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
Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway. The project will enable the shipping, reception, and sequestration of CO2 in geological strata in the Northern North Sea, a
Over three quarters or 77 per cent of new LNG supply are at risk under a 2-degree scenario, according to the latest report by Wood Mackenzie.
The Brazilian mining giant Vale has discharged its last cargo in China transported on a converted Very Large Crude Carrier (VLOC), the company said. The move follows Vale’s new risk management approach, made in January 2020, when the company decided to phase-out or substitute all 25 converted vessel
Australian operators are expected to sanction some $11 billion worth of gas projects in 2021, following a year of belt-tightening.
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming the world from humanity. As governments across the globe shut down th
Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light.
Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or constr
The U.S. oilfield services sector has lost 91,680 jobs due to the effects of the Covid-19 pandemic, according to a monthly report compiled and published by trade group Petroleum Equipment & Services Association (PESA).
Global demand for offshore helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows.
German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance. For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation (EBITDA) of €2.6 to 2.7 billion, from the previously announced €2.4 to 2.6 billio
