While the development of recent offshore gas discoveries at Gorgon, Uchuva, and Orca has been identified as crucial, several uncertainties and hurdles need to be addressed, according to energy industry intelligence group Wood Mackenzie.

An Australian union alliance has called off strikes at Chevron's two major liquefied natural gas (LNG) projects in the country, marking a resolution to disputes that posed a threat to around 7% of global LNG supplies.

A new analysis by Climate Action Tracker reveals that, although the UK is getting close, no country is making sufficient progress towards transitioning from fossil fuels to renewable energy sources.

As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to ensure uninterrupted operations for the client during a transition period of up to two months.

Barry Norris, founder and CIO of UK hedge fund Argonaut Capital Partners, has criticized hydrogen investments, stating that they are currently a "complete waste of time" for investors seeking returns in the near future.

This influential gathering attracts delegates from around the world, making it a hub for networking, collaboration, and showcasing cutting-edge technologies and solutions.

As the energy industry converges on Aberdeen for the eagerly anticipated Offshore Europe event the appointed supply chain champion for the industry emphasizes that companies are primed to exploit the global opportunities this event offers.

Recent surveys conducted among the UK workforce have identified critical challenges including skill shortages, policy constraints, and concerns about sustainability as significant barriers to achieving the nation's net-zero goals.

The collision occurred in the southbound convoy when the LNG carrier ran aground due to a technical failure, resulting in a sudden stop. This caused the tanker Burri, which was following behind, to run into the LNG carrier.

According to figures provided by GlobalData, a data and analytics group, there was a significant quarter-on-quarter surge of 60% in disclosed contract values, amounting to nearly £41 billion, up from £25.5 billion in the previous quarter.