Outlook 2024: Changes and trends in the offshore energy sector
Wind among emerging technologies developing offshore
Making a snapshot of the global offshore energy sector presents a complex picture where oil and gas continues to be an important component of the energy mix, while the contribution from renewable energy sources, predominantly from wind, is becoming more established in certain locations such as the UK. The energy transition is visibly playing out on the UK’s continental shelf as the offshore oil and gas industry continues to operate while its well-established supply chain is actively engaged in supporting the installation of new renewable offshore energy capacity. Global trends Globally, oil and gas production rates are declining in mature offshore basins, while additional reserves are being

Also in this section
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets