Carnival finalises Cuba plan

Carnival Corp has confirmed its new Cuba cruise itinerary as US regulations governing passenger-ship calls to the island continue to ease.
Carnival’s new Fathom brand will begin weekly voyages to Cuba with the 710-passenger Adonia in May 2016. The cruise owner announced on 30 September that the

Shell Continues to Hack Jobs

By MarEx 2015-09-30 12:31:33

Shell is cutting more than 1,300 upstream employees in Malaysian over the next two years. The multinational oil and gas company said the move is part of its strategic transformation program, which is aimed at improving efficiency. Its current Malaysian workforce is about 6,500.

Shell has made additional cuts around the world this year due to the downturn in industry, which has forced the overall industry to restructure assets and workforce. In July, Shell also announced job cuts of 6,500 globally.

Shell’s revenues fell by 33 percent in the first half of the year compared to the same period in 2014. And its upstream business has taken the brunt of the losses as profits tumbled to $774 million, down nearly 80 percent from last year. The company’s oil production has also fallen by 11 percent.


U.S. Finally Embraces Offshore Wind

By MarEx 2015-09-30 10:57:20

It has taken decades for the U.S. government to grasps the benefits of renewable energies such as offshore wind. The Department of Energy (DOE) has awarded nearly $600 million to New York, Maine, Rhode Island and Massachusetts for offshore wind projects. And construction began on Rhode Island’s Block Island Farm, the first in the U.S., in July.

The Obama Administration has voiced the need for the U.S to produce 22,000 megawatts of offshore wind energy by 2030, which will provide power to about four and a half million households.

And there has been a concerted effort to ensure that offshore wind production is implemented friendlier to the environment and with wildlife considerations.

The Department of Interior’s Bureau of Ocean Energy Management (BOEM) recently launched its Real-Time Opportunity for Development for Environmental Observations (RODEO) to study the impacts of offshore windfarm construction on the environment.

RODEO will study and analyze how windfarm development affects air quality, sound pollution and examine seafloor disturbances due to anchor chains. The project is expected to be conducted over the next five years.

The Rhode Island Block Island farm, which will power 17,000 households, will provide the first opportunity to gather data from actual site and allow the agency to establish mitigation measures to reduce or eliminate impacts.

The agency will study disturbances on the seabed due to anchors and will use DP vessels.

Loweing costs is a huge objective for the federal government, and it is planning to work with the New York State Energy Research and Development Authority (NYSERDA) and the Clean Energy States Alliance (CESA) to reduce development costs by establishing a regional supply chain.

CESA will coordinated the multi-state program and plans to gather input from stakeholders about development methods to improve transmission lines and expedite the permit process.

BOEM will also establish a multilateral group to collect and share expertise on offshore wind technology and regulation from industry leaders in the U.K., Germany and Denmark to improve production methods.