The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.
The partners behind the Aphrodite Reservoir in Cyprus have submitted an updated plan for the development of the project to the country’s government, said to include a change to the fundamental project concept of the approved development and production plan. Chevron Cyprus, BG Cyprus, part of Shell,
Technology and engineering group Sener has completed the conceptual design of a new model of sustainable tanker that can carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and can also store the captured CO2 from nearby vessels. According to Sener, the
A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr
In what was described as a significant milestone, Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed agreements to award three hydrogen projects to be developed in the Sultanate. The agreements were signed today, 1 June, as a result of the first round of Hydrom’
Ulrik Uhrenfeldt Andersen, the CEO of Golden Ocean Group, revealed his decision to step down from the position after leading the company through a period of immense growth and environmental transformation. GOGL’s board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to
Italian cabling giant Prysmian Group is set to invest around €120 million in its plant in Pikkala, Finland, in order to further increase the production capacity of 525 kV HVDC submarine cable systems. New vertical continuous vulcanization (VCV) lines at the Finnish plant are expected to more than do
BalticSeaH2 project – a large-scale cross-border hydrogen valley gathering 40 partners from nine Baltic Sea region countries – with production potential for hydrogen to reach 100,000 tonnes annually, is ready to kick off. BalticSeaH2, prepared by Finnish CLIC Innovation as the project coordinator an
Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin
The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland,
Norwegian offshore vessel owner Eidesvik Offshore has entered into agreements with two separate parties for the sale of its three seismic vessels. In a statement issued on 1 June, Eidesvik reported that it was selling the seismic vessels Veritas Viking, Vantage and Viking Vision to two separate buye
United European Car Carriers’ (UECC) state-of-the-art LNG dual-fuel vessel Auto Energy has completed its first LNG bunkering operation in the Mediterranean. According to UECC, a provider of sustainable short sea ro-ro transportation in Europe, the operation took place in the port of Sagunto, Spain,
Luxembourg and Portugal have signed a declaration of cooperation on renewable energies, including the development of a renewable hydrogen corridor between the two countries. During his visit to Lisbon, Luxembourg’s Minister of Energy, Claude Turmes, signed the declaration with his Portuguese counter
Chinese oil and gas company CNOOC Limited has commissioned what is said to be China’s first offshore carbon capture and storage (CCS) demonstration project. The CCS project, officially commissioned on 1 June, is an auxiliary part of the Enping 15-1 oilfield development and can store more than 1.5 mi
