Industry

Global gas demand to record largest decline in history: IEA

30971592901 b69de48cb7 cGlobal gas demand is expected to fall by four, or 150 billion cubic meters (bcm) – twice the size of the drop following the 2008 global financial crisis, according to the International Energy Agency report

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MENA LNG companies likely to delay upcoming projects due to economic slowdown, says GlobalData

14118062217 62768bf178 cThe cascading impact of global LNG supply overhang coupled with reduced demand may lead companies to withhold or delay their capital spends on upcoming multi-billion-dollar gas projects, said data and analytics company GlobalData

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Total to contribute to shipping industry’s decarbonisation

chris pagan sfjS FglvU4 unsplashOil and gas company Total has joined the Getting to Zero Coalition to support the maritime industry’s decarbonisation by collaborating with companies across the maritime, energy, infrastructure and finance sectors

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Governments should use COVID-19 recovery efforts to phase out support for fossil fuels

building 2058 640As governments design stimulus measures for economies hit by the COVID-19 crisis, they should take the opportunity of historically low oil prices to redirect some of the half a trillion dollars spent annually supporting fossil fuels into sustainable investment including low-carbon energy, according to the OECD and the International Energy Agency (IEA)

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Aker Energy Ghana commits to finding solution for Pecan field development

oil industry 4663283 640Norwegian oil company Aker Energy has reaffirmed its commitment to finding a solution that will enable a phased development of the offshore Pecan field in Ghana to commence

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