Subsea 7 slipped into the red in the third quarter 2020 on decline in activity in the sector and costs generated by the Covid-19 pandemic. The engineering and construction specialist recognised quarterly net loss of $43 million, against profit of $42 million in Q3 2019. This brings losses since the
Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, the United Nations Conference on Trade and Development (UNCTAD) said in a new report.
After several days of counting and anticipation, the United States of America have a brand-new President-elect – the Democratic Party candidate Joe Biden. With the White House now waiting for him, it is important to look at what a Biden win could mean to the oil and gas industry and the U.S. energy
The UK’s Environmental Audit Committee (EAC) will consider the role of tidal energy in the UK’s low-carbon energy mix. This is part of the latest phase of the Technological Innovations and Climate Change inquiry. The technology is at the early stages of development and has not rolled out despite 80
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
Stevedores’ revenues and profit margins increased overall in the last financial year despite the global pandemic causing the largest contraction in container volumes in a decade, a new report issued by the Australian Competition & Consumer Commission (ACCC) said.
In the next five years, the offshore wind supply chain could create 4,500 new jobs in the North East England, with the turnover of the UK region’s supply chain companies to more than double in their offshore wind activities over the same period. This is according to the Supply Chain Mapping 2020 res
Petrobras has decided to create a climate change executive management, reinforcing the growing importance of the activities related to the low-carbon transition.
The Singapore Registry of Ships (SRS) crossed the 96 million gross tonnage milestone in 2020, maintaining its position among the top five ship registries in the world.
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
Subsea UK has decided to postpone its underwater engineering event Subsea Expo due to the current coronavirus-imposed restrictions. The industry body announced today that the three-day conference and exhibition, along with the annual Subsea Awards dinner, will now take place on 25-27 May 2021. Neil
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday following Hurricane Zeta, companies are feeling this year’s repeated oil and gas production halts.
