Monaco-based ship owner and operator Scorpio Bulkers is selling one of its non-scrubber-fitted bulkers, representing a first step in the company’s recently unveiled strategy focused on the offshore wind sector.
Singapore’s conglomerate Keppel Corporation has decided to review its offshore & marine business amid the sector’s challenging environment.
After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, this year and 2021 had at least as much capacity lined up for final approval – instead, there’s a famine, Wood Mackenzie said.
Norway’s maritime industry group Wilhelmsen and Germany’s industrial and technology businesses conglomerate thyssenkrupp are establishing a 3D printing joint venture targeting the maritime industry.
Australia’s Department of Industry, Science, Energy, and Resources stated in its Resources and Energy Quarterly that the country’s LNG shipments dropped by 12 per cent year-on-year and noted the pressure on the country’s LNG export volumes in recent months.
DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. The forecast a
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
The onset of the COVID-19 pandemic in early 2020 saw the collapse of oil and gas prices to record low levels.
If Turkey develops the giant Tuna-1 (Danube-1) gas discovery, it could potentially save the country up to $21 billion in import costs, Rystad Energy estimates.
Following its third price collapse in 12 years, the oil and gas industry may be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
After many years of expensive carbon capture and storage (CCS) studies and test centres, Europe has reached a point where big-scale developments are financially sensible, a Rystad Energy analysis shows.
During the second quarter of this year, French container shipping major CMA CGM improved profitability in all its business activities despite challenges related to COVID-19.
The UK’s Oil and Gas Authority (OGA) has offered for award 113 licence areas over 259 blocks or part-blocks to 65 companies in the latest offshore licensing round.
