets and Standards Analyst, IRENA, shared his views on the role of oceans as a sustainable resource supporting the global energy transition. Offshore renewables are the key to reach our climate and sustainable goals, according to Boshell, who highlighted offsho
An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
The oil and gas sector is joining the energy transition, with net-zero pledges from the big oil and gas names already widely familiar. While its move towards the fully green and clean side of things is being done slowly and safely, the industry has encountered a push or two from the circumstances ar
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
A slow recovery from the Covid-19 pandemic or a deeper slump could delay a complete rebound in the world’s energy demand to 2025, the International Energy Agency said on Tuesday.
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
Humankind achieved its first interstellar flight in 2063 with a spacecraft powered by a warp drive, based on a matter-antimatter system fuelled by deuterium, a hydrogen isotope, and its antimatter equivalent. This is according to Star Trek, a series famous for featuring several things we might take
After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, this year and 2021 had at least as much capacity lined up for final approval – instead, there’s a famine, Wood Mackenzie said.
On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they wor
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.
The International Transport Workers’ Federation (ITF) has warned of a growing number of crew members abandoned on ships in the Arab world without pay, food, or water.
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
ARO Drilling, a Saudi-focused offshore drilling joint venture between oil and gas giant Saudi Aramco and Valaris, has named a new chief executive officer (CEO) of the company.
