The ever-evolving energy industry is now seeing its long-term strategy become clearer. There is a certainly a shift away from oil, gas and coal. The time of the fossil fuel has come and gone (although they will certainly be with us for some time to come) – this news is not new.
Like most, here at Energy Focus we are happy to see the end of 2020. While the year has been challenging, and has left many projects stuck in the pipeline, it has also been revolutionary. The UK government has committed to powering the entire country by wind power by 2030, and the US is looking to re enter the fray with the Paris Climate Agreement.
It is becoming more obvious with each passing month that the big global energy players are realising they must shift focus from fossil fuel production to renewable - even if this means investing in smaller players or starting new arms to produce in...
BP have set the target of becoming carbon neutral by 2050. Repsol have also set sights on the same goal. Equinor and Total have both committed to lofty carbon emission targets, as all of the world’s energy majors look to get in line with the Paris Climate Agreements.
Now, at the end of 2019, we are reminded yet again of the undeniable and important role that traditional fossil fuel still plays in the global energy mix. Zero carbon emissions from energy production still remains a fantasy, but progress is certainly being made.
Low oil prices and the ongoing focus on development and transition to renewable energy make for challenging conditions right now. Combine this with increasing uncertainty arising from so called trade wars between China and the USA, and an...
This month we look at energy organisations that are diversifying and investing in exciting new projects that will take the industry forward in new directions that could change the picture as we know it. ExxonMobil is investing heavily into research...
As we move into 2019, the industry finds itself at a turning point. Surging demand for renewable energy and a growing negative perception of major fossil fuels is seeing even the biggest companies reorganise, reconsider and sometimes completely...
As the pace of change in the global energy industry increases, notable projects are being announced, completed and put into operation. Each day, it seems that more renewable energy is entering our grids, more innovations are coming to the fore, and...
The industry is in a period of transition, not just in the EMEA region but all over the world. President Trump continues to bring uncertainty to the fore, demand in emerging markets remains extremely strong, renewables are carrying on their rise to...
So far, it seems like 2017 has started well for all in the energy business. Against a backdrop of volatile oil prices, global economic uncertainty, and a transitioning market place - with the dominant fuel being called into question – the big...
Uncertainty seems to be a key theme as we begin 2017. Political, economic and financial instability all over the world has made for an energy industry that has an unclear path. Renewable energy has gained traction in many countries, nuclear power...
Our lead feature this month comes from Yokogawa Middle East & Africa. This innovative and exciting Japanese company has been servicing markets in the Middle East and Africa from its regional head office in Bahrain for more than 25 years....
Firstly, we have to send our condolences to those who have been affected by the chopper crash on assignment for Statoil on April 29th. Tragedies like this are hard to stomach and affect the entire industry. We hope that all parties involved get the...
As the pace of development in the global wind energy industry continues to grow, announcements are regularly being made about the biggest, fastest, most efficient, most powerful and most expensive projects in the world. Last month, we heard from...
The obvious focus for this month’s edition is wind. The growing influence of the wind energy market is hard for even the most sceptical to ignore. In our lead feature we look at the important work being undertake n by DONG Energy in the UK and...
Following on from the uncertainty in the Chinese stock markets in January and late-2015, the global energy business began to feel the pinch. Oil prices are predicted to continue tumbling, investment is expected to slow and the constant problem of...