The present downturn in the OSV market has cost the industry an astonishing € 41bln. Surprisingly little has been done to restore the imbalance in demand and supply of vessels. With assets build to last for 25 years the problem will be solved in a slow and natural order but obviously at great cost to all involved in the supply chain. Remko de Boer, the author of this article, believes that a solution is available that restores asset values and brings the industry back to sustainable levels.
The rapid global spread of COVID-19 has quickly eclipsed other recent epidemics and market crises in both size and scope. In addition to the deadly human toll and the disruption to millions of people’s lives, the economic damage is already significant and far-reaching.
Today marks World Oceans Day and a clear reminder of the role of our oceans in everyday life. Oceans serve as the world’s largest source of protein; they absorb 30% of CO2 produced by humans; and, provide huge forms of marine and coastal biodiversity. The impact of human activity on the ocean is immense. To that end, the theme of the UN World Oceans Day 2020 is ‘Innovation for a Sustainable Ocean’ with a full week of activities exploring this theme.
The German government is using its economic stimulus package to bring important and strengthening measures forward, such as the promotion of domestic production of ‘green’ hydrogen.
The corona virus is turning into an unprecedented international crisis, with serious repercussions for people’s health and economic activity. Although they may be severe, the effects are likely to be temporary.
The federal government of Germany should take a firm decision to ramp up ‘green’ hydrogen and to accelerate the expansion of wind energy and other renewables. Too large a share of imports and too few renewables make the future energy system more expensive.
John Watson stepped down as CEO of Chevron last year at the age of 61. Now, settling into retirement in California, he was recently awarded the American Petroleum Institute’s highest honor, the Gold Medal for Distinguished Achievement, for “exceptional leadership and service to the natural gas and oil industry, their community, and the nation.”
Oil, gas, offshore wind and marine energy, all will play their part in the future of energy. Perhaps a bag of mixed ingredients, but combined in the right way, it will serve the future a more renewable outlook. Offshore Energy 2019 in Amsterdam gives the energy transition a home and this will be felt in the conference program.
Earlier this year, the Annual Dutch Upstream Knowledge Exchange Seminar took place in the Louwman Museum in The Hague for the fourth time in succession. The initiator of the event is DNV GL’s Dutch arm of their oil and gas operations based in Groningen.
Contracted by the Spanish construction group Cobra, Bourbon completed the installation of the first floating wind turbine at the Kincardine site, 15 kilometers off the coast of Aberdeen. Vryhof are their mooring solutions partner.
Archaeologists working for Vattenfall have recovered unique evidence in the North Sea which is hoped will tell a more detailed story of ‘Doggerland’, the submerged landscape which was flooded more than 8,000 years ago.
The Bloomberg New Energy Finance 2018 report peers into the future in an attempt to predict what changes will take place in world energy markets between now and 2050.
Denmark has long been a leading country when it comes to the development of wind power.
Ben van Beurden, Chief Executive Officer (CEO), Royal Dutch Shell plc gaf maandagavond 19 maart 2018 de eerste Economie-lezing van Elsevier Weekblad in debatcentrum De Rode Hoed in Amsterdam.
Offshore wind could become the backbone of the UK’s energy mix in little more than a decade, with pioneering technology at its heart.
Dutch operators appreciate unique ‘Upstream Knowledge Exchange’ seminar
In 2015 and 2016 we saw record low levels of offshore volumes sanctioned, which effectively is hurting oilfield service companies’ backlog.
Navigant Research has published new figures which show a total of 3.3 gigawatts (GW) of new offshore wind energy capacity was installed in 2017, bringing the cumulative capacity up to almost 17 GW, with another 7.9 GW in the pipeline.
Offshore wind could move from niche status to being a leading source of renewable energy worldwide.
Bestuur Young IRO richt focus op morgen.