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Transition

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Transition

Qatar Petroleum CEO warns of dangers of stopping oil & gas investments

Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.

about 5 years ago

Transition

Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up

Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.

about 5 years ago

Illustration/Co-located offshore wind and wave farm (Courtesy of CorPower Ocean)

Transition

Mission Innovation 2.0 to spearhead $250 billion clean energy innovation decade

At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo

about 5 years ago

Transition

In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency

A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental

about 5 years ago

Transition

Carbon pricing: Have we reached the tipping point?

The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to

about 5 years ago

Transition

In focus: Industries take new emissions-free steps as IEA maps net-zero path

Several new energy transition developments in the offshore energy and maritime sectors have made headlines this week, contributing to the global 2050 net-zero targets and – at least to some extent – to the ambitious path that International Energy Agency (IEA) mapped in its latest report. Climate ple

about 5 years ago

Transition

Wood Mackenzie: Energy transition brings uncertainty to $14 trillion in oil and gas assets

The energy transition represents $14 trillion worth of uncertainty for upstream oil and gas, according to a new report by energy intelligence group Wood Mackenzie.

about 5 years ago

Transition

IEA: Shipping to miss zero emissions target in 2050

Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically

about 5 years ago

Transition

No place for further oil and gas investments in IEA net-zero roadmap

The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.

about 5 years ago

Transition

IEA calls for 70+ GW of offshore wind to be added each year until 2050

Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar

about 5 years ago

Transition

ITF: Emissions set to rise as transport activity doubles

Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp

about 5 years ago

Transition

In focus: Carbon capture and storage as key element in achieving decarbonisation

In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.

about 5 years ago

Transition

In focus: Recent developments in the energy transition race

With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.

about 5 years ago

Ocean Harvesting Technologies’ wave energy technology

Transition

In focus: In pursuit of carbon-neutrality – the holy grail of energy transition

In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ

about 5 years ago