Insights News

 

Q+A-What is Known about the Nord Stream Gas Pipeline Explosions?

Sep 27, 2023

One year on from explosions that damaged the Nord Stream gas pipelines under the Baltic sea between Russia and Germany, the question of who was behind them is unresolved.On Sept. 26, 2022, Swedish seismologists registered several blasts, some 17 hours apart off the Danish island of Bornholm that ruptured three out of four lines of the Nord Stream system, sending plumes of methane into atmosphere. Russia's Gazprom said about 800 million cubic metres of gas…

What Lies Ahead for Idle North Sea Jack-up Rigs?

Sep 14, 2023

The North Sea jack-up rig market has been out of the limelight lately, overshadowed by increased contracting activity in the semi-submersible rig market, resulting in the departure of some of these units from the region. As the North Sea outlook remains soft…

UK Tax Sweetener Won't Stop Plummeting North Sea Oil, Gas Output

Jun 12, 2023

Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…

BP Ventures Back into Offshore Oil Frontiers to Boost Output

May 10, 2023

BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…

N. America Wind Power Sector Needs Cost Cuts & Supply Chain Revamp

Apr 21, 2023

Wind power may generate roughly 40% of North America's electricity by 2050, and solar power another 32%, if current and projected capacity development plans proceed as expected, data from risk assessment firm DNV shows.With hydropower expected to generate an additional 11…

Inside BP's Plan to Reset Renewables as Oil and Gas Boom

Mar 07, 2023

BP hasn't fallen out of love with renewables. It just wants to have more power. CEO Bernard Looney's pursuit of green energy outstripped all rivals three years ago when he outlined a radical blueprint to move away from fossil fuels. Last month he applied the brakes…

Oil and Gas Profits Fuel UK Worker Demands for Just Energy Future

Mar 06, 2023

When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and dolphins for conservationists' surveys on his voyages around the world.Based in Dundee, Scotland, many of his jobs over the years have been for the offshore fossil fuel industry…

Has Green Hydrogen Sprung a Leak?

Dec 22, 2022

The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential…

Germany's Half-a-trillion Dollar Energy Bazooka May Not be Enough

Dec 15, 2022

Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago.That's the cumulative scale of the bailouts and schemes the Berlin government…

Reuters: To Protect Pemex, Mexico's Energy Ministry Tried to Block Stricter Flaring Rules

Dec 01, 2022

Mexico's energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by Reuters, saying they would hurt state oil company Pemex and its plans to increase production…

Oil Money is Flooding into Guyana. Who Will Benefit?

Aug 25, 2022

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.This year alone, the economy should grow 48%…

Big Oil Set to Cash in On Trillion-dollar Offshore Wind Prize

Aug 11, 2022

By Akif Chaudhry, Principal Analyst, Corporate Research, Wood MackenzieNo longer in its infancy, offshore wind is a proven technology on course to play a key role in the decarbonisation of the global economy. Over the next decade, the industry will attract almost US$1 trillion in new investment…

Israel-Lebanon Sea Boundary Row Obstructs Energy Development

Jun 07, 2022

A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes.After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area…

Europe Eyes Common Subsea Wind Power Grid to Bolster Energy Security

Jun 02, 2022

Northern European countries are discussing plans to create a common power grid under the North Sea to connect future offshore wind farms as they seek to strengthen energy security, but the ambitious proposal faces financing and regulatory challenges…

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

May 18, 2022

Australia's vast liquefied natural gas (LNG) sector is betting its future on carbon capture and storage (CCS), a technology it says is vital to decarbonization and is proven.Convincing everybody else is going to be the tricky part, especially…

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