The global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use, a new report commissioned by the International Chamber of Shipping (ICS) has shown.
Giant offshore drilling contractor Transocean has recently held a naming ceremony at a shipyard in Singapore for its delayed newbuild drillship, Deepwater Atlas, the world’s first 8th generation drillship.
The widespread disruption on several North Sea platforms that started on Wednesday after crew members staged unplanned walkouts seems to continue on several platforms occupied by Bilfinger UK personnel.
In a bid to reach net-zero greenhouse gas emissions by 2050, UK’s regulator North Sea Transition Authority (NSTA) has awarded two carbon storage (CS) licences in the Southern North Sea to energy giants BP and Equinor. These licences, which could store up to 23 million tonnes pa (Mtpa) of CO2 by 2038, bring the total number of CS licences on the UK Continental Shelf (UKCS) to six.
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expected amount of gas produced by Russia in 2022, according to research by Rystad Energy.
Australia’s Western Gas has informed that a Valaris-owned semi-submersible rig is set to be towed to the Sasanof-1 well location offshore Australia in the coming days with drilling operations expected to begin in less than two weeks.
An alliance between Repsol Sinopec, TechnipFMC, and Petrofac has started the pre-front end engineering and design studies (Pre-FEED) for the development of the Ithaca Energy and Hibiscus owned Marigold field in the North Sea via the Repsol Sinopec-operated Piper Bravo platform.