The eighth annual report looking into the global progress in transitioning to a low-emissions economy published by Generation Investment Management, a London-based pure-play sustainable investment manager, sheds some light on the progress countries around the globe are making with tackling the COP28
The Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has launched a new application period for the submission of the 14th batch of requests for technical support (RFTS). A
U.S.-based Commonwealth LNG and Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, have signed a multi-year heads of terms (HoT) agreement with Swiss-headquartered Glencore for the supply of natural gas and liquefied natural gas (LNG) from an ex
South Korea’s shipbuilder HD Hyundai Mipo Dockyard (HMD) has secured an approval in principle (AiP) from the UK-based classification society Lloyd’s Register (LR) for a 20,000 cbm liquefied carbon dioxide (LCO₂) carrier, signalling a ‘step forward’ in bolstering carbon capture and storage (CCS) tech
Shelf Drilling has wrapped up a divestment process for a jack-up rig which will work on a decommissioning assignment in Malaysian waters for its new owner.
Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has held a delivery and naming ceremony for the third dual-fuel liquefied ethylene gas (LEG) carrier built for German shipping company Hartmann Group.
French shipping colossal CMA CGM is set to strengthen its position in Brazil’s maritime sector with the purchase of a nearly 48% stake in Santos Brasil Participações, a major Brazilian multi-terminal operator, from funds managed by Opportunity Funds. The deal, expected to close by early 2025 pending
Steelhead LNG has filed a patent infringement lawsuit with the Seoul Central District Court in South Korea against the developer of the Cedar LNG project on Canada’s West Coast and Samsung Heavy Industries (SHI), which is constructing a new floating LNG (FLNG) unit for the project.
The International Maritime Organization (IMO) has been urged to agree on a strong revision of the Carbon Index Indicator (CII), a global fuel standard that allows for the uptake of wind propulsion, and an ambitious levy to ensure the shipping industry reaches decarbonization targets.
NKT, alongside other players hired for work on an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, is continuing to make inroads in putting all the subsea marine infrastructure in place.
Japanese conglomerate Kawasaki Heavy Industries has entered into a strategic agreement with CB&I, a wholly-owned unrestricted subsidiary of McDermott, to promote a commercial-use liquefied hydrogen (LH2) supply chain. Under the agreement signed on September 18 during Gastech 2024 in Houston, Kawasak
UK-headquartered Tocardo, a producer of tidal and free-flow water turbines, has relocated its European operations from Den Oever to Vlissingen, Province Zeeland, Netherlands. The move places the company closer to key partners in the Offshore For Sure (O4S) project, such as Water2Energy, World Class
Classification society Bureau Veritas (BV) and Mitsubishi Shipbuilding, part of Japanese company Mitsubishi Heavy Industries Group, have completed a joint development project (JDP) to implement 3D model-based approvals.
German shipbuilder Meyer Werft, which was hit by a major financial crisis, has received extensive support from the government to secure its economic future.
