Monday, March 30, 2026
Wind power could be dominant offshore energy focus within 5 years- oil and gas 360

Wind power could be dominant offshore energy focus within 5 years

Houston Chronicle The United States will likely spend more money developing offshore wind capacity than offshore oil and gas within the next five years, according to a new study. Installed offshore wind capacity off the coast of the United States could reach 20 gigawatts by 2030, generating annual investments of $15 billion in another five years, according to Rystad Energy, the

Oil slides 2% as surplus forecast overshadows Libya disruption- oil and gas 360

Oil slides 2% as surplus forecast overshadows Libya disruption

Reuters NEW YORK (Reuters) – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries outweighed concern over disruptions to Libya’s crude output. Brent crude LCOc1 was down $1.39, or 2.2%, at $63.20 a barrel by 11:09 a.m. ET (1609 GMT). West Texas Intermediate CLc1 fell $1.46, or

Schlumberger grows global headcount despite U.S. layoffs- oil and gas 360

Schlumberger grows global headcount despite U.S. layoffs

Houston Chronicle Oilfield service giant Schlumberger grew its global headcount in 2019 despite finishing the year with a $10.1 billion loss and laying off 1,400 workers in the United States. In a Wednesday morning filing with the U.S. Securities and Exchange Commission, Schlumberger reported that the company had 105,000 employees at the end of 2019. The figure marks a 5

EIA World net electricity by fuel, IEO 2019 Reference case - oilandgas360

EIA projects less than a quarter of the world’s electricity generated from coal by 2050

EIA By 2050, coal-fired generation comprises only 5% of the region’s generation mix. According to the U.S. Energy Information Administration’s (EIA) International Energy Outlook 2019 (IEO2019), global electric power generation from renewable sources will increase more than 20% throughout the projection period (2018–2050), providing almost half of the world’s electricity generation in 2050. In that same period, global coal-fired generation will decrease