Oilfield services major Baker Hughes has booked $170 million loss in the third quarter of 2020, against $57 million profit same time last year. The bottom line took a hit due to revenue drop, asset impairments, restructuring and separation related charges. This was also the company’s third straight
Danish investment entity Innovation Fund Denmark has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the first commercial order for an
