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ZOEX Power installation of its 100 kW wave energy device at the Port of Aberdeen, South Harbour.
Business Developments & Projects

ZOEX Power completes installation of wave energy device at Port of Aberdeen

Aberdeen-based ZOEX Power has finished the installation of its 100 kW wave energy device at the Port of Aberdeen, South Harbour.

about 2 years ago
Deepsea Stavanger semi-submersible rig; Source: Africa Energy
Business & Finance

TotalEnergies mulls over pull-out from South African offshore block while one partner stays put and another heads for exit

TotalEnergies is pondering the options at its disposal regarding its stake in a block off the coast of South Africa, following the withdrawal announcement from one of the joint venture (JV) partners.

about 2 years ago
Plug Power to get federal clean hydrogen production tax credit at Georgia facility
Authorities & Government

Plug Power to get federal clean hydrogen production tax credit at Georgia facility

Plug Power, which began commercial operation of its electrolytic hydrogen facility in Georgia earlier in 2024, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports.

about 2 years ago
India's ONGC places 'large' orders with compatriot firm for subsea work
Business & Finance

India’s ONGC places ‘large’ orders with compatriot firm for subsea work

India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work. Larsen & Toubro’s Hydrocarbon vertical (L&T Energy) will perform engineering, procurement, construction, installation, and

about 2 years ago
CMA CGM takes delivery of 13K TEU LNG dual-fuel CMA CGM Belem
Vessels

CMA CGM takes delivery of 13K TEU LNG dual-fuel CMA CGM Belem

French shipping major CMA CGM has taken delivery of new 13,000 TEU liquefied natural gas (LNG) dual-fuel containership CMA CGM Belem.

about 2 years ago
Canada
Authorities & Government

Canada bans use and carriage of HFO by ships in Canadian Arctic

Transport Canada has taken action to address the environmental impacts of marine shipping by implementing a ban on heavy fuel oil (HFO) use by vessels in the Arctic.

about 2 years ago
Emden gas terminal; Source: Mainka Bau
Business & Finance

Italian energy giant books Norwegian gas supplies until mid-2030s

Vår Energi has secured a contract extension with Eni, enabling it to provide the oil major with natural gas for an additional 12 years.

about 2 years ago
IMO
Collaboration

IMO MTCCs sign MoU to accelerate uptake of decarbonization technologies

The International Maritime Organization (IMO) has revealed that five maritime technologies cooperation centers (MTCCs) have signed a Memorandum of Understanding (MoU) to accelerate the uptake of decarbonization technologies.

about 2 years ago
Stena RoRo books two new multi-fuel E-Flexer RoPax vessels
Business Developments & Projects

Stena RoRo books two new multi-fuel E-Flexer RoPax vessels

Stena RoRo has ordered two more multi-fuel E-Flexer roll-on/roll-off passenger (RoPax) vessels at China’s CMI Jinling, Weihai Shipyard.

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

China fires up first offshore oilfield running on shore power

CNOOC has boosted its low-carbon efforts by bringing online the first oilfield in the South China Sea, which is receiving power from shore.

about 2 years ago
NIBC
Business & Finance

NIBC sells $1B shipping portfolio to Hamburg Commercial Bank

Dutch commercial bank NIBC has reached an agreement to sell its shipping portfolio of senior secured loans of $992 million to Germany’s Hamburg Commercial Bank (HCOB).

about 2 years ago
Northern Lights carbon storage and transport project in Norway (for illustration purposes); Source: Equinor
Authorities & Government

EU’s exit from embattled fossil fuel-loving treaty in the home stretch: New dawn breaking over 20-year sunset clause

The final push toward withdrawal the EU has taken to severe its Energy Charter Treaty (ECT) ties in a year is perceived as the right path to unleashing its green agenda.

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

Baker Hughes launches hydrogen measurement sensor technologies

Baker Hughes has launched three gas, flow and moisture measurement sensor technologies designed to improve safety performance and drive productivity in hydrogen and other applications across energy and industrial sectors.

about 2 years ago
Illustration; Source: Westwood
Authorities & Government

Embracing key tools to navigate overlapping oil & gas, offshore wind, and carbon storage areas

Co-location conflicts between oil and gas projects, offshore wind farm developments, and carbon capture and storage (CCS) undertakings have emerged as an issue in the United Kingdom (UK).

about 2 years ago
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