A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.
Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP
The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green
Prysmian has tucked under its belt a contract win worth around €850 million for a high voltage direct current (HVDC) cable connection in the UK.
Westwood has warned that delays, cancellations, and under-delivery pose a significant risk, which could derail Britain’s 2030 targets.
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Huisman has unveiled a cable-lay system that ensures fast mobilization and demobilization for multi-purpose vessels (MPVs).
Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transit
ConocoPhillips has submitted an environment plan for several seabed surveys and a multi-well exploration drilling program off the coast of Australia.
U.S.-headquartered drybulk shipowner Genco Shipping has acquired 2016-built 181,000 dwt scrubber-fitted Capesize vessel, Genco Reliance.
Beach Energy has submitted a revised environment plan for subsea installation and commissioning activities off the coast of Australia.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has tested an autonomous navigation system on the 11,413 gross-ton large RORO cargo ship HOKUREN MARU No. 2, operated by K-Line on a round-trip route of approximately 1,600 km between Hitachi Port and Kushiro Port. The system was trialed in th
UAE-based port operator AD Ports Group in collaboration with Kazakhstan’s national oil company KazMorTransFlot (KMTF) has announced the acquisition and commencement of operations of two oil tankers designed for the transportation of Kazakhstan’s oil across the Caspian Sea. The two tankers were named
