The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to
Shell and Petrobras have joined forces to embark on a quest to unlock new upstream and energy transition opportunities.
UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.
The 2MWp floating solar plant in Albania, developed by Europe’s largest renewable energy generator Statkraft, has started producing renewable energy and injecting it to the Albanian electricity grid following the installation of three new floaters.
AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares. According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enable
SINN Power, a German-based developer of floating renewable energy platform solutions, has put forward a plan to build a floating solar power plant in Eching am Ammersee, south-east Germany.
Houston-based electrofuel (eFuel) company HIF Global has selected German technology major Siemens Energy to supply electrolyzers to new eFuel facility in Matagorda County, Texas. To this end, the companies have reached an agreement which would allow Siemens Energy to expand its electrolyzer manufact
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
In line with its decarbonization efforts, the Maritime and Port Authority of Singapore (MPA) is mandating for all harbor craft to become fully electric, capable of using B100 biofuels or be compatible with net zero fuels such as hydrogen by 2030. In addition to slashing emissions, switching from die
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo
A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.
Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has
The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has submitted a plan to Dutch MPs Bontenbal, Boucke, and Erkens to kickstart the electrolyser manufacturing industry and thus accelerate the hydrogen economy. According to the Port of Rotterdam, the plan, which ensures that the
