Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture and storage (CCS) projects, and the potential of offshore wind compared to oil and gas in the North Sea. The post WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task appeared first on Offshore Energy.

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the motors, rig owners are exploring ways to harness low-carbon and green alternatives. In this fast-changing landscape, which fuel will dominate the rig market and power offshore drilling rigs in the years ahead? The post Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era appeared first on Offshore Energy.

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial […] The post North Sea decommissioning grapples with delays despite government incentives  appeared first on Offshore Energy.

Malux, a Sweden-based specialist in solutions for niche industries, has acquired Norwegian subsea solutions […] The post Swedish company expands with acquisition of Transmark Subsea Bergen appeared first on Offshore Energy.

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved […] The post US research program awards $1.9M to marine energy projects   appeared first on Offshore Energy.

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables. The post Harnessing cutting-edge technologies to shape next-generation FPSO future appeared first on Offshore Energy.

U.S. wireless EV charging provider InductEV has joined the Zero Emissions Port Alliance (ZEPA), an industry-wide strategic coalition aiming to accelerate port decarbonization by making battery-electric container handling equipment (BE-CHE) affordable and accessible. The post Wireless EV charging provider InductEV joins Zero Emissions Port Alliance appeared first on Offshore Energy.

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top contenders with a long market life span to benefit from a spike in global energy demand. The post Rig market and oil & gas mergers and JV blockbuster moves mark 2024 appeared first on Offshore Energy.

Chart Industries has been selected to supply some of the required pieces to complete a proposed liquefied natural gas (LNG) terminal puzzle in Louisiana, United States. The post After Baker Hughes another US firm lands job on Louisiana LNG appeared first on Offshore Energy.