ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.
South Korea’s Ministry of Oceans and Fisheries (MOF) has unveiled a whopping 14 trillion KRW (circa $9.78 billion) investment plan to upgrade the Port of Busan by 2045 aiming to achieve the world’s largest container handling capacity and establish the port as a “leading” logistics hub in the region.
Canadian Wave-powered desalination innovator Oneka Technologies and Chile-based Asfalcom have signed a memorandum of understanding (MoU) to deploy wave-powered desalination technology at Asfalcom’s production facility in Chile, marking a first for industrial water users in South America. According t
Cenex, the UK’s center of excellence for low carbon and fuel cell technologies, has joined the Maritime Battery Forum (MBF), a community that aims to promote new and efficient energy storage technologies in the maritime industry.
SENAI CIMATEC, in partnership with Shell Brasil, Petrobras, and Sonardyne, has inaugurated the world’s first production plant for on-demand ocean bottom nodes (OD OBN), a seismic technology poised to revolutionize oil reservoir management, particularly in Brazil’s pre-salt region. Located at SENAI C
Renewable energy developer Madoqua and its industry partners have formalized plans to operationalize a green fuels corridor connecting Portugal with Northern Europe.
China’s tanker major COSCO Shipping Energy Transportation (CSET) has established a new subsidiary centered around LPG fleet development and hydrogen-based new energy business.
The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is
The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On
UK-headquartered Subsea Technology & Rentals (STR) has entered into an investment deal with STAR Capital Partnership as part of its growth strategy. STAR Capital Partnership has become STR’s new majority shareholder, with the investment set to enable the UK firm to further evolve its equipment and s
The Dutch Marine Energy Centre (DMEC) has unveiled a market report forecasting that tidal and wave energy could anchor Europe’s green transition and bring billions in market value by 2050, however, there are certain challenges that need to be surpassed for them to reach their potential. Leveraging h
The Netherlands-based energy infrastructure firm VTTI has launched an open season for ammonia storage and ammonia cracking capacity at its terminals in Rotterdam and Antwerp.
The UK’s National Subsea Centre (NSC) and PlanSea, a spin-out company from Robert Gordon University (RGU), have secured a grant to develop a subsea decommissioning optimization software demonstrator with artificial intelligence (AI) technology. The partners, which have collaborated for many years to
Glander International Bunkering, in collaboration with SK Trading, has arranged a supply of B24 biofuel in Singapore.
