The current officer shortfall to crew the global merchant fleet is forecast to widen amid reduced attractiveness of a career at sea, according to the latest report from the global shipping consultancy Drewry. The consultancy estimates that there is a global officer shortage equating to around 2% of
New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects.
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.
The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012.
Seadrill booked a huge loss in the first quarter of the year due to impairment charges amid a significant reduction in global oil demand.
Wintershall Dea believes that hydrogen from natural gas will be instrumental in the decarbonisation of energy system.
In February, Wood Mackenzie sent out a press release stating that the global offshore wind demand will increase nearly six fold over the next ten years. With such huge global potential, We spoke to newly founded World Forum on their outlook. By the end of 2017, offshore wind had only been deployed c
Maersk Drilling believes that continued rig scrapping is needed to obtain a healthier balance between rig demand and supply.
With few profitable investment alternatives, operators are now likely to increase spending in decommissioning work, according to Rystad Energy.
Scottish engineering firm Malin Group has called on the UK and Scottish governments to create “crucial connections” which will determine the commercial future of wave and tidal stream energy. The call comes after two decades in which government incentives have failed to produce commercially viable p
Romania holds technical offshore wind potential of 76 gigawatts (GW), according to the latest data from the World Bank, released around the same time the country’s power producer Hidroelectrica revealed plans for Romania’s first offshore wind farm. The 76 GW include both bottom-fixed and floating wi
Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.
Investments in the reduction of air emissions from ships would no longer be possible in a post coronavirus world, European shipping companies said in a new survey report.
South Korea’s shipping major HMM closed the first quarter of this year with a significantly narrowed net loss, driven mostly by the company’s cost-reduction measures and high profitability of tanker business.
