The Nordic energy company Gasum is seeing mixed signals on the maritime market recovery.
The world’s largest cruise liner company Carnival Corporation is about to shed 13 ships from its fleet though demolition and sales deals as it works on cutting maintenance costs and curbing the impact of the COVID-19 pandemic on its business. Carnival like many of its counterparts from the cruise in
Twelve countries have committed to facilitating crew changes and achieving key worker designation for seafarers, following a virtual ministerial summit hosted by the UK Government on 9 July.
Is climate change pushing the corporate world to use as much renewable energy as possible? Or, is it because of financial reasons, such as long-term fixed prices? Or, is it „the brand kudos that comes with procuring energy from renewable sources“, as one recent report mentioned? If we are now moving
The outlook for the global shipping sector for the coming 12 to 18 months remains negative, according to Moody’s new report. The key drivers of the negative outlook are a combination of expectations that the global economy will shrink in 2020 due to the impact of the pandemic and the road to recover
Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group.
Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes.
Maritime partners urge leaders “to commit to doing everything in their power” to promote the facilitation of crew changes by EU Member States and third countries.
The labor market is on lockdown since the start of the corona crisis, however the first signs of change are starting to appear.
The North Sea has been a cash cow for the UK and Norway contributing to their economies for over half a century.
Italian oil major Eni is expecting to report impairments of around 3.5 billion euros (around $3.96 billion) as a result of a lower outlook for energy prices.
Offshore wind could become a $ 1 trillion industry over the next two decades, and renewable energy in general will create an investment opportunity of between $ 8 trillion and $ 16 trillion by 2030, according to some of the reports recently published. Meanwhile, oil & gas giants are making concrete
The Petroleum Safety Authority (PSA), Norway’s offshore safety regulator, has approved two offshore drilling projects.
The coronavirus pandemic will have a dramatic impact on energy supply and demand in the short term and will have lasting impacts once the pandemic dissipates but on its own will not be enough to advance the world’s progress towards the Paris climate ambitions, classification society DNV GL said.
