Zenith Energy is working on getting its hands on a production sharing contract (PSC) for a block containing an oilfield off Benin.
Quattro Energy has experienced a delay in the acquisition of United Oil & Gas’ asset in the North Sea with an existing hydrocarbon discovery.
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has put into service its second LNG-powered ferry, the Sunflower Murasaki. The vessel is the second of Japan’s first two LNG-fueled ferries, owned by MOL and operated by its group company Ferry Sunflower Co. The ferry entered service on April 1
Equinor has started production from a field, which has been tied back to a recently upgraded platform in the Norwegian Sea.
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb
Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.
The LNG Canada project in Kitimat has reached a new milestone with the installation of its first bridge module. The module’s primary function is to connect utilities to LNG processing train 1, and it also supports the transportation of LNG from train 1 to the storage tank. JGC Fluor Joint Venture (J
Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi
Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re
The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. GTT acknowledged t
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has held a keel-laying ceremony for the first out of two new LNG-powered, wind-assisted LCO2 transportation ships.
The Danish government is working to withdraw from the Energy Charter Treaty (ECT) due to possible concerns and risks for the green transition, among other things. The ECT is a trade and investment agreement that aims to create secure framework conditions and make it attractive for private investors
Energy company Idemitsu Kosan has launched a feasibility study of clean hydrogen production in Japan generated from waste, including municipal waste. The study is conducted in collaboration with US-based H-Cycle (HC), a developer of a thermal conversion process that uses heat and electricity to tran
Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re
