A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar
Singapore-based shipping company Swire Shipping has joined the Global Maritime Forum, an international not-for-profit organization for the global maritime industry, as an official partner.
French president Emmanuel Macron has announced commercial tenders for tidal stream as part of the French energy strategy update (PPE), saying ‘we have to be at the top of our game in tidal stream’.
WinGD will carry out the first commercial installation of its new variable compression ratio (VCR) technology on two new dual-fuel LNG-powered vessels being built for Japanese shipping company NYK Line.
The Shimonoseki Shipyard of Mitsubishi Heavy Industries hosted today the naming and delivery ceremony for a demonstration test ship intended for transportation of liquefied carbon dioxide (LCO2). The ship will be used for carbon capture and storage (CCUS) demonstration projects being conducted by Ja
In an interview with Offshore Energy, the founder and head engineer of Slovenia-based wave energy company Sigma Energy, Mile Dragic talked about the development of wave energy technology, demonstration projects, future plans and the challenges of working in an emerging renewable energy industry.
Report: Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net-zero scenario.
French company Grain de Sail, a fully integrated operator for wind-propelled maritime transportation, revealed plans to launch a new sail-powered shipping line between Saint-Malo in France and Southampton in the UK.
International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has released a roadmap that outlines a comprehensive strategy that will help to drive the global development of ocean energy.
Petrobras’ new five-year strategic plan outlines that oil and gas will be given the biggest slice of its $102 billion investment pie.
Copenhagen-based technology provider specializing in maritime safety and sustainability Danelec has acquired New York-based maritime technology company Nautilus Labs. “With the acquisition of Nautilus Labs’ AI-based technology platform, we are looking to broaden our scope of impact. Not only do we g
The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.
In the ongoing contest for control of South Korean shipping line HMM, Dongwon Group and Harim Group have emerged as the primary contenders, narrowing down the field in this maritime competition. Previous reports indicated that four companies from South Korea were in the bidding race including, SM Gr
