Shell has posted lower than anticipated earnings, which reflect the adverse impact of Hurricane Ida, while its cash flow from operations hit a record of $17.5 billion.
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The New Zealand Ministry of Business, Innovation and Employment (MBIE) has entered into an agreement with Shelf Subsea Services for the removal of the subsea infrastructure from the Tui oil field.
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Meyer Neptune Engineering, a newly founded startup focused on green innovations and part of Germany’s shipbuilder Meyer Group, plans to cooperate with the Leibniz Institute for Catalysis (LIKAT Rostock) to explore climate-neutral fuels.
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ExxonMobil has reported earnings of $6.8 billion in the third quarter of 2021 due to improved demand and strong operations.
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The renewable methane has a “vast” potential to replace fossil fuel in ships and can achieve up to 80 per cent of greenhouse gas (GHG) reduction, a new report showed.
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