PESA has concluded a contra agreement with APPEA giving members a special discounted rate to attend the biggest oil and gas conference in Australasia at the Brisbane Convention Centre in May.
Industry
Cyber Attack strikes German fuel distributor
Key German fuel distributor, Mabanaft GmbH & Co. KG, has revealed that their IT systems were breached, resulting in disrupted payments at hundreds of filling stations across Europe.
Port of Hamburg plots a Hydrogen development pathway
The Port of Hamburg is cooperating with the world's largest hydrogen producer to expand comprehensive hydrogen value chain.
High EPC spend stimulated the offshore rig market in 2021
Westwood Global Energy Group has revealed that the global offshore rig market closed out 2021 up 200% in activity from the previous year.
Marcellus and Utica shales expected to witness steady production growth until 2025
The Marcellus and Utica shales in the USA were largely unaffected by COVID-19 and natural gas production at these sites is expected to rise at a compound annual growth rate of 5.1% by 2025.
UK Court rejects legal challenge of OGA strategy
The Oil and Gas Authority in the United Kingdom has welcomed a High Court ruling which dismissed environmentalists’ challenge of the regulators’ strategy.
Hydrogen Economy Hints at New Global Power Dynamics
IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.
Natural gas shortage drove steep increase in carbon prices in 2021
During 2021, emissions trading schemes (ETS) around the world saw record-high carbon prices, with the highest seen in the EU and UK.
However, data and analytics company GlobalData said that prices worldwide were still inadequate to reduce emissions in line with the Paris Agreement. The company highlights that only 22% of greenhouse gases are explicitly priced and less than 4% are priced at $40/ton — the minimum price considered necessary to meet Paris Agreement targets.
Miles Weinstein, Energy Transition Analyst at GlobalData, said: “Increasing carbon costs is a key strategy towards eliminating coal-fired power production.
ExxonMobil tops list of top 10 most mentioned oil and gas companies in 2021
The Oil and gas industry is recovering gradually from the impact of the COVID-19 pandemic, which disrupted the supply chain and cratered demand, according to GlobalData.
WEB and Eagle LNG Enter into Landmark LNG Supply Agreement
Eagle LNG Partners, a US company based in Houston, Texas and Jacksonville, Florida, has completed a long-term supply contract to establish a liquefied natural gas receiving and regasification terminal in Aruba with WEB Aruba, the local power and water utility.