VTT, partners will assess how suitable fuel oils made from biomass and waste plastics are for ship diesel engines.
Imports at major U.S. retail container ports dropped to their lowest level in five years in March, data from the National Retail Federation and Hackett Associates shows. Imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues. “Eve
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
Blanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for container carriers in the worst-case scenario, Copenhagen-based consultancy Sea-Intelligence predicts. This scenario is based on the freight rates decline experienced
Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.
Australia-based oil and gas company Otto Energy has taken measures to mitigate the effects of the low oil price environment.
Oil and gas company Neptune Energy has revealed its targets to reduce carbon and methane intensity by 2030 from the managed production of its low-cost, long life portfolio.
This session zooms out to allow a view on the world surrounding the offshore wind industry. It will discuss social and environmental risks in wind turbine supply chains and the position and scope of offshore wind in the global offshore energy industry. Watch the contributions from: Maria van der Hei
Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic is about to create a massive supply-demand imbalance, says BIMCO’s Chief Shipping Analyst, Peter Sand. Liquid fuels production and consumption will be imbalanced during much of 2
Liquefied natural gas (LNG) shipper GasLog and its New York-listed spinoff, GasLog Partners, have taken COVID-19 mitigation measures to ensure operations. GasLog noted in its statement there have been no known cases of COVID-19 infection amongst the group’s sea-going or shore-based personnel. Durin
In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows.
Africa-focused oil and gas company Lekoil has approved the immediate and accelerated implementation of the company’s general and administrative (G&A) cost-reduction measures due to the significant drop in oil prices.
BP has underlined there will be no layoffs in the next three months as a result of coronavirus cost-cutting.
Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.
