Chevron revealed a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance.
Global Wind Organisation (GWO) and RenewableUK are launching a new programme to support the transition of skilled workers from sectors such as oil & gas into renewables. In April 2021, the two organisations will launch GWO Safety Training Access Programme, which will allow workers from other sectors
Some 47% of all newly built dry bulkers delivered in 2020 are fitted with exhaust gas cleaning systems, known as scrubbers, data from BIMCO shows. Interest in scrubbers peaked in 2018 and 2019 ahead of the implementation of the IMO 2020 sulphur cap that entered into force in January 2020. Bulk carri
Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has pledged to offset all carbon emissions from its global shore-side operations starting in 2020. These will include all office activities, commuting and business and crew travel. To this end, Pacific Basin has partnered with
The Methanol Institute is urging the maritime community to mitigate pollution and emissions risk in Polar regions by adopting methanol as marine fuel, and applying bunkering guidelines developed by the European Committee for Standardisation (CEN). The call is being issued on the back of IMO’s meetin
Soren Toft started his new role as Chief Executive Officer of Mediterranean Shipping Company (MSC), the world’s second-largest container shipping firm, on December 2, 2020. He reports directly to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman. In his role as
TechnipFMC and Bombora Wave Power have entered into a partnership to develop a floating offshore energy platform, integrating wind with the mWave wave energy technology.
Tractebel Overdick has developed a new floating wind foundation concept for 15+ MW wind turbines with a “hydrogen ready” option, and an offshore hydrogen production platform which can utilise the potential of large-scale offshore wind farms at an industrial scale of up to 800 MW. The new floater des
Italian cabling giant Prysmian has announced plans to accelerate the race to net-zero CO2 emission during its recent “Sustainability Day”. Its project aims to set science-based carbon reduction targets for the Prysmian Group, and will consider both Scope 1&2 (own organization) and Scope 3 (value cha
ZeroNorth, a digital spin-off from Maersk Tankers, and maritime software developer Veson Nautical have entered into a strategic product partnership. The agreement will allow ZeroNorth’s vessel optimisation software, Optimise, to integrate with the Veson IMOS Platform (VIP), a solution for commercial
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.
Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will add to WFS’s existing fleet of 11 methanol-fuelled ships, which have b
Australian energy major Santos has announced its new ambitious emissions reduction targets which will culminate in reaching net-zero by 2040.
