Maersk Group, Qatargas and Shell have penned a memorandum of understanding (MOU) to explore the development of LNG as a marine fuel in the Middle East.

China VLCC, a joint venture between China Merchants Energy Shipping (CMES) and Sinotrans & CSC Group, has sealed a time-charter deal with oil major Shell for one VLCC.

Specialist offshore service contractor POSH Terasea has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (FLNG) platform, the world’s largest offshore facility.

Transocean has been hit by a rig contract termination from oil company Shell.

Wärtsilä is to supply dual-fuel engines for 15 LNG-powered barges being built for charter to Shell Trading Rotterdam for use in Northern Europe.

Shell Trading Rotterdam has chartered 15 new inland dual-fuel barges from Plouvier Transport and Intertrans Tankschiffahrt, running predominantly on LNG.

Statoil has followed Shell in vacating the Chukchi Sea off Alaska, after finding the region economically unsustainable.

The LNG industry needs to make itself heard to ensure it is on the agenda of governments in Asia which are planning the future energy mix, according to a senior executive from Shell.

As the downturn in the oil and gas industry continues to bite Shell is axing 1,300 staff in Malaysia, more than 20% of its workforce in the country.

The decision by Shell to pull out of drilling in the Alaskan Arctic is a major blow to an already hard-pressed specialised segment of the offshore industry, says DNV GL.