With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by $5.5 billion.
The Danish Energy Agency has received two applications in the tender for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark, launched at the beginning of 2025. The tender, opened on January 9, covers three areas near the Danish coast – Jammerbugt, Lisa and In
The maritime industry has witnessed the resurgence of engine retrofits to LNG marine fuel in 2024 as shipowners’ short-term solution for immediate carbon reductions amid strengthening regulatory requirements, Lloyd’s Register (LR) found in its latest Engine Retrofit Report.
Following the Office of the United States Trade Representative (USTR)’s late February announcement regarding new tariffs on Chinese-built vessels, shipowners and charterers have scrambled to assess the fallout as concerns over rising transport costs and potential trade route disruptions mount. “Amer
Polish multi-utility company ORLEN and Norwegian state-owned energy company Equinor have signed a collaboration agreement to explore opportunities for carbon capture and storage (CCS) technology in Poland. The scope of the agreement covers the transport and storage of CO2 in Poland, with the partner
The Dutch Port of Rotterdam and Belgian Port of Antwerp-Bruges have welcomed the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry, emphasizing that now is the time to concretize the announced measures.
Energy and marine consultancy ABL has expanded its operations to Namibia with the aim of supporting the local oil & gas market, as well as the country’s energy transition. The new entity will provide the company’s full technical service offering in energy and marine consulting, with a focus on marin
Associations representing the maritime industry have welcomed the European Commission’s new plan marrying climate action and competitiveness but highlighted the need for a much stronger effort from the EU to scale up the production of green fuels.
The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonization into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality
Denmark-based underwater technology specialist MacArtney has established a new office in Dubai, UAE, to expand its reach in the Middle East, North Africa (MENA), and India, aiming to enhance local support and drive regional growth. According to MacArtney, the move aligns with the company’s strategy
In response to ZEMBA accepting bids for its e-fuel-focused tender, Ship It Zero campaign has called on shipping companies and retailers to accelerate the use of e-fuels.
The European Union (EU)-backed TREASURE project has selected renewable energy company SolarinBlue, Rotary Wave start-up, as well as wave energy developer Eco Wave Power among the 52 companies to address environmental challenges in Euro-MED ports. The TREASURE initiative (Testing novel environmental
CORE POWER, NorthStandard and Lloyd’s Register (LR) have jointly published a report that sets out a policy framework for the UK government to support the deployment of advanced small nuclear reactors on commercial ships and floating nuclear power plants (FNPPs).
New nuclear reactor technology represents a once-in-a-generation opportunity for US industrial policy, Christopher J. Wiernicki, Chairman and CEO of class society ABS, believes.
