With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost, demand could fall. The post Potential imbalance in oil demand and supply on the cards appeared first on Offshore Energy.
U.S.-based solar developer Noria Energy has begun construction of a tracker for a 50 […] The post First US floating solar tracker under construction in Colorado appeared first on Offshore Energy.
The Port of Hamburg’s Waltershofer Hafen has been given the rubber stamp of approval […] The post Methanol and LNG bunkering approved at Hamburg’s Waltershofer Hafen appeared first on Offshore Energy.
Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025. The post Furetank making strides in transition to fossil fuel-free shipping appeared first on Offshore Energy.
Within the global gas story, many chapters are being written, including a U.S. wave of upcoming liquefied natural gas (LNG) developments, where the export boom continues to fuel new projects, as the European regasification build-out continues. The post Four EU countries and Egypt make up top five US LNG importers appeared first on Offshore Energy.
Norwegian energy data and intelligence company TGS has secured an award of what it […] The post TGS to survey 10,000 km2 offshore Indonesia appeared first on Offshore Energy.
Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has revealed a $127 billion boost to Queensland’s economy, thanks to the Australian state’s decade of liquefied natural gas (LNG) deliveries. The post Australian state’s decade of LNG exports pours $127 billion into economy appeared first on Offshore Energy.
Karoon Energy, Australia’s oil and gas company, has revealed its investment plans for a floating production, storage, and offloading (FPSO) revitalization campaign and a life extension project at a field off the coast of Brazil. The post Karoon unveils multimillion-dollar investment into FPSO revitalization campaign appeared first on Offshore Energy.
The UK’s Financial Conduct Authority (FCA) is to investigate Drax over its biomass sourcing, listing rules and disclosure guidance. In a short statement, the FCA said the period under investigation runs from January 2022 to March 2024, and noted that Drax would cooperate. Drax sources most of its wood from the US (66.7%) and Canada (23.4%) and uses third-party certification and accreditation bodies. For biomass used at Drax Power Station, it says: “we adhere to the UK government criteria for sustainable biomass, the Forest Europe Sustainable Forest Management criteria, and we comply with the UK Timber Regulation.” … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a… Read More »UK financial watchdog to investigate Drax biomass sourcing | United Kingdom
Australia’s Progressive Green Solutions (PGS) has selected Thyssenkrupp Nucera as its preferred supplier of electrolysers for the production of green hydrogen at the company’s Mid-West Green Iron project. This project – which is subject to final investment decision – would produce 7 million tonnes of green iron pellets a year and convert half to make 2.5 million tonnes of green hot briquetted iron (HBI) in Western Australia’s Mid-West region, near the city of Geraldton. HBI is a compressed form of direct reduced iron , which will be exported as a value-added product from Western Australia. The plant is to be powered by renewable energy, consuming green hydrogen while using local magnetite iron ore. This will help to reduce CO2 emissions by up to 90 %, compared with traditional steel production. … to continue reading this article… Read More »Australia green iron project makes electrolysers pick | Technology Gas News