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Digital twin BP
Vision

BP rides the wave of digitalization with reduction in operating costs and revenue boost on the horizon

BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.

about 6 years ago
Nexans cable laying vessel
Vision

Nexans eyes carbon neutrality by 2030

Cabling specialist Nexans plans to become carbon neutral by 2030. The company announced this at its inaugural Climate Day event in Paris on September 22, 2020. Nexans plans to achieve carbon neutrality through a specifically defined roadmap: 4.2% average annual reduction of company greenhouse gas em

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about 6 years ago
Norwegian Government building; Source: Regjeringen.no
Vision

Norway to launch $2.7 billion Longship carbon capture and storage project

The Norwegian government has submitted a proposal to Norwegian Parliament to launch “the greatest climate project in Norwegian industry ever” –carbon capture and storage (CCS) project named Longship.

about 6 years ago
subsea compression system
Vision

From idea to reality: five years since the first subsea compression system

Five years after the kick off, the subsea compression system covering an area the size of a football field, at Equinor-operated Åsgard development in the Norwegian Sea, still runs like clockwork. The entire Åsgard field is one of the largest developments on the Norwegian continental shelf, embracing

about 6 years ago
NOC research ship James Cook
Vision

NOC leads ocean research community to zero-carbon future

A new project, led by the National Oceanography Centre (NOC), will investigate a switch towards low or zero-carbon oceanographic research. The aim of the £250k NZOC (Net Zero Oceanographic Capability) project is to bring together the marine science community and key stakeholders to consider how NERC

about 6 years ago
Mayflower launching
Vision

GALLERY: Mayflower autonomous ship hits the water

Mayflower Autonomous Ship (MAS), an AI and solar-powered marine research vessel, which will traverse oceans gathering environmental data, has been lifted into the waters off the coast of Plymouth, England. The vessel is set to be officially launched later today after two years of design, constructio

about 6 years ago
Decarbonization: Why are partnerships and coalitions so important?
Vision

Decarbonization: Why are partnerships and coalitions so important?

The maritime industry’s mission to clamp down on emissions hasn’t been derailed by the COVID-19 pandemic as many feared could be the case. Obviously, the pandemic has had a major impact on the short-term activities as numerous meetings at the International Maritime Organization (IMO) had to be postp

about 6 years ago
Green Hydrogen Could Bring UK GBP 320 Billion by 2050
Vision

Green hydrogen could bring UK £ 320 billion by 2050 – Report

Development of an indigenous green hydrogen industry could generate £ 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the

about 6 years ago
Mayflower
Vision

Mayflower Autonomous Ship set to be launched next week

The Mayflower Autonomous Ship (MAS), one of the world’s full autonomous ships, will be officially launched on September 16th in Plymouth, UK. The project is led by marine research organization Promare, with IBM as technology partner. Finnish technology company Wärtsilä has joined also joined the glo

about 6 years ago
Recep Tayyip Erdoğan during the presentation of the discovery with the Fatih drillship image in the background; Source: Presidential website Turkey Wood Mackenzie
Vision

Woodmac: Turkey’s Tuna-1 discovery could be transformational

A gas discovery of the scale of Turkey’s Tuna-1 find in the Black Sea, if developed, would be transformational for the country, given its overwhelming reliance on imports and crippling energy import bill, according to Wood Mackenzie.

about 6 years ago
Illustration; Source: Equinor
Vision

Norway: Tax relief to increase investments in oil and gas

A survey made by the Norwegian statistics bureau SSB revealed that oil and gas investment in Norway will rise more this year and decline less in 2021 than predicted a few months ago.

about 6 years ago
Illustration; Source: Petrofac net-zero
Vision

Petrofac sets net-zero and diversity targets

Oilfield services provider Petrofac has made a commitment to reach net-zero in Scope 1 and 2 emissions by 2030. The company has also set diversity targets.

about 6 years ago
Illustration; Source: BP
Vision

BP to cut fossil fuels output by 40 per cent by 2030

Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.

about 6 years ago
Illustration; Source: SP Mac oil and gas Norway
Vision

Oil & gas sanctioning in the gutter, industry waiting for business to pick up

Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.

about 6 years ago