Mærsk Mc-Kinney Møller Center and Rystad Energy sign knowledge partnership deal

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and Rystad Energy signed a knowledge partnership agreement to formalise their collaboration.

As official partners, the Center and Rystad Energy have embarked on a long-term commitment to collaborate strategically on decarbonising the maritime industry.

As an independent energy research and business intelligence company that tracks and analyses global energy flows with millions of data points, Rystad Energy will be able to support the...

https://container-news.com/maersk-mc-kinney-moller-center-and-rystad-energy-sign-knowledge-partnership-deal/

COLUMN | Falling knives and walking away: drilling contractors, Chinese yards, Korean cast-offs, Northern Drilling, SinoOcean and the Tiger rigs – Part One [Offshore Accounts]

Sometimes it is not only easier to walk away, but actually better The deepwater drilling industry is in crisis, as you know. In 2020, four major owners of deepwater rigs ..

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-falling-knives-and-walking-away-drilling-contractors-chinese-yards-korean-cast-offs-northern-drilling-sinoocean-and-the-tiger-rigs-part-one-offshore-accounts/

Global Oil & Gas Decommissioning Costs To Total $42 Billion Through 2024

oil rig

Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profitable investment alternatives, operators are now likely to increase spending in decommissioning work. Rystad Energy estimates the total value of the global pool of decommissioning projects that will accumulate through 2024 could reach $42 billion.

With an average asset age of 25 years, the Northwest European decommissioning market could...

https://www.marineinsight.com/shipping-news/global-oil-gas-decommissioning-costs-to-total-42-billion-through-2024/

Why The Oil Market Would Be Bullish Over $20.27 ?

  • U.S. West Texas Intermediate crude oil futures are up for a third straight session.
  • As major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic.
  • The data showed U.S. crude inventories grew less than expected.
  • The imbalance between oil supply and demand is set to be halved to 13.6 million barrels per day (bpd) in May.
  • It is to further drop to 6.1 million bpd in June, according to Rystad Energy.

A recently published article in oilprice.com reveals...

https://mfame.guru/why-the-oil-market-would-be-bullish-over-20-27/