Hong Kong-based dry bulk shipping company Pacific Basin has selected green methanol as the best fuel for its first generation of zero-emission vessels. The decision is based on the findings of a feasibility study the company conducted in cooperation with Nihon Shipyard Co. and Mitsui & Co. The study
Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR
US-based marine energy company C-Power has launched a program which offers organizations diverse opportunities at varying levels of resource commitment to bring ocean energy into their innovation roadmaps.
French and Belgian energy infrastructure operators GRTgaz and Fluxys Belgium have decided to launch a feasibility study for the cross-border hydrogen transmission network, following a market call that raised interest from 17 companies. GRTgaz and Fluxys Belgium conducted consultations in France and
Aker BP is preparing to make FIDs and submit plans for development and operations (PDOs) for several oil and gas projects by year-end.
Singapore-based energy solutions provider Sembcorp Industries has formed strategic partnerships with the Japanese government and various corporations to progress hydrogen and other decarbonisation initiatives. The collaborations were signed on 25 October on the sidelines of the Singapore Internation
ORPC Canada, a subsidiary of US-based company ORPC, has deployed its first RivGen hydrokinetic power system in Canada, which generates emission-free electricity from free-flowing rivers and tidal currents.
The discussion around the decarbonization of the shipping industry is moving into a new stage and the issue is no longer around whether to decarbonize, but rather how to decarbonize the sector as efficiently and sustainably as possible. The industry stakeholders know that they would need to transiti
The government of the Federal Republic of Germany has signed a five-year contract with the US-based liquefied natural gas (LNG) company Excelerate Energy to charter the floating storage and regasification unit (FSRU) Excelsior. The government chartered the FSRU to help provide energy security and su
An industry association representing European ocean energy sector, Ocean Energy Europe, has welcomed the new report which supports the European Parliament’s call for at least 5% of new renewable energy capacity to come from innovative renewable energy technologies.
Scottish marine energy company Orbital Marine Power has launched a tender for the geophysical survey services at the site located offshore Orkney Islands.
DNV has qualified Aker Carbon Capture’s modularized offshore facility, which is expected to cut emissions from oil and gas production.
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina
