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Environment

UK regulator serves Repsol with highest fine to date amid GHG flaring and venting crackdown

The NSTA has given Repsol the highest fine issued so far for emitting GHG from three fields into the atmosphere without permission.

about 2 years ago

Environment

MOL to issue world’s first blue bonds in shipping

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to issue blue bonds through a public offering in Japan’s domestic market in January 2024.

about 2 years ago

Environment

Tripartite partnership pursues GHG storage acreage offshore Australia

DeepC Store and Azuli International have agreed to jointly pursue and acquire greenhouse gas (GHG) storage acreages in Commonwealth waters offshore Australia said to have strong potential for significant CO2 storage capacities. The two companies have jointly bid for GHG Assessment Permits released b

about 2 years ago

Environment

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read

Environment

Arctic Council urged to ‘act now’ on reducing black carbon emissions from shipping

The Clean Arctic Alliance and its member organization, Norway-based Bellona, called on the Arctic Council to take action to reduce black carbon and greenhouse gas emissions from shipping in the Arctic.

about 2 years ago

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy

Environment

While advocating stronger cooperation, QatarEnergy CEO calls for ‘realistic and scientifically based’ energy transition pathway

QatarEnergy’s CEO has urged Arab countries to bolster their cooperation efforts in the evolving energy landscape to address the energy transition challenges.

about 2 years ago

António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth

Environment

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.

12 minutes read

Illustration; Source: The International Energy Agency (IEA)

Environment

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read

Environment

Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation

about 2 years ago

Environment

US politicians introduce Renewable Fuel for Ocean-Going Vessels Act

U.S. Representatives Mariannette Miller-Meeks (IA-01) and John Garamendi (CA-08) introduced the Renewable Fuel for Ocean-Going Vessels Act, legislation that would allow companies to preserve RIN credits under the Renewable Fuel Standard (RFS) for renewable fuel used for ocean-going vessels.

about 2 years ago

VARD receives order for hybrid cable lay and construction vessel from Japan

Environment

VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan

Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates

about 2 years ago

Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding

Environment

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago

Stena DrillMAX drillship; Source: Stena Drilling

Environment

Stena rig becomes first drillship to don DNV’s notation for emission reduction

Stena Drilling has welcomed the award of DNV’s Abate (P) notation, which now adorns one of its drillships.

about 2 years ago

Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28

Environment

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read