International port stakeholders gathered last week in Hamburg and signed a declaration on the decarbonization of global shipping.
Denmark-based marine fuels supplier Bunker One has set up a new entity, Bunker One LNG BV, that will manage the physical LNG fuel portfolio, with plans to commence the first deliveries in northwestern Europe as of January 2025. Through the newly established entity, Bunker One will expand its current
ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li
Baker Hughes has pooled resources with Spain’s Repsol to bring new artificial intelligence (AI) processes and workflows into play to unlock further improvements in the oil and gas production arena.
Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana
A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra
Myclin Express Offshore (MEO Group) and South Korea’s Taihan Cable & Solution have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects. Together, MEO Group and Taihan plan to foster collaboration on offshore wind projects, especially in South Korea, with the deploymen
The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.
Singapore’s Energy Market Authority (EMA) and Korea Gas Corporation (KOGAS) have penned a memorandum of understanding (MoU) to expand their cooperation in the liquefied natural gas (LNG) arena.
U.S. energy giant ExxonMobil has secured access to over 271,000 acres of offshore CO2 storage in Texas state waters, said to be the largest of its kind in the U.S., through a lease with the Texas General Land Office (GLO). This is said to add significant storage potential to ExxonMobil’s carbon capt
Japanese companies Sumitomo Corporation and Kawasaki Kisen Kaisha (K Line) have signed a joint study agreement with the U.S.-based oil and natural gas producer Hilcorp to explore carbon capture and storage (CCS) opportunities in Alaska. Under the agreement, the three companies will conduct a feasibi
The United States Maritime Administration’s (MARAD) Office of Environment and Innovation has selected ABS to establish and maintain the U.S. Center for Maritime Innovation under a five-year cooperative agreement.
The onboard carbon capture and storage (OCCS) technology has the potential to help maritime transport significantly reduce its greenhouse gas emissions; however, many challenges still need to be addressed, a new study has shown.
UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor
