The International Maritime Organization (IMO) has approved a number of measures aimed at cutting the shipping sector’s carbon emissions in the next decade. The measures adopted at the IMO’s Marine Environment Protection Committee (MEPC) taking place virtually from 16-20 November included amendments
Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.
Marine industry experts from Portugal and Canada are staging a special ‘blue economy’ conference to spark transatlantic business growth.
Japanese engineering major Mitsubishi Heavy Industries (MHI) is set to issue a $239 million (JPY 25 billion) green bond on November 24 as it aims to raise funds to support the decarbonization challenge. MHI revealed its green bond issuance plans at the end of October saying the funds raised would ta
Ocean Power Technologies (OPT) has secured a contract for DeepStar project to study the deployment and operational requirements of using its PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production.
Rumour has it that the European Commission is considering a massive increase in installed offshore renewable energy capacity by 2050, with as much as 300 GW of offshore wind, and 60 GW of ocean energies to be in place by that time. According to media reports from Reuters and Euractiv, a draft of the
MacArtney Group has appointed Phil Middleton as new managing director for its UK operations.
In a bid to accelerate the transition to sustainable energy production, Aker Solutions has launched a call to action urging industry, authorities, and society to work together to achieve common goals.
Norwegian energy giant Equinor has invited contractors to show interest for a pre-qualification process related to the Horizontal Directional Drilling (HDD) works for the landfall of CO2 pipeline as part of the Northern Lights project.
U.S. Congress members from New York State, Jerrold Nadler and Nydia M. Velázquez, have sent a letter to New York Governor Andrew Cuomo in support of the Empire Wind offshore wind project, more specifically its Port Infrastructure Improvement Plan (PIIP) which would set up an offshore wind hub at the
Pacific International Lines (PIL) is seeking protection from the Singapore High Court from winding-up or enforcement orders as it tries to get its noteholders on board with a comprehensive restructuring plan. Under the plan, Singapore’s container shipping major is vying for fresh financing from Heli
The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group.
Navingo has recently organised its 13th, but also the first virtual edition of Offshore Energy Exhibition and Conference (OEEC 2020), creating a perfect opportunity for people working in the offshore energy industry to establish new business relationships and maintain existing ones. The content-pack
