Energy

Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter.

DNV and partners have recently launched a new JIP - EMRED. The JIP aims to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sector.

Horisont Energi, a Norwegian clean energy company, and Neptune Energy, an independent global E&P company, have signed a Memorandum of Understanding (MoU) with the international energy major E.ON with the aim to develop a European CCS value chain.

The Business Network for Offshore Wind has launched its new Foundation 2 Blade: Floating industry training program, which focuses on the specialized needs of the new floating offshore wind sector. The U.S. floating market has come to life over this past year with newly leased areas in California’s deep waters as well as the federal goals of deploying 15 GW of floating offshore wind capacity by 2035 and driving down the costs of the technology by 70 percent.

Ships of the future could once again be powered by wind if a pioneering project which retrofits large vessels with ultramodern wing-sails proves successful in cutting carbon emissions.

DNV, an independent energy expert and assurance provider, has published new research about the industry’s perception of the growing market for floating offshore wind and its possibilities for mass commercialization. The research, which surveyed 244 developers, investors, manufacturers, advisors and operators across the globe, found that 60% of respondents think floating offshore wind will reach full commercialization by 2035, with 25% believing it will be as early as 2030.

The Department of the Interior proposing the first-ever offshore wind lease sale in the Gulf of Mexico. The announcement is part of the Administration’s latest actions to expand offshore wind opportunities to more regions of the country, building on investments in the President’s Inflation Reduction Act and Bipartisan Infrastructure Law to spur offshore wind deployment and create good-paying jobs for American workers.

Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the receipt of an order to provide services for an LNG project in the Gulf of Mexico.

2022 was a turbulent year for the oil and gas industry that was dominated by the invasion of Russia on Ukraine. This had an immediate effect on the global economy and markets, with commodity prices soaring to record highs and energy security becoming the focus for most countries across Europe.

TotalEnergies and Corio Generation, two of the world’s leading offshore wind and renewable energy developers, have signed a joint venture partnership to develop the  Formosa 3 offshore windfarms in Taiwan. Under this agreement, Corio will remain the majority shareholder and lead developer with 50% plus 10 shares overall in project.

DNV, a global independent energy expert and assurance provider, is launching the second phase of H2Pipe, a joint industry project (JIP) aiming to develop a new code for the design, re-qualification, construction and operation of offshore pipelines to transport hydrogen – either pure or blended with natural gas.

It would be difficult to exaggerate the value that carbon capture, utilization, and storage (CCUS) technology offers Africa’s oil and gas industry.