In this latest in our series on ESG investing, Mike Scott assesses the global energy outlook ahead for 2022. Although oil and gas prices are healthy, energy firms will need to stay focused on net zero and emissions targets, and keep an eye on growth areas like hydrogen and other renewable energy sources.
Singapore, home to the world’s largest bunkering port, is aiming to pioneer the world’s first ship-to-ship ammonia bunkering base to help decarbonise global shipping.
The oil and gas industry has been battered by a perfect hurricane of the three Cs: coronavirus, climate concern and a collapse in crude prices. But a fourth big C, a perennial threat to the health of the sector, lurks in the background and could cause even greater damage than usual in today’s fraught operating environment.
Project Development International (PDi) Ltd has announced that it has doubled its decommissioning and subsea awards from £2million in 2017 to £4million in 2018.
Better market conditions have increased Moller-Maersk’s confidence of finding “structural solutions” for its drilling and supply service businesses before the end of 2018.
Maersk has announced the creation of a dedicated decommissioning company in order to take a major share of work to shut down North Sea assets in coming years.
AP Moller-Maersk is about to exit the Danish offshore oil industry that it created half a century ago. But for the next few decades, it will be stuck with a liability stemming from that business that’s as big as $1.2 billion.
Baker Hughes, a General Electric Company (BGHE) has announced a series of contracts and partnerships with firms including Shell and Maersk at its annual meeting in Italy.
As part of the Aberdeen Renewable Energy Group (AREG), Maersk Training launched the simulator and performed demonstrations of the safety training required prior to working on a wind turbine generator.