Westwood takes a deep dive into Norway’s emissions forecast and the impact future electrification projects are expected to have.
Westwood Insight – Will onshore pipeline demand take off with rocketing oil prices and new energies?
Onshore pipeline installations have dropped dramatically in recent years, with the industry badly impacted by public opposition, political decisions and depressed oil and gas (O&G) prices.
March saw Chevron Singapore Pte Ltd launching a carbon offset programme for its Singaporean Caltex brand. It’s a neat idea. Customers feeling queasy about their vehicle emissions can use their petrol pump loyalty points to offset their greenhouse gas footprints through investments in carbon reduction schemes approved by the Verified Carbon Standard (VCS), an independent verification programme. Offset schemes such as this hold considerable promise for companies that cannot immediately switch to zero-carbon operations.
We kickstart Series Four of the Energy Transition Now podcast, just as RenewableUK begins first day of the Global Offshore Wind 2022 conference and exhibition in Manchester, UK. To keep on topic, this week we're delighted to be discussing the opportunities and challenges of floating offshore wind with Alex Gauntt, Supply Chain Director of Cierco Energy.
Exploration activity over the last decade has been impacted by two major oil price crashes and a global pandemic, which have resulted in large fluctuations in drilling costs, exploration performance and discovered volumes. Despite the maturity of the Norwegian Continental Shelf (NCS), Norway continues to be a global hotspot for exploration.
Higher oil prices in the first half of 2022 and its impact on oil market fundamentals is already showing a material uptick in offshore exploration and production (E&P) investment and rig count. This will drive considerable demand for Offshore Support Vessels (OSVs) over the next two years, encouraging owners to reactivate their idle fleets.