Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m
Norwegian energy giant Equinor and French utility company Engie have decided to sign a joint development agreement (JDA) to progress their H2BE low-carbon hydrogen project to the next phase. Equinor and Engie first announced their 1 GW H2BE project, which aims to develop the production of low-carbon
Carnegie Clean Energy has made significant advancements on the development of MoorPower demonstration project, whose aim is to introduce a CETO-derived wave energy product for the aquaculture sector.
The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie
With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.
Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.
Mitsubishi Shipbuilding, a Yokohama-based subsidiary of Mitsubishi Heavy Industries, has completed a conceptual study for an ammonia bunkering vessel in collaboration with INPEX Corporation. The vessel will be capable of supplying ammonia fuel to ships and the project is being pursued amid the growi
Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover
In response to the rapid growth of the carbon capture and storage industry, UK’s North Sea Transition Authority (NSTA) has set up a dedicated carbon transportation and storage team. The team, which supplements NSTA’s established exploration and new ventures team, will oversee the delivery of offshor
Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.
U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor
Groningen-based shipping company ForestWave has completed the acquisition of Symphony Shipping and its fleet of eight Ecobox vessels. The transaction pushes its owned fleet to 24 units with a total of 248.197 dwat, including three newbuilding vessels that will be delivered in the next two years. One
In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris
