Liquefied natural gas (LNG) remains central to ensuring the security of global natural gas supplies. And LNG has played a major role in the sector’s adjustment to the exceptional drop in global gas demand during the first half of 2020. According to the International Energy Agency, who published a new report.
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Bp and Microsoft announce to work together as strategic partners to promote the digital transformation in energy systems. The companies link their joint ambitions to completely eliminate CO2 emissions by 2050.
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Like aviation and land transport, also shipping must drastically reduce CO2 emissions. If it were up to the European Parliament, the maritime transport sector would have to produce at least forty percent fewer emissions annually by 2030. There will also be a special ‘Ocean Fund’ to make ships more energy efficient and to invest in […]
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The combination of the Covid-19 crisis and an exceptionally mild winter in the northern hemisphere have put global demand for natural gas on course for its largest annual decline in history. According to the International Energy Agency.
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BP’s new CEO Bernard Looney stated at Reuters that the company will cut about fifteen percent of it’s workforce. Part of this decision has to do with the drop in demand of oil due to the Covid-19 crisis. But also the shift to renewables forces the company to take measurements.
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Social distancing is directly affecting global travel, logistics and material handling, as well as potentially creating gaps along the oil and gas supply chain that will take some time to fix, says analytics company GlobalData. The company’s report, ‘Coronavirus (COVID-19) Case Study: Impact on Oil & Gas Supply Chain’, notes that global trade and transportation […]
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