The Guyana 2022 licensing round has been launched, offering 14 blocks for bids in the shallow and deepwater areas.
Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game?
Gas price caps would decrease the incentive for exploration in Australia and risk security of long-term supply, says report.
Countries seem to be prepared to phase out shipping’s emissions by 2050, based on the first rounds of technical talks at the UN’s maritime regulator International Maritime Organization (IMO). Furthermore, support appears to be building for the IMO to also adopt an ambitious 2030 interim target for c
Danish Shipping, Methanol Institute, and World Shipping Council are calling for increased ambition in the FuelEU, maximising GHG intensity reduction from 2035 to 2050 and supporting early use of green e-fuels. The FuelEU Maritime proposal requires ships to reduce the GHG intensity of their fuels by
The maritime industry must take immediate collective action on an unprecedented scale to bring the decarbonization of the industry closer to the Paris 1.5°C trajectory, according to Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. International and domestic shipping uses approximately 12.6 EJ
UK’s Unite the union has confirmed that hundreds of offshore workers have decided to down their tools and take industrial action.
IMO’s new Carbon Intensity Indicator (CII) regulations will not help the environment and may actually lead to higher rather than lower emissions, German dry bulk carrier owner and operator Oldendorff Carriers said. The company released a study that delves into the rating scheme pointing to examples
Environmental group Friends of the Earth has filed a legal challenge against the UK’s government decision to approve $1.15 billion of financing for the Mozambique LNG project led by French energy major TotalEnergies. The move comes after the judicial review, brought by Friends of the Earth, ended up
The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei
BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.
Science Based Targets initiative (SBTi) has launched the world’s first framework for shipping industry companies to set near- and long-term science-based targets.
DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.
Valeura Energy is extending its portfolio offshore Thailand, after entering into a sale and purchase agreement (SPA) with Mubadala Petroleum.
