Denmark’s Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, has signed a memorandum of understanding (MoU) with Korea’s LOTTE Chemical Corporation to strengthen collaboration on clean ammonia projects. Under the MoU, the two companies will discuss and finalize agreements
Four new partners have joined the Offshore Renewable Energy (ORE) Catapult’s joint industry project (JIP) to develop seabed mobility guidance for the offshore renewable sector. The 18-month project has doubled in number of partners, with National Grid, Ørsted, Vattenfall, and BP now joining RWE, Sco
The consortium behind the Nautical SUNRISE project has started work to develop the world’s largest offshore floating solar power installation. The €8.4 million project, supported by €6.8 million of the Horizon Europe program, started in December 2023 to execute research and development on offshore f
South Korea’s national flagship carrier HMM has forged a strategic partnership with Germany’s transport and logistics company Hellmann Worldwide Logistics that will see Hellmann becoming an official participant of HMM’s Green Sailing Service.
The Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. To this end, World Energy GH2, the developer of Project Nujio’qonik, and Export Development Cana
Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th
Swedish hydrogen fuel cell provider PowerCell has joined H2Marine, an EU project aimed at developing innovative hydrogen solutions with a focus on developing and testing fuel cells specifically for marine applications. The project entails a comprehensive process of design, development, testing, and
Shell has revealed its latest outlook on the global demand for LNG, predicting a rise in demand of more than 50% by 2040.
While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.
Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the off
Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting
Danish technology company Topsoe has signed an engineering agreement with the South Korean industrial supplier of hydrogen Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology. Specifically, Topsoe said the company will deliver its technology to Approtium’s project in
OE spoke with Charlie Grey, Tankers International’s CEO, on how its members are doing business amid the decarbonization and digital transformation.
Clean energy solutions provider Gentari, through its subsidiary Gentari Hydrogen, has signed a heads of agreement (HOA) with SEDC Energy (SEDCE) for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, Malaysia. The agreement for the production hub, to be known as the
