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Illustration; Source: ExxonMobil
Authorities & Government

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
TGS picks up 2025 tasks in India and Europe
Business & Finance

TGS picks up 2025 tasks in India and Europe

Norway-based energy data and intelligence company TGS has further expanded its 2025 to-do list with a 3D streamer contract in India and an ocean bottom node (OBN) contract in Europe, both set to be kicked off at the beginning of the year. TGS said it had secured a significant 3D streamer contract fo

about 1 year ago
A large vessel at sea with two smaller ones next to it
Business Developments & Projects

Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds

The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou

about 1 year ago
MMMCZCS presents guide to emerging ship design solution for ammonia-fueled vessels
Business Developments & Projects

MMMCZCS presents guide to emerging ship design solution for ammonia-fueled vessels

Building on findings from its previous studies, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS) has issued a new publication with a guide to the emerging solutions for ammonia-fueled vessels from a ship design perspective. The report ‘Emerging ship design principles for ammonia-fue

about 1 year ago
Vena Energy LS Cable
Business & Finance

New agreement to keep LS Cable & System busy offshore South Korea

Vena Energy’s subsidiary, Taean Wind Power, has selected LS Cable & System as the preferred submarine cable supplier for the 504 MW Taenan offshore wind farm in South Korea. Under the agreement, LS Cable will supply high-voltage subsea cables, which are essential for transmitting renewable energy fr

about 1 year ago
Illustration; Source: Navingo
Authorities & Government

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

16 minutes read
T&E
Authorities & Government

T&E: Carbon footprint of European gas imports underestimated by almost 30%

Despite the efforts to promote liquefied natural gas (LNG) as the go-to clean alternative, new evidence on upstream emission suggests that Europe’s gas mix is much dirtier than the European Union’s (EU) officials had initially thought, Transport and Environment (T&E) shared. According to a study tit

about 1 year ago
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Business & Finance

Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip

As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.

13 minutes read
Solstad's largest vessel fully committed until end of 2026
Business & Finance

Solstad’s largest vessel fully committed until end of 2026

Norwegian shipping company Solstad Offshore has secured a contract award with a mystery client that will keep the largest vessel in its fleet fully committed until the end of 2026. Solstad’s subsea construction vessel (CSV) Normand Maximus is 178 meters long and can accommodate up to 180 people. It

about 1 year ago
Osaka Gas
Business Developments & Projects

Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report

While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t

about 1 year ago
Sevilla
Ports & Logistics

Spanish port receives accolade for its circular economy project

Earlier this November, the Port of Sevilla was presented with the European Sea Ports Organization’s (ESPO) 2024 ESPO Award for its circular economy-oriented project, believed to hold benefits for both the city and its community. As disclosed, the Spanish port received the award on November 6 at a ce

about 1 year ago
Global OTEC has launched its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology.
Business Developments & Projects

Global OTEC deploys storm-resistant floating platform in Atlantic waters (Video)

Global OTEC has deployed its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology. According to Global OTEC, the cylindric hull, named Don and built under the EU-funded PLOTEC project, was launched from Hidramar Shipyards into Atlantic wat

about 1 year ago
Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan
Authorities & Government

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read
COP29 Azerbaijan; Source: COP29 Presidency
Authorities & Government

Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal

21 minutes read
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