In a recent editorial headed ‘The slow death of Big Oil has now begun’, the Financial Times described how BP’s chief executive, Bernard Looney, wants the company to cut production of oil and gas by 40% over the next decade.
Keppel Corp is undertaking a strategic review of its offshore and marine business that includes looking at mergers and disposal.
Scorpio Bulkers has sold a kamsarmax bulker for $18m as it looks to transition it business to offshore wind.
Qatar’s Milaha has penned a memorandum of understanding with US oilfield services firm Schlumberger Limited to order oil well stimulation vessels for work in Qatar.