Category: Long read
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Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour? Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt…
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$111 billion investment on Petrobras’ five-year agenda
$111 billion investment on Petrobras’ five-year agenda Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision. The post $111 billion investment on Petrobras’ five-year agenda appeared first on Offshore Energy. Melisa Čavčić Go to offshore…
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SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan
SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast…
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Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025
Normec Verifavia MD sheds light on regulatory compliance challenges as shipping readies for pivotal shift in 2025 From 2025, the shipping industry will usher in a new era of more stringent regulations with environmental pieces woven into it. Adhering to these regulations is expected to drive a shift towards achieving net zero emissions by 2050.…
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Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects
Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put…
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UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033
UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033 Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years. The post UK’s offshore oil & gas decom bill to hit £24.6 billion…
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COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas
COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for…
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Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?
Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts? Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider…
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INEOS, Royal Wagenborg sign landmark CO2 carrier agreement to step up CCS game in the EU
INEOS, Royal Wagenborg sign landmark CO2 carrier agreement to step up CCS game in the EU Dutch shipowner and operator Royal Wagenborg and INEOS Energy, a London-based E&P business, have signed an agreement on the delivery of a new CO2 carrier. The post INEOS, Royal Wagenborg sign landmark CO2 carrier agreement to step up CCS game in…
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UNCTAD: Climate and trade shifts threaten maritime stability in Latin America and the Caribbean
UNCTAD: Climate and trade shifts threaten maritime stability in Latin America and the Caribbean The maritime sector in Latin America and the Caribbean is facing unprecedented challenges as […] The post UNCTAD: Climate and trade shifts threaten maritime stability in Latin America and the Caribbean appeared first on Offshore Energy. Sara Kosmajac Go to offshore…