Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
Nihon Shipyard Co. Ltd, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuilding Co., Ltd., was established on January 1, 2021. The capital and business alliance comes on the back of all the necessary regulatory approvals and review processes. The Tokyo-headquartered sh
The Energy Regulatory Commission (ERC) of the Philippines has denied the petition filed by the National Renewable Energy Board (NREB) for Feed-in-Tariff (FIT) for electricity generated from ocean energy resources.
Following a year of Coronavirus pandemic effects, demand for liquefied natural gas (LNG) is expected to recover rapidly in 2021.
Italian shipbuilding major Fincantieri has received a one-month extension for its planned acquisition of the French counterpart Chantiers de l’Atlantique, Reuters reported citing a statement from the French Ministry of Finance. According to the report, Fincantieri accepted the offer. The proposal is
German shipbuilder Meyer Werft is preparing for the post-COVID-19 future as it is working on a range of new eco-friendly technological solutions for cruise ships.
Cruise ships without passengers are coming to the Port of Los Angeles in rising numbers as cruise liners turn hopes to the long-awaited resumption of cruising in the U.S. waters. The cruise ships are coming to the port to refuel and restock supplies as a prerequisite to meet federal regulations in o
The black swan year of 2020 has brought many challenges for the shipping industry, including the ongoing crew change crisis, but it has also shown how the sector can be resilient in the face of adversity and pressure. Gavin Allwright, Secretary-General of the International Windship Association (IWSA
The Covid-19 pandemic has devastated crude and condensate demand, creating massive supply surpluses and filling up inventories, according to Rystad.
LPG shipping heavyweight Epic Gas, and Lauritzen Kosan A/S, the gas carrier division of J. Lauritzen, have entered into a deal to combine their fleet and business activities to create BW Epic Kosan. The combination will create a genuine powerhouse in the last mile delivery of LPG and other specialit
The Port of Rotterdam, Europe’s leading trading hub, has become part of a feasibility study named HySupply to explore what role could the port play in the possible creation of a new trade corridor for hydrogen. The project is led by Germany, which is investing heavily in hydrogen, and it is focusing
Monaco-based ship owner and operator Scorpio Bulkers will sell its remaining dry bulk vessels, exit the dry bulk sector and change name during 2021 as part of its transition to a sustainable future.
A revised Strategy from the UK OGA, featuring a range of new net-zero obligations for the UK oil & gas industry, was submitted before the UK Parliament.
Cabling specialist Nexans has joined the Climate Group’s RE100 initiative. RE100 is a global initiative bringing together the companies leading the transition to 100 per cent renewable electricity. In line with the Paris agreements, Nexans recently unveiled its roadmap towards carbon neutrality. As
