Japanese industry majors Japan Petroleum Exploration Co. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha (K LINE), and JFE Steel Corporation have joined hands to embark on a collaborative evaluation with the goal of establishing a carbon capture and storage (CCS) value chain rooted
This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen
Knutsen NYK Carbon Carriers AS (KNCC) has signed a Memorandum of Understanding (MoU) with Pilot Energy Limited, an Australian oil and gas company that is pursuing to leverage its existing infrastructure to develop clean energy projects, to collaborate on an integrated solution for marine transportat
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The
Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh
Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.
America’s oil & gas and renewables are in need of encouraging policies to flourish and meet the increasing demand at home and abroad.
South Korean shipbuilder Hanwha Ocean, formerly Daewoo Shipbuilding and Marine Engineering (DSME), has received ABS’ approval in principle (AIP) for onboard carbon capture technology.
Maritime leaders have formed an elite working group to study onboard carbon capture technologies as a solution to help decarbonize the maritime industry while enabling the existing ships to continue burning fossil fuels. The collaborative project brings together ABS, Diana Shipping Services, Equinor
Knutsen NYK Carbon Carriers AS (KNCC) is ready to order LCO2 carriers fitted with its unique Liquefied CO2-Elevated Pressure (LCO2-EP) containment system, the company said. The intention is being revealed on the back of a General Approval for Ship Application (GASA) the company secured for the LCO2-
New York-listed product and chemical tanker company Ardmore Shipping Corporation has ordered Value Maritime’s (VM) carbon capture-ready Filtree systems. for additional three MR Tankers Having already signed for six Filtrees at the end of last year, the additional three ships to be made carbon captur
All twelve CO2 storage tanks for the Northern Lights carbon capture and storage (CCS) project, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, have been installed at the project’s CO2-receiving facilities in Øygarden, Norway. Northern Lights JV revealed the construction miles
Technology and engineering group Sener has completed the conceptual design of a new model of sustainable tanker that can carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and can also store the captured CO2 from nearby vessels. According to Sener, the
