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.
The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by abandoning the use of fossil fuels is rising, promising to change shipping as we know it. On the other hand, a global pandemic is reshaping the g
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.
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.
Block 58 offshore Suriname has again come under the spotlight since state-owned oil company Staatsolie is considering farming into the block where Apache last week hit its third discovery.
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.
Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions in line with the IMO’s decarbonization strategy for shipping. Numerous solutions are being commercialized with others undergoing final stages of testing to prove their efficiency. These types of solu
Ocean Energy Systems (OES) new report shows that islands and other off-grid markets may present opportunities for ocean energy developers to deploy their technologies while providing sustainable energy to local communities. The report ‘Ocean Energy in Islands and Remote Coastal Areas´outlines the ou
Seven months into the implementation of the IMO 2020 sulphur cap, which shaped a monumental shift for the shipping industry to less-polluting fuels, the issues with regard to the quality of bunkers persis, despite being sidetracked by the COVID-19 pandemic. Speaking in a recent webinar hosted by Cap
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
After a successful start of the Interreg 2 Seas project, the ENCORE consortium is now planning the kick-off of its regional impact campaign at the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27th October 2020. At the OEEC, ENCORE will reach out to the offshore supply chain sector
The oil and gas industry has historically been a hard place for female workers. Now, with the oil and gas industry transitioning towards green energy, women workers could be the fresh workforce injection companies desperately need.
Canada has joined other countries in the Global Ocean Alliance, Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced last week.
Eco Wave Power has won the Energy Globe Award for its combined wave and solar project in the Port of Jaffa, Israel. The Energy Globe Award was founded in 1999 by the Austrian energy pioneer Wolfgang Neumann and is one of today’s most prestigious environmental awards. Goal of the Award is to present
