The alleged withdrawal of TGS from natural gas exploration in Victoria’s Otway Basin off the coast of Australia has been perceived as a blow to the state’s energy security as the gas supply dwindles. On the other hand, the launch of the U.S. Gulf Coast CO2 storage assessment package is described as
Canada-headquartered marine technology player Kraken Robotics has secured $13 million in orders for its SeaPower subsea batteries from existing clients. Rated for depths of up to 6,000 meters, these batteries deliver twice the energy density and are 46% lighter per kWh compared to traditional press
Transocean has secured a new long-term ultra-deepwater drillship assignment with an undisclosed operator in the U.S. Gulf of Mexico.
HD Hyundai Marine Solution, a marine solutions provider operating under South Korea’s titan HD Hyundai, has shaken hands with compatriot HD Hyundai Samho shipyard and the French shipping behemoth CMA CGM to develop a standardized life cycle assessment (LCA) model for measuring carbon emissions in sh
A consortium of partners is looking to establish an essential hub for low-carbon hydrogen and CO2 management in the Mediterranean within Port-La Nouvelle.
Australian energy player Santos has hit the 82% completion mark at its project in Commonwealth waters, bringing it closer to the first gas from its huge field off the coast of Australia. The firm also confirmed the commissioning of a carbon capture and storage (CCS) project in the Cooper Basin, whic
Port of Newcastle’s Clean Energy Precinct (CEP) project has reached a development milestone, with the signing of agreements for front-end engineering designs (FEED) and environmental impact statements (EIS).
The UK’s National Oceanography Centre (NOC) has secured £41.4 million (around $53.7) from the Natural Environment Research Council (NERC), as part of a total of £101 million investment. According to the UK Research and Innovation (UKRI), funding has been awarded to the center to deliver the Atlantic
The UK Government has decided to award funds for new green shipping corridor projects that could boost the use of sustainable fuels, secure more green jobs, and advance environmentally friendly travel within Europe.
The American Bureau of Shipping (ABS), a classification society, has hand-picked Switzerland-headquartered structural performance management software solutions provider Akselos to provide software to monitor one of the four floating production, storage, and offloading (FPSO) units in the Cessão Oner
Norwegian state-owned energy giant Equinor has shared the safety results for the third quarter of 2024, noting an uptick in safety, paired with a slight increase in the total number of injuries towards the end of the quarter.
Japanese shipping company NS United Kaiun Kaisha (NS United) and Brazilian mining giant Vale will equip a 400,000 dwt very large ore carrier (VLOC) with rotor sails manufactured by UK-based wind-assisted propulsion provider Anemoi Marine Technologies. Under the agreement, NS United and Vale will ins
In an effort to ‘enhance’ the sustainability and efficiency of its fleet, Germany’s family-owned shipping company Reederei Bernd Sibum has commissioned four hybrid-ready combi freighter (CF) 3850s from the Netherlands’ Damen Shipyards Group. As disclosed, set to be built at Damen Yichang shipyard in
Al Seer Marine, a subsidiary of International Holding Company, has secured $80 million in financing from BOCOM Financial Leasing, a subsidiary of the Bank of Communications, one of China’s largest commercial banks, for its newly delivered MR tankers Betelgeuse and Bellatrix.
