Corvus Energy, the leading supplier of battery energy storage systems (BESS) for marine applications, is pleased to announce that the company is expanding its US operations by opening a new factory in the state of Washington.
Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, according to Rystad Energy research. Spurred on by high oil prices and appealing well economics, total production is set to grow by around 990,000 boepd, almost half of which – 433,000 boepd – is new oil production.
AJOT | May 19, 2022 | Maritime | Technology | Energy | Alternative
With the aim of becoming emission-free by 2040, Scandlines is setting itself higher targets than the Paris Agreement. The next step is the installation of a Norsepower Rotor Sail on the Scandlines hybrid ferry, M/V Berlin
AJOT | May 18, 2022 | Maritime | Technology | Energy | Alternative
The European Parliament’s ENVI Committee today adopted its report on the proposal on the revision of the EU ETS. The World Shipping Council (WSC) welcomes this crucial step towards the achievement of the goals of the EU Green Deal but stresses that improvements to the ETS proposal are still needed.
Employment in the US oil and gas industry is set to rebound in the coming years and surpass pre-Covid levels, with almost 1.1 million projected workers by the end of 2027, according to Rystad Energy research.
Bloomberg | May 18, 2022 | Maritime | Bulk | Energy
Russian oil producers are starting to book up an increasing number of tankers owned by the nation’s state tanker company, boosting demand for a fleet that fell from international favor after the invasion of Ukraine.