Neptune Energy has decided to reshape the size of its global organisation due to the combined impact of the COVID-19 pandemic and the anticipation of lower commodity prices for a longer period of time.
Denmark has given a go-ahead for the development of the energy islands, and the second of the three 1 GW offshore wind farms proposed in the Energy Agreement 2018. The 1 GW offshore wind project will be developed at the Hesselø zone in the Baltic Sea and is expected to be commissioned by 2027. The [
Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r
The number of members of the Green Marine environmental certification program has been steadily increasing, according to the program’s latest performance report.
The Covid-19-caused downturn is set to cause a 25 per cent yearly drop in global demand for oilfield services (OFS), a Rystad Energy analysis shows.
Carnival Corporation & plc., the world’s largest cruise company, suffered a multibillion-dollar loss in the quarter ended May 31, 2020, due to the suspension of cruise operations related to COVID-19.
US LNG export project developer Venture Global LNG has made a management switch naming Jonathan (Jack) Thayer as its chief financial officer.
Engineering consultancy Infinity has announced Stephen Hamilton as regional director and green-light for the expansion of the business. Infinity has now entered London energy market, which will operate as a hub for engineering support to the international arena. This should also strengthen the Aberd
In its global energy outlook, Rystad Energy revealed that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing the world’s recoverable oil by around 282 billion barrels.
The massive consolidation drive in the container shipping market that dominated the narrative over the past four years seems to have brought about unexpected benefits during the coronavirus crisis. The driving force behind the phenomenon has been primarily achieving economies of scale, especially co
There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.
Industry trade association Oil & Gas UK (OGUK) has revealed plans for halving emissions from production and exploration by 2030, with the country’s basin becoming net-zero by the year 2050.
German wind industry association WAB has welcomed the Federal Government’s recognition of “green” hydrogen’s sustainability in the long term and the special role of offshore and onshore wind energy in its National Hydrogen Strategy, adopted on 10 June. However, WAB said the strategy is non-ambitious
Maersk vessels will be assisting global research efforts on weather patterns and climate change as the Danish container shipping major is committing its 300 owned vessels to participate in the global Voluntary Observing Ship (VOS) program.
