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Ban on Russian Commodity Exports to Accelerate LNG Growth, Energy Transition - Wood Mackenzie report

Jun 16, 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict…

A Petoro Perspective of Today’s Upstream Challenges

Jun 16, 2022

With a third of Norway’s oil and gas on its books, state-owned Petoro has a unique perspective, from the macro right down to drainage strategies.Today, Petoro VP Licence and technology Kjell Morisbak Lund sees that the industry has many difficult challenges…

Wasted Gas: As Global Supplies Tighten, Here’s 210 bcm of Natural Gas for the Taking – IEA Report

Jun 15, 2022

A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets…

Marine Design: New Offshore Support Vessel Range from Chartwell

Jun 15, 2022

U.K.-based Chartwell Marine is introducing its expanded range of offshore energy support vessel (OESV) designs ahead of Seawork 2022 this month.The new design range, spanning classes A to D outlined below, offers a foundation for the integration…

IEA Says World Oil Demand to Rise 2% in '23

Jun 15, 2022

World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook…

OPEC Sees Global Oil Demand Growth Slowing in 2023

Jun 14, 2022

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy.Fuel use has rebounded from the 2020 pandemic-induced slump…

Hydrogen at Risk of Being Missed Opportunity, According to DNV Report

Jun 14, 2022

Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too slow. Governments need to make urgent, significant policy interventions, according to a new report by DNV.In Hydrogen Forecast to 2050, DNV predicts the amount of hydrogen in the energy mix will be only 0…

Robotics: Collaboration Pushes Boundaries of Offshore Cleaning and Inspection

Jun 14, 2022

Woodside collaborated with industry to create a state-of-the-art offshore caisson cleaning and inspection tool (CCAIT system), designed to enable safe and cost-effective remote inspection of offshore platforms.The unique system was designed…

Driven by Energy Transition, Proserv Realigns Key Management

Jun 14, 2022

Proserv move sees new roles for current Group CEO David Currie, Proserv Controls CEO Davis Larssen and arrival of former RenewableUK CEO Hugh McNeal.Proserv has announced a high-level senior management and corporate realignment as the business…

Kongsberg Digital to Handle Floatel Internationals Digital Services

Jun 14, 2022

Floatel International will become a part of Kongsberg Digital's digital infrastructure Vessel Insight.Floatel is currently operating in the North Sea region, Australia, Gulf of Mexico and Brazil and have a fleet consisting of five semi-submersible accommodation and construction support vessels…

Electrification is Key to Decarbonizing the North Sea

Jun 13, 2022

The UK government has set ambitious climate change targets within the oil and gas industry, with The North Sea Transition deal aiming to reduce emissions by 50% before 2030. In the most recent emissions report published by the North Sea Transition Authority (NSTA)…

Demand Grows for OSVs in the Offshore Floating Production and Storage Energy Sector

Jun 13, 2022

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…

CTO in Focus: Henrik Stiesdal, Wind Power Pioneer

Jun 13, 2022

Wind power pioneer Henrik Stiesdal built his first wind turbine in 1978. It was one of Denmark’s first step towards becoming a wind energy powerhouse, with Stiesdal regularly at the helm. He’s now got wider climate initiatives in his sights…

QatarEnergy Picks TotalEnergies as First Partner in 'Largest LNG Project in History'

Jun 13, 2022

Qatari national oil and gas company QatarEnergy has selected France's TotalEnergies as its first international partner in the North Field East (NFE) expansion project, dubbed 'the single largest project in the history of the LNG industry.'The…

After Jade Dud, Empyrean Pins Hopes on Topaz Offshore Prospect in China

Jun 10, 2022

Oil and gas company Empyrean Energy, which recently suffered a disappointment when its closely watched 'world-class' Jade offshore well in China came up dry, said Friday it had decided to give it another go and drill the Topaz well, located in the same Block 29/11…

Current News

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

Portugal's EDP to Scale Up Offshore Solar Plants in Southeast Asia

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

India Imposes A Windfall Tax On Oil Producers and Export Duties For Oil Products

Russia to Replace Sakhalin-2 Project Operator with New Firm

Russia to Replace Sakhalin-2 Project Operator with New Firm

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

State Agency Wants Net-zero Carbon Emissions from Australia's Giant LNG Plant

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Gazprom Cancels Dividend for First Time Since 1998. Shares Drop

Offshore Helicopters: Bristow in Long-term Maintenance Support Deals for AW139 Fleet

Offshore Helicopters: Bristow in Long-term Maintenance Support Deals for AW139 Fleet

China Moves to Buy More Russian Oil, but Will it Help or Hinder?

China Moves to Buy More Russian Oil, but Will it Help or Hinder?
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