How NEO Energy’s growth surge is turning it into one of top five North Sea players

UK-based and North Sea-focused E&P company NEO Energy has been around for only a couple of years now after starting out in early 2019. While its pro forma production is expected to be around 80,000 barrels a day during 2021, … Read More

Ammonia as marine fuel: the next big frontier

As the maritime industry embarks upon the fourth propulsion revolution, ammonia has been identified as one of the key alternatives to fossil fuels in the shipping’s pathway toward becoming carbon neutral. Ammonia-fuelled ammonia gas carrier; Image Courtesy: NYK There has … Read More

One of the world’s largest containerships blocks Suez Canal

A 20,000 TEU containership has run aground in the Suez Canal blocking passage for ships in both directions. The vessel in question has been identified as Ever Given, chartered by Taiwanese shipping company Evergreen Marine Corporation. The Panama-flagged vessel suffered … Read More

New tech in O&M driving down offshore wind opex/MW

Global average opex per megawatt in the offshore wind sector has fallen significantly over the last eight years and is expected to further decline until 2029, driven by an increasing utilisation of new technologies and innovative solutions in operations and … Read More

Chevron sticks to lower budget plans, sets new carbon reduction goals

U.S. oil major Chevron has reaffirmed its lower budget plans, doubled its savings estimate from the takeover of Noble Energy, and set new goals for reducing carbon emissions with expectations to invest about $3 billion in the coming years to … Read More

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

Interview with Silverstream CEO: Increasing ship efficiency a matter of business survival

Ship owners will have to make their vessels more efficient regardless of the pathway they choose to meet the upcoming regulatory requirements on greenhouse gas (GHG) emissions in 2030 and ultimately 2050. Making vessels more efficient will be vital in … 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

Dutch government releases floating solar energy roadmap

The Dutch Minister of Economic Affairs and Climate Policy, Bas van ‘t Wout, has published a roadmap for floating solar energy, outlining the opportunities and risks associated with this growing industry in the Netherlands. Bas van ‘t Wout, Minister of … Read More