The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
Finland’s National Bureau of Investigation (NBI) has clarified technically the cause of the Balticconnector gas pipeline damage, stating that the Newnew Polar Bear vessel, flying the flag of Hong Kong, is believed to have caused it. The NBI stated at a press conference on October 24 that it had made
HWCG, a consortium of deepwater operators in the Gulf of Mexico, and marine environmental consulting and survey company CSA Ocean Sciences have created a surface monitoring equipment program designed to assist offshore oil and gas operators with enhancing their environmental monitoring and preparedn
The Sri Lanka Ports Authority (SLPA) aims to transform the Port of Colombo into an eco-friendly port by 2030, with a focus on renewable energy sources, aligning with the principles of a blue ocean economy. “In this context, we are actively exploring green energy solutions, including green methanol,
Australian energy giant Woodside Energy has removed the decommissioned Nganhurra riser turret mooring (RTM) from Australian water, which is now in transit to the shore for recycling and reuse. The Nganhurra RTM has been lifted onto a barge approximately 38 kilometers north of the North West Cape in
Canada’s Ksi Lisims LNG has filed an application to the British Columbia (B.C.) Government for an environmental assessment certificate (EAC) after consultation, studies and analysis designed to identify and mitigate potential effects on a wide range of matters related to the project. The filing is s
The Maritime Union of Australia (MUA) is urging the Australian government for a major shakeup of government policy and regulation of the dismantling, processing, recycling and disposal of offshore oil and gas infrastructure. MUA, alongside Macquarie University’s Centre for Energy and Natural Resourc
The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s
UK well decommissioning company Well-Safe Solutions is targeting carbon capture, usage and storage (CCUS) projects with the appointment of the company’s first energy transition manager. Well-Safe announced on 17 October that it is adding CCUS as well as geothermal project capabilities to its offerin
Global fashion giant Inditex, the parent company of renowned brands like Zara and Massimo Dutti, has joined forces with Maersk to reduce its carbon footprint in global seaborne logistics. The partnership aims to incorporate alternative, eco-friendly fuels into all inbound routes through Maersk’s ECO
BIMCO, the world’s largest international shipping association, has adopted a new CII clause for voyage charter parties to support the industry’s decarbonization path.
Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a
Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F
As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as
