P&O Logistics boss does not believe in an oil market in the North Sea

The oil market is completely fragmented on a global level, says P&O Maritime Logistics CEO. Certain areas will transition to green operations much quicker.

P&O Maritime Logistics chief executive Martin Helweg expects the future of oil to belong to the National oil companies. | Photo: P&o Maritime Logistics

by IDHA TOFT VALEUR

The Dubai-based offshore company P&O Maritime Logistics (POML) does not see a market for oil and gas in the North Sea going forward.

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P&O Logistics boss does not believe in an oil market in the North Sea

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P&O Maritime modifies vessels to reap benefits of container market

P&O Maritime Logistics faces a crucial decision in its transformation

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Ingerslev believes in offshore wind despite pressure on customers

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs