Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
Despite uncertainties associated with the COVID-19 pandemic, Danish ferry and logistics company DFDS has raised its outlook for 2020 thanks to growing freight volumes.
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
The members of International Renewable Energy Agency’s (IRENA) collaborative framework on ocean energy and offshore renewables have identified 13 topics of focus to advance the sector forward.
Even though Hurricane Energy had promising exploration results in UK’s fractured basins, energy intelligence firm Rystad Energy believes that the country’s hydrocarbon production would never rise above 2 million boepd again.
LNG and hydrogen are viewed as frontrunner fuels to help shipping reach IMO decarbonization ambitions, according to a new ABS survey.
BNP Paribas Asset Management has expanded its range of sustainable thematic investments with the launch of its first blue economy exchange-traded fund (ETF). The fund will build on the work BNP achieved with the circular economy ETF it launched in May 2019. This new ETF, called the BNP Paribas Easy
A slow recovery from the Covid-19 pandemic or a deeper slump could delay a complete rebound in the world’s energy demand to 2025, the International Energy Agency said on Tuesday.
Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees. The redundancies are part of the internal reorganization announced last month, mostly affecting the major’s Ocean and Logistics &
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook.
French oil and gas major Total has moved to transform itself into a broad energy company as part of its efforts to become a leader in the renewable energy sector and get to net-zero by 2050.
DHL Global Forwardin revealed it would be neutralizing the carbon emissions of all less-than-container load (LCL) ocean freight shipments from 1 January 2021.
Oil major Shell has confirmed plans to cut between 7,000 and 9,000 jobs in a push to save up to $2.5 billion by 2022.
