Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
In a push to decarbonise operations at its facilities, California’s Port of Oakland, the fifth busiest container port in the US, has approved an environmental ordinance calling for its seaport tenants to develop a plan to reach zero emissions from cargo handling operations. The Oakland Board of Port
In early March, Japanese shipping major NYK sent one of its vessels to PHP Ship Recycling Facility in Bangladesh for green recycling. The company said that PHP Ship Recycling Facility, which is a ship-recycling facility operated by PHP Ship Breaking and Recycling Industries Ltd., has become the firs
S.N. Corporation’s Unit-02 ship recycling yard at Shitalpur, Sitakunda in Bangladesh has been certified as compliant with the International Maritime Organization’s (IMO) guidelines for the Hong Kong Convention (HKC) on sustainable ship recycling. The certification process was undertaken by the Japan
Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, w
The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to
Shell and Petrobras have joined forces to embark on a quest to unlock new upstream and energy transition opportunities.
UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Equinor has secured a drilling permit from the country’s authorities for two wells in the North Sea off Norway.
World’s largest container shipping company MSC is ready to embrace alternative fuels as part of its commitment to decarbonize its operations, Claudio Abbate, Vice President of Maritime Policy and Government Affairs at MSC Group, said. Abbate said the company was “willing and ready” to further adopt
Aker BP has received consent from Norway’s regulator to use one of Noble’s rigs at a field located in the North Sea off Norway.
The German Environmental Aid (Deutsche Umwelthilfe – DUH) has objected to the construction of a pipeline to connect the planned LNG terminal off Rügen in Germany and asked the responsible Stralsund Mining Authority to refuse the permit. According to DUH, the terminal, with a capacity of up to 38 bil
A carbon capture and sequestration (CCS) project located along the Texas Gulf Coast, has expanded its carbon dioxide (CO2) storage footprint.
