Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices.
The UK Oil and Gas Authority (OGA) has revealed its intention to help the government achieve the target of net zero greenhouse gas emissions by 2050.
Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted result of $29 million, compared to $7 million seen in Q1 2019.
U.S. LNG equipment maker Chart Industries has joined the Australian LNG Marine Fuel Institute.
Marine Terminals Corporation – East (Ports America), Ceres Marine Terminals Inc., and SSA Atlantic LLC have formed a joint venture company to provide container terminal and stevedoring services in the Port of Charleston in South Carolina.
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.
DNV GL and Alpha Ori Technologies (AOT) have signed MoU in which they agree to work together to contribute to the marine industry’s ongoing digital transformation.
The European Sea Ports Organisation (ESPO) has proposed a two-step approach to the new EU Transport Strategy amid the coronavirus pandemic.
ExxonMobil booked a quarterly loss due to asset impairments amid lower oil prices while its production was up by 2 per cent.
Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.
Green Marine and Surfrider Foundation Europe have announced that the Green Marine Europe environmental program is now available to European shipowners.
The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabilise the oil market.
Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline.
Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price.
