Subsea7 has secured a contract worth over $1.25 billion with Brazilian oil & gas giant Petrobras for a field located at 2,000 meters of water depth off the coast of Rio de Janeiro. Under the contract defined as “super-major”, Subsea7’s scope includes engineering, procurement, fabrication, installati
International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,
With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to b
Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U.S., through its subsidiary MOL (Americas), even as tariffs continue to roil global trade and challenge the shipping sector.
High levels of barnacle biofouling on underwater hulls across the global shipping fleet can significantly drag down decarbonization efforts and increase fuel costs, a new study found.
Scottish wave energy company Mocean Energy’s Blue Horizon project is progressing through detailed design work, final testing, and preparations for manufacturing and offshore deployment as part of the EuropeWave Phase 3 program. According to EuropeWave, the company is advancing the detailed design of
The next decade will be crucial for determining the role of nuclear power in the maritime industry. While holding the potential to significantly contribute to the decarbonization of shipping and port operations, nuclear power still needs a comprehensive and secure framework to be implemented, accord
India and the Netherlands have laid the groundwork for setting up a green and digital maritime corridor between the Port of Rotterdam and Indian ports.
Almost two-thirds of companies in Scotland’s clean energy supply chain are investing in skills, capabilities, and facilities to prepare for growth in the renewable sector over the next three to five years, according to new data from Scottish Renewables. The findings come from the trade body’s sixth
Classification society Bureau Veritas Marine & Offshore (BV) has announced its participation in NavHyS, a new European research project aimed at advancing the use of liquid hydrogen (LH2) as marine fuel – specifically focusing on below-deck Type C LH2 tanks for service operation vessels (SOVs).
Italy-headquartered Rosetti Marino has secured an engineering, procurement and construction (EPC) contract valued at over €300 million for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. The contract for the Liverpool Bay CCS project covers the
Energy and chemical company SK Incheon Petrochemical, a subsidiary of South Korea’s conglomerate SK Group, has launched the first domestic production and supply of B30 biofuel for the shipping sector.
The global blue economy business and investment organization World Ocean Council (WOC) and the Netherlands-based Oceanovation have formed a strategic partnership aimed at accelerating sustainable and regenerative solutions across the blue economy. According to Oceanovation, the collaboration will fo
Norwegian shipping company Solstad Offshore has secured multiple contracts with Brazilian oil & gas company Petrobras for two anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV). The new contracts for the AHTS vessels have a duration of four years each, whereof one in
