ExxonMobil curbs spending plans, reveals path to lower-carbon future

Oil major ExxonMobil has revealed its capital spending in 2021 will be in the range of $16 billion to $19 billion as well as its plans to focus on developing technologies to reduce emissions, especially carbon capture and storage technology, … Read More

After a rocky start to the year, BW Offshore moves to seize energy transition opportunities

After a rocky start to the year, marked by a fatal accident on an FPSO off the Ivory Coast, BW Offshore is targeting a newbuild FPSO investment this year, in addition to buying into the floating offshore wind market in … Read More

Marine seismic industry exploring energy transition arena

As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine … Read More

Total parts ways with American Petroleum Institute over differences in climate positions

French energy giant Total has decided to withdraw from the American Petroleum Institute (API) following a detailed analysis of API’s climate positions. Each year, Total assesses the main industry associations of which it is a member to ensure they are … Read More

New strategy requires UK oil and gas sector to support net-zero target

A revised Strategy from the UK’s petroleum regulator Oil & Gas Authority (OGA), featuring a range of new net-zero obligations for the UK oil and gas industry, was submitted for laying before the UK Parliament on Wednesday, 16 December 2020. … Read More

Life after COVID-19: Will the world as we know it change for good?

With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming … Read More

Denmark to end oil and gas era in 2050

The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of the North Sea and end existing production by 2050. As a major oil-producing … Read More

OGA launches study to create potential energy hub

The Oil and Gas Authority (OGA) has hired Progressive Energy to conduct an in-depth feasibility study which would identify the value of establishing an energy hub on the Norfolk coast. OGA said that a preliminary assessment of Bacton was already … Read More

Deep dive into oil and gas exploration – then, now, and ahead

With the oil and gas industry in early stages of pivoting to a lower carbon future, the level of investment drastically shrinking first during the 2014 downturn and then again, even quicker, during the 2020 downturn, what will become of … Read More

Fifty shades of collaboration in time of energy transition

There is little doubt that the past few years have witnessed the rise of energy-related collaborations to an extent never seen before. This is because cross-industry collaborations seem to be crucial for companies to ride the energy transition train which … Read More