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Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion this year from $602 billion in 2021.

Secretary of the Interior Deb Haaland announced on Wednesday, January 12, 2022, that the Bureau of Ocean Energy Management (BOEM) will hold a wind auction next month for more than 480,000 acres offshore New York and New Jersey, in the area known as the New York Bight.

System integrators Bakker Sliedrecht and RH Marine are going to develop a new electrical system that will enable vessels to sail on methanol and other zero-emission fuels. The aim is that in the future vessels will not only be able to sail more sustainably, but also more efficiently, safely and reliably.

Strohm and Evonik have been awarded the full certification from DNV, attesting that the unidirectional Carbon Fibre PA12 tape “VESTAPE® PA12-CF” (PA12) used for Strohm’s Thermoplastic Composite Pipe (TCP) is fit to use for dynamic sweet and sour hydrocarbons, water, and gas injection applications according to DNV-ST-F119.

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