by on June 23, 2021
The O&G Industry- so much pressure, but little know-how. Wesley Johnson, Energy Knect. The Oil & Gas industry is under increasing pressures to reduce its carbon footprint, not next month, not tomorrow, but now. ...
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by on June 18, 2021
CMS Legal Asia-Pacific, European Union, Global, Middle East, South Africa, United Kingdom June 17 2021 After an extraordinary year of health and economic challenges, the global oil and gas sector has an essential role to play in the economic recovery. The same could however be said of any economic recovery and expansion over the past 100 years – during this time oil and gas companies have provided most of the primary energy that has fuelled huge economic growth. But this time does look dif...
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by on June 18, 2021
June 17, 2021 Global efforts to reduce carbon emissions are accelerating and most industries are searching for new ways to reduce their carbon footprint in the years and decades to come. Shipping is also under scrutiny and the International Maritime Organization (IMO) has set a carbon intensity reduction target, proposing strict technical requirements that are scheduled to be approved this year and take effect from 2023. One of the effects of these new requirements is likely to involve slow-s...
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by on June 14, 2021
Slowing down as electric vehicles accelerate, oil demand set to peak at 101.6 million bpd in 2026 April 21, 2021 The adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil sooner and faster than in our previous forecast. As a result of this transition, Rystad Energy is downgrading its peak oil demand forecast to 101.6 million barrels per day (bpd), a pinnacle that will come in 2026, earlier than thought, plateauing before fal...
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by on June 4, 2021
Chris Starling- Managing Director- Holt Energy Advisors With $14 billion of commitments before 2024, according to Rystad, decommissioning costs have long been a risk to and blocker in transactions, especially portfolio and corporate deals. The sector has moved a long way since early-stage bilateral decommissioning agreements as sellers sought to navigate Section 29 of the Energy Act 2008 and other commercial risks in pursuit of the “clean break”. As the ownership of assets has evolved, so ...
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