Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i
Belize may lift the offshore oil moratorium to allow exploration activity, including seismic testing in Belizean waters.
Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.
As a diverse and secure energy supply is more important than ever, the time to implement the EU’s strategy on marine renewable energy is now. Watch the Marine Energy session ‘Scaling-Up Marine Energy’ to follow the latest marine energy deployments and to explore opportunities to scale-up these ambit
Malaysia’s Petronas has taken a final investment decision (FID) to develop a carbon capture and storage (CCS) project offshore Sarawak.
ONE Trust, a 20,170 TEU containership owned by Japanese shipowner Ocean Network Express (ONE), is showcasing an innovative device installed on its bow, a wind deflector. The device has been installed at Qingdao Beihai shipyard in China during the vessel’s recent drydock. ONE Trust was built in 2017
Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f
After finding a gas leak, Australia’s Santos has temporarily shut down a platform and a subsea pipeline offshore Western Australia.
Westwood Global Energy has done a deep dive into the impact of the energy crisis on the energy transition to a sustainable, green future.
The Finnish–Swedish ferry operator Wasaline has been able to cut its CO2 emissions in half since the arrival of its new LNG-powered ferry Aurora Botnia over a year ago. The ferry entered service between Vaasa, Finland and Umeå, Sweden in the autumn of 2021. The Aurora Botnia is a 150-meter car and p
Norwegian state-owned energy giant Equinor has completed the drilling of a wildcat well in the Norwegian Sea but failed to find hydrocarbons.
Green hydrogen produced at the European Marine Energy Centre’s (EMEC’s) hydrogen production and tidal test facility has been used to fuel the ground test of a Rolls-Royce jet engine.
CGX and Frontera have wrapped up the preparations to spud an exploration well off Guyana upon arrival of the Noble-owned rig.
Japanese shipping company K Line has secured approval in principle from ClassNK for the design of its ammonia-fueled bulk carrier, paving the way for the company to take delivery of the vessel in 2026. The 200,000 deadweight ton class bulk carrier design is being developed by K Line in cooperation w
