FOTOTHERM

Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis. However, suppliers could diversify some oil and gas capabilities and replace up to 40% of 2019’s revenue by servicing the renewable markets. Rystad Energy analyzed the activity of the top 50 oil and gas suppliers, which together earned $220 billion in upstream revenue in 2019, $100 billion of which originated from well services and commodities. Many services provided by well-focused suppliers will be challenging to deploy in the context of energy transition operations, especially fracking services, OCTG and drilling services and tools. However, the top contractors providing engineering, procurement, construction and installation (EPCI) services – which earned around $55 billion in 2019 from the oil and gas industry – will find it easier to apply their competencies towards the green shift. “Around $90 billion, ...

[...] Business is becoming  a powerful new ally  in the U.S. political battle to stop climate change. Driven by  pressure from environmental groups  and by  the increasingly competitive prices of wind and solar , many companies have  pledged  to power their operations with clean energy. But  the legal and technical complexity of U.S. electricity markets  has stalled corporate progress on their clean power goals. This has prompted companies as diverse as eBay, Mars, IKEA and Walmart to push for public policies that expand the generation of renewable energy in the U.S. and make it more accessible through  mandates ,  incentives  and other  regulations . The hybrid thermo-photovoltaic leading Company The big shots Increased business lobbying for clean energy policies  by the likes of Nestle, Salesforce, Unilever and other large companies has the potential to tip the political scale in favor of a carbon-free ec...

[...]  Technology can help farmers not only sustain, but thrive. Solar is an essential part of this new dynamic. [...] Today (allowing for the impact the coronavirus pandemic has temporarily placed on the process) the global exchange of agricultural goods is done with an ease and speed that would’ve been unimaginable in bygone eras. But this too has often placed a new pressure on farmers. Unquestionably, some have benefited—and benefited massively from such a change—as farms that produce world-class “clean and green” goods now have a truly international market to export to. But for those who sell more routine goods, or find the international market has saturated their domestic audience with the same products they sell, the path to maintaining a steady profit year in and year out has become much harder. It’s anticipated the years ahead will see the world become more unstable as a result of numerous factors, not the least of which the growing threat of climate change....