A feasibility study has been initiated for a new electricity subsea interconnector project that will link the South Caucasus region to the synchronous grid of Continental Europe, with the purpose of strengthening energy security in Europe.
The world’s rapidly growing fleet of ships that can burn liquefied natural gas (LNG) is at risk of financial losses of $850bn by 2030, according to a new study by UCL Energy Institute researchers. Namely, 65% of the newbuilding deliveries by 2025 is capable of running on LNG as a marine fuel, up fro
The Canadian Province of Nova Scotia will auction off 5 GW of offshore wind energy by 2030, starting in 2025, with an ultimate aim to support green hydrogen production. This is the first concrete move toward planned offshore wind development in the country which has seen significant activity in the
The NSTA says that the UK oil & gas industry is making progress on emission reduction targets but more will be required to reach 2030 goals.
Container shipping major Maersk has voiced support for the Clean Shipping Act, the first stand-alone legislation in the U.S. that aims to address pollution from the shipping industry. The bill was introduced into the U.S. Congress in July 2022 by Congressman Alan Lowenthal who represents the Port of
With additional funds from the Netherlands, the UN may be able to start the salvage operation to prevent a major oil spill in the Red Sea.
Decarbonization of shipping and new environmental regulations in the next decade combined with geopolitical issues and workforce and skill shortages have emerged as the top three issues dominating maritime leaders’ agendas. These are the findings of the fifth annual Global Maritime Issues Monitor jo
Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.
Ocean Energy Europe, along with 10 other renewable energy industry bodies, has sent a joint letter to European Commission, arguing that the Innovation Fund’s third call must recognize the full decarbonization potential of renewables.
Germany’s government revealed plans to upgrade ports of Rostock and Lubmin in Mecklenburg–Western Pomerania state into energy ports, supporting the country’s energy security strategy.
Oil and gas major Shell has restarted production at its Prelude floating liquefied natural gas (FLNG) facility offshore Western Australia after reaching an agreement with the Australian Workers’ Union and Electrical Trades Union. “Cargoes have resumed from Shell’s Prelude FLNG facility and productio
Amogy, the US-based ammonia power solutions company, has received approval in principle (AiP) from classification society Lloyd’s Register.
The marine industry is moving too slowly in relation to decarbonisation, held back by a lack of regulations that would incentivise a quicker pick-up of synthetic fuels, MAN Energy Solutions’ Chief Sales Officer Wayne Jones has warned. Jones believes that without further action, global shipping might
A new report outlines challenges for the long-term energy transition outlook as the global energy crisis unfolds.
