Energy Transition News

 

Majority of Oil & Gas Industry Leaders Optimistic on Sector Growth, DNV Survey Finds

Jun 25, 2024

Despite unprecedented energy challenges, 68% of oil and gas industry leaders have expressed optimism for sector growth in the coming year, according to the most recent survey by DNV.The latest DNV survey, The Paradox of Petroleum - How the oil and gas sector is transforming through uncertainty, gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector…

Norway's Wealth Fund Asks Shell for More Climate Policy Details

May 17, 2024

Norway's $1.6 trillion sovereign wealth fund urged Shell on Friday to give investors more information about its revised climate targets, but said it would not back a call by a group of 27 shareholders for the oil company to strengthen those targets…

Shell Scales Back 2030 Carbon Emissions Target

Mar 14, 2024

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…

The Power of Offshore Molecule Production

Oct 20, 2023

Energy ecosystems are evolving as the value of offshore power-to-X production is being realized.Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen…

Global Energy Transition Hasn't Truly Started Yet as Fossil Fuels Persist - DNV

Oct 11, 2023

Between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels, according to DNV’s Energy Transition Outlook.'Renewables are still just meeting increased demand rather than replacing fossil fuels…

US Department of Energy Releases Offshore Wind Strategy

Mar 29, 2023

The U.S. Department of Energy (DOE) has released its Offshore Wind Energy Strategy, a first of its kind, comprehensive summary of the Department’s efforts to meet President Biden’s goal to deploy 30GW of offshore wind energy by 2030.The strategy…

Blue Hydrogen: A Key Player in the Future of Energy Transition

Feb 12, 2023

The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as a key player in the energy transition…

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…

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…

Current News

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Bluestream Lands Subsea Remedi

Damen Hooks Another CSOV Order from Taiwanese Firm

Damen Hooks Another CSOV Order

TGS Gets Ultra High-Res 3D Survey Job

TGS Gets Ultra High-Res 3D Sur

French Company Secures Work On $4B Cedar FLNG Scheme

French Company Secures Work On

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