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Ecospray
Business Developments & Projects

Ecospray’s CO2 capture tech with 80 pct efficiency coming in Q1 2024

Ecospray, an Italian company specializing in sustainable solutions for maritime and land-based industries, has unveiled its first two carbon capture technologies for the maritime sector in Athens, Greece. The company developed a pilot plant with two CO2 capture technologies: chemical absorption usin

about 2 years ago
New hydrogen hub in Australia in the works
Authorities & Government

New hydrogen hub in Australia in the works

Australia’s Albanese and Malinauskas Governments have finalized a grant agreement to develop the Port Bonython Hydrogen Hub near Whyalla. Together, both governments are investing $100 million to develop infrastructure at Port Bonython and prepare it to become South Australia’s (SA) first large-scale

about 2 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy
Business & Finance

QatarEnergy CEO sees natural gas as ‘indispensable’ not just for energy transition but also after 2050

The CEO of QatarEnergy has spotlighted the role of natural gas in the evolving energy landscape and the energy transition era.

about 2 years ago
NKT cable-laying vessel moves to biofuel
Business Developments & Projects

NKT cable-laying vessel moves to biofuel

Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%.

about 2 years ago
Port of Los Angeles, California
Business Developments & Projects

World’s first transpacific green shipping corridor in the making

The Ports of Los Angeles, Long Beach and Shanghai have unveiled plans for the creation of the first-ever green shipping corridor across the Pacific.

about 2 years ago
QatarEnergy LNG awards CO2 sequestration deal to Worley
Business & Finance

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 2 years ago
Port of Aberdeen
Business & Finance

Princess Royal unveils £420 million Aberdeen Port expansion

The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday

about 2 years ago
Illustration; Source: CNOOC
Business Developments & Projects

Oil flows from another project in Bohai Sea

CNOOC Limited has kicked off production from an oilfield second adjustment project in the Bohai Sea offshore China.

about 2 years ago
In focus: Is climate crisis a ‘fossil fuels crisis’?
Business Developments & Projects

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 2 years ago
Rishi Sunak, UK Prime Minister; Source: UK government
Authorities & Government

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

16 minutes read
Peninsula Petroleum's first LNG deal breaks records
Business Developments & Projects

Itochu & Peninsula ally on development of ammonia bunkering in Spain

General trading company Itochu Corporation and marine fuels supplier Peninsula Petroleum have executed a memorandum of understanding (MoU) on the joint development of ammonia bunkering in Spain. Itochu stated that, together with Peninsula and future partners, it aims to establish a global ammonia su

about 2 years ago
Transocean Norge; Source: Transocean
Authorities & Government

Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig

Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea.

about 2 years ago
HHLA
Business & Finance

Workers protest against HHLA’s partial sale to MSC

In a show of collective dissent, hundreds of employees of Hamburger Hafen und Logistik AG (HHLA) rallied on Tuesday to protest against the proposed partial sale of the company to the Swiss container shipping giant, MSC (Mediterranean Shipping Company). The demonstrators marched from the HHLA headqua

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Authorities & Government

North Sea well yields no hydrocarbons

Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea.

about 2 years ago
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