Solar, Wind Uptake to Reach 5.4 TWac from 2024 to 2033, Says Wood Mackenzie
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than…
Red Sea Route Diversions Prop Up Tanker Demand
Large scale route diversions as a consequence of the Red Sea/Suez Canal crisis have seen deadweight demand for crude and product tankers increase by 5.5% and 4.5% respectively in 2024.In its Q2 2024 report…
X-Press Feeders to Use Green Methanol in Q2 2024
Singapore-based container shipper X-Press Feeders plans to use green methanol bunker to fuel part of its fleet in Europe in the second quarter of 2024, a senior executive said on Tuesday.The move comes as…
Corvus Energy to open new Battery Factory in the U.S.
![[L to R]: Chris Green, Washington State Department of Commerce Assistant Director for the Office of Economic Development and Competitiveness; Elliot Smith, Director of real estate and properties, Port of Bellingham; and Geir Bjørkeli, CEO of Corvus Energy. Photo courtesy Corvus Energy](https://images.worldenergynews.com/images/maritime/w200h200pad/chris-green-132295.jpg)
As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations.
“30 by '30” Target has Put U.S. Offshore Wind on the Map, Says DNV’s Galinski
Robert Galinski, Offshore Wind Director, Americas, DNV breaks down the potential for the U.S. Offshore Wind in the run up to 2030.Watch this short video interview with Robert Galinksi’s discussing the overall…
Offshore Wind Market Set to Accelerate in North America
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S.
Crowley Commits to Net-zero GHG Emissions by 2050
As the maritime industry collectively struggles to chart the course toward decarbonization, Crowley today committed to net-zero greenhouse gas emissions across all scopes by 2050, pursuing a path aligned with…
Denmark's Vestas Breaks Wind Turbine Installation Record, Woodmac Says
Danish wind farm turbine builder Vestas became the first wind turbine manufacturer to install more than 10 GW of wind capacity in a single year (2019), according to new analysis from Wood Mackenzie.The Danish…
Equinor Suspends 2020 Production Guidance
Equinor has suspended its 2020 oil and gas output guidance amid government-imposed curtailments and a glut of supply, and could take further action to scale back activity this year, the Norwegian energy firm…
More Disruption and Uncertainty in Store for Petrochemicals
The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability.It is also making planning virtually impossible…
Offshore Helicopter Merger Nears Completion as HSR Waiting Period Ends
Offshore helicopter players Era and Bristow, which recently announced plans to merge, have skipped a hurdle towards the completion of the merger.Era said Tuesday that the waiting period for the proposed merger…
Shale Pioneer Hess Says Key U.S. Fields Starting to Plateau
Shale pioneer John Hess said Tuesday that key U.S. shale fields are starting to plateau, calling shale "important but not the next Saudi Arabia."Production in the Eagle Ford Shale in South Texas is starting to plateau…
Europe Dominates LNG Import Story in 2019
Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019…
Malaysia Spot Crude Premiums Hit Multi-year High
Asia-Pacific refineries are forking out multi-year high premiums for sweet crude produced in the region as alternative supplies from the West have become more expensive with the rise in shipping costs, several…
Africa: Strong Scope for Offshore Licensing in 2020
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context.Eight licensing rounds…
FTR Continues Year-on-year Growth
Fulkrum Technical Resources (FTR), global provider of technical personnel specializing in QA/QC, inspection and vendor surveillance services to the energy industry, announced recent contract wins resulting…
Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices…
LR Bolsters Well Management Team
Lloyd’s Register announced it has made several key appointments to its wells engineering and project management consultancy following a series of major contract wins and global growth.John O’Neill brings more…
First Commercial Cargo Loaded from Tango FLNG
Argentine oil company YPF SA has loaded its first commercial liquefied natural gas (LNG) cargo for export from a new floating facility, trade sources said on Friday.Argentina's export joins a wave of new supply…
RCG Opens Vancouver Office
Sector-specialist advisory firm The Renewables Consulting Group (RCG) said it has appointed Matthew Irvine as Director and head of a new office in Vancouver, Canada., as the firm looks to strengthen its local…
