The International Transport Workers’ Federation (ITF) estimates that there are now approximately 300,000 seafarers trapped working aboard ships due to the crew change crisis caused Covid-19 border and travel restrictions, and an equal number of unemployed seafarers waiting to join them who are ashor
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
CTCI Machinery Corporation (CTCI MAC) has signed a contract with China Steel Power Corporation to supply nearly a hundred pin piles for the Zhong Neng offshore wind project in Taiwan. Four production lines will be set up at CTCI MAC’s Ta-Lin Shop in Kaohsiung’s Nansing Free Trade Zone. The pin piles
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
Subsea 7 has secured a contract for the installation of the submarine cable system at an undisclosed offshore wind project in Taiwan. Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany, and in Taipei, Taiwan, while the offshore activities are expected to commence in
MISC Berhad inks MOA with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm VLECs.
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
OPEC, Russia, and other oil producers are set to meet on Wednesday to decide on the oil output policy from August onward.
A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies, data from the Energy Policy Tracker shows.
Asian waters accounted for a third of large vessels lost at sea globally last year, even as large shipping losses are at a record low having fallen by over 20 per cent year-on-year, according to Allianz.
Crude oil tanker MV Gulf Sky, which has been under arrest in UAE under a UAE Admiralty Law injunction since January 2020, seems to have gone missing as the vessel’s location is unknown for days. By leaving the anchor off Port Khor Fakkan Anch and UAE waters, the ship has violated the injunction and
Keppel Offshore & Marine (Keppel O&M) has through its subsidiaries in Singapore and Brazil has secured two contracts worth a combined value of about S$73 million ($52.4Mn) from MODEC.
