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As the world gets increasingly committed to limiting global warming to well below 2C degrees, the success of various initiatives to decarbonize natural gas will be key to ensure that this fastest growing and the cleanest hydrocarbon fuel remains prevailing in the future energy mix, participants of a recently-held Workshop on Environmental Advantages of Natural Gas heard.

On December 11, the U.S. Senate passed Congressman John Garamendi’s (D-CA) amendment ensuring full enforcement of the Jones Act and other federal laws in offshore wind development in the final National Defense Authorization Act (NDAA) for fiscal year 2021.

Concordia Maritime AB (publ) has appointed Martin Nerfeldt as new CFO and member of Group management. Martin Nerfeldt replaces the current CFO Ola Helgesson, who has decided to leave his position to take on new challenges. 

On December 12, production commenced from the Snorre Expansion Project in the North Sea. This major Increased Oil Recovery project will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040.

The Bureau of Ocean Energy Management (BOEM) with support from the Bureau of Safety and Environmental Enforcement (BSEE) published new research on Dec. 3, that indicates certain economic policy changes may help increase oil and natural gas production in the Gulf of Mexico (GOM), using deepwater infrastructure already in place.

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