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.
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.
The UK’s OGA has decided to scrutinise requests for flaring and venting of greenhouse gases offshore the UK, aiming to help reach the country’s net-zero goals.
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.
On 24 September, the IMO and the global maritime community come together to celebrate the annual World Maritime Day. The 2020 theme is Sustainable Shipping for a Sustainable Planet. The topic is in line with the industry-wide efforts pushing to save fuel, and develop green energy sources as they wor
Teekay Corporation, Teekay LNG Partners and Teekay Tankers have joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
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 UK’s Maritime Skills Commission (MSC) has released its Labour Market Intelligence Report to help identify the skills gaps in the maritime sector.
U.S. LNG export project developer Venture Global LNG has unveiled changes in the company’s corporate governance.
Oil major Shell has launched a major cost-cutting drive to save cash and overhaul its business in preparation for the energy transition.
