TFG Marine, a joint venture bunker company, launched by Trafigura, Frontline Ltd, and Golden Ocean Holdings earlier this year, is planning to transition to lower carbon fuels as it marks rapid business growth. The JV was announced back in 2019, with Golden Ocean and Frontline acquiring 10 percent an
On 9 December 2020, the European Commission presented its new mobility strategy, charting a course for shipping and the rest of the EU transport sector out of the COVID-19 crisis.
Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light.
Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or constr
Italian oil and gas giant Eni and oilfield services provider Saipem are entering into a collaboration for decarbonization projects in Italy.
The U.S. oilfield services sector has lost 91,680 jobs due to the effects of the Covid-19 pandemic, according to a monthly report compiled and published by trade group Petroleum Equipment & Services Association (PESA).
Global demand for offshore helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows.
German container shipping company Hapag-Lloyd has raised its earnings forecast amid better than expected business performance. For the 2020 financial year, earnings before interest, taxes, depreciation and amortisation (EBITDA) of €2.6 to 2.7 billion, from the previously announced €2.4 to 2.6 billio
Australian major Woodside is on the search for a new CEO following the decision by Peter Coleman to retire in the second half of 2021.
Norwegian energy major Equinor and German utility RWE have joined the NortH2 green hydrogen project in the Netherlands. NortH2 aims to produce green hydrogen using electricity from about 4 GW of offshore wind off the coast of the Netherlands by 2030, and 10+ GW by 2040. The project was launched in F
The development of the Marine Energy Test Area (META) project in Pembrokeshire has made significant progress under the guidance of the European Marine Energy Centre’s (EMEC) know-how.
Australian company Transborders Energy has lined up the country’s national science agency and Japanese firms to work on a plan to capture carbon dioxide, liquefy it, and transport to a site offshore Australia to be injected under the seabed.
The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of the North Sea and end existing production by 2050.
The UK Crown Estate has set a target to become a net zero carbon business by 2030 and outlined its commitments to reach this goal, which include optimising the green energy potential of the UK’s offshore renewable energy resources. The move has come as the Crown Estate wants to align with the 1.5°C
