renewable energy

SPE Technical Director Hamad Al-Marri shares his outlook of the oil and gas production facilities landscape as it stands on the cusp of a significant transformation. The demand for oil and gas will continue to exist, but the industry will need to adapt to a new reality.

Buoy-based camera footage, analyzed by artificial intelligence, can help reduce the risk of birds colliding with offshore wind farm turbines.

The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.

Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.

Chevron’s announcement comes on the heels of ExxonMobil’s announcement in December of a similar project to deliver natural gas-fueled electricity to US data centers.

Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.

DNV’s Energy Transition Outlook 2024 projects continued growth in solar; slower growth in wind; and declines in coal, oil, and gas, while hydrogen and carbon capture projects are struggling.

This update highlights efforts to electrify oil and gas assets and deliver clean energy to remote, underserved communities. But the big question remains: Can we really achieve net zero emissions by 2050?

The DOE-sponsored program brings together more than 100 entities from the geothermal and oil and gas sectors to build the future of cross-industry collaboration.

By the end of 2025, a floating wind turbine will supply power to the operator’s Culzean platform in the Central North Sea.