Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says

Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy, a Norwegian energy intelligence firm. Even when the Covid-19 downturn is finally past us, … Read More

Offshore drilling set for two consecutive years of growth, Rystad says

After a challenging 2020, oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity. Rystad Energy expects around 54,000 wells to be drilled worldwide in 2021, a 12 per … Read More

DSME shuts down production amid COVID-19 outbreak

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has stopped production at its facilities in Okpo, Geoje amid an outbreak of Covid-19 infections among workers. Close to 70 workers have tested positive for coronavirus at the yard, according to … Read More

Despite COVID, North and Latin America Install Record-Setting Wind Capacity

Last year set records for wind power growth in both North and Latin America, with nearly 22 GW of capacity installed despite COVID-19 impacts, demonstrating the incredible resilience of the wind industry and solidifying its crucial role in the region, … Read More

BP unveils hybrid model of working with option to work from home

Oil major BP is introducing a new hybrid model of working for staff who had previously been based in the office full-time, balancing working in the office with working remotely from home – typically in a 60:40 split. A spokesperson … Read More

China at Forefront of Record-Breaking Year for Offshore Wind

In 2020, the global offshore wind industry had its second-best year ever, installing over 6 GW of new capacity – keeping growth on track despite the impacts of COVID-19 felt in other energy sectors, according to the latest data released … Read More

ALLETE Clean Energy to Repower, Expand Minnesota Wind Projects

ALLETE Clean Energy, a wholly owned subsidiary of ALLETE Inc., says it will repower and expand the Northern Wind site – consisting of the Chanarambie and Viking wind projects in southwest Minnesota – by replacing the existing turbines with new, … Read More

U.S. Wind Industry Shatters Records, Touts Strongest Year Ever

The U.S. wind industry has had its strongest year ever as the amount of new wind power capacity added increased by 85% over 2019 – the industry added 16,913 MW of wind power capacity to the grid in 2020, according … Read More

Enel Green Power Touts Record-Breaking Renewable Capacity

Enel Green Power (EGP), a global company that specializes in the development and operation of renewables, has set a new record in 2020 by building 3,106 MW of new, global renewable capacity – 77 MW more (+2.5%) compared to the … Read More

Chevron books $665 million loss as revenues sink

U.S. oil major Chevron managed to cut its losses in the fourth quarter of 2020 compared to the same period in 2019 despite a significant decrease in revenues affected by the Covid-19 pandemic. Chevron Corporation on Friday reported a loss … Read More