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Modelling a second Covid-19 wave: Oil demand in 2020 could lose another 2.5 million bpd


As the number of confirmed new Covid-19 cases surges to new global highs of beyond 200,000 per day, a second wave of the pandemic is increasingly apparent in several countries – most notably in the United States. Modelling the effect

A Roadmap for Ship Decarbonisation


In April 2018, The IMO’s greenhouse gas (GHG) reduction targets were adopted by the Marine Environment Protection Committee (MEPC).

Initial targets aim to reduce CO2 emissions across international shipping by at least 40% by 2030, followed by 70% in 2050 (compared

Coalition For The Energy Of The Future: Companies Have Formed An International Coalition


Nine concrete projects for developing energy solutions to accelerate the energy transition in transport and logistics.

At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organizations from around the world, 11 international groups have announced they have joined forces

Global oil demand and CO2 emissions may have peaked last year


Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.

The Norway-based consultancy, which advises both petroleum and renewable energy companies on

Be prepared to document carbon emissions during PSC inspections


In February 2020, a Member's vessel was detained in a European port due to a breach of Regulation (EU) 2015/757 on the monitoring, reporting and verification of carbon dioxide (CO2) emissions from maritime transport (EU MRV). According to the attending

How will refiners cope with lost oil demand?


We are projecting a significant surplus of refining capacity over the next five years – only the strongest will survive and thrive. And this was even before the emergence of the coronavirus and its near-term downward impact on oil demand.


China dominates Asia’s refinery CDU capacity additions by 2024, says GlobalData


China is expected to dominate Asia's refinery crude distillation unit (CDU) capacity additions, contributing about 80% of the regions' total CDU capacity additions between 2020 and 2024, says GlobalData, a leading data and analytics company.

The company's report, Continue reading

COVID-19 dampens long-term energy demand and highlights scale of climate emergency


The economic and behavioural ramifications of COVID-19 will significantly reduce global long-term energy demand, according to new research by DNV GL's Energy Transition Outlook. COVID-19 has also hastened the decline in carbon dioxide emissions – with 2019 set to be

World’s first full scale ammonia engine test – an important step towards carbon free shipping


The technology group Wärtsilä, in close customer cooperation with Knutsen OAS Shipping AS and Repsol, as well as with the Sustainable Energy Catapult Centre, will commence the world's first long term, full-scale, testing of ammonia as a fuel in a

Gasum opened a new shipping fuel station at Ports of Stockholm


Gasum's new bunkering station for liquefied gas was taken into use in mid-June. The station is located at Port of Nynäshamn, Sweden on the premises of Ports of Stockholm. The new station includes new bunkering solutions enabling ships to bunker

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