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Transition

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Illustration; Source: QatarEnergy
Transition

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 2 years ago
Wood Mackenzie
Transition

WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

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Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

about 2 years ago
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Transition

CorPower Ocean’s wave energy device starts exporting power to Portugal’s grid

CorPower Ocean has completed the first steps of the commissioning program for its commercial-scale wave energy converter – the CorPower C4 – enabling the device to start exporting power to the Portugal’s grid.

about 2 years ago
NYK
Transition

World’s 1st LNG-fueled Panamax-class coal carrier starts operations

The world’s first LNG-fueled Panamax-class coal carrier, named Shoyo, has kick-started commercial operations after being bunkered with its first fuel at the beginning of October. The vessel was built by Japanese shipbuilder Oshima Shipyard for compatriot Nippon Yusen Kabushiki Kaisha (NYK) and Kyush

about 3 years ago
Wood Mackenzie
Transition

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 3 years ago
Illustration; Source: API
Transition

Are Gulf of Mexico vessel restrictions a boon for whales but a curse for America’s offshore oil & gas industry?

New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.

15 minutes read
DP World
Transition

DP World raises $1.5 billion for decarbonization

Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub

about 3 years ago
Pacific Basin
Transition

Pacific Basin expects limited dual-fuel methanol bulker orders for 2024

Hong Kong-based dry bulk shipping company Pacific Basin anticipates limited orders for dual-fuel methanol-enabled mid-size dry bulk vessels in 2024. As explained, these vessels are expected to primarily consume conventional fuel oil in the foreseeable future due to the limited availability and high

about 3 years ago
Jan De Nul puts world's first all-electric launch and recovery system to test
Transition

Jan De Nul puts world’s first all-electric launch and recovery system to test

MacArtney has delivered what it says is the world’s first all-electric launch and recovery system (eLARS) to Jan De Nul, supporting the company’s dedication to a sustainable energy transition. Jan De Nul utilized the eLARS on its offshore support vessel Symphony and the new cable trencher Swordfish.

about 3 years ago
Euronav
Transition

Euronav lifts option for ammonia-ready VLCC

Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The constr

about 3 years ago
Anchoring solutions provider selected for Ørsted's USVs
Transition

Anchoring solutions provider selected for Ørsted’s USVs

Anchoring solutions specialist Maxwell Marine has won a contract to design and supply a technical anchoring system for uncrewed surface vessels (USVs) for the world’s leading offshore wind developer Ørsted. The USVs will be used for offshore met-ocean measurement campaigns in the wind farm industry

about 3 years ago
Rendering of the floating liquefied natural gas solution which received AiP; Source: Bumi Armada
Transition

Bumi Armada unveils new FLNG concept in response to rising gas demand

Bumi Armada has received the American Bureau of Shipping’s approval in principle (AIP) for a new FLNG infrastructure solution.

about 3 years ago
Damen
Transition

Damen gets class and flag state approval for methanol-fueled workboats

Dutch shipbuilder Damen has won approval in principle for designs of methanol-powered compact vessels from the classification society Bureau Veritas and Dutch and Belgian flag authorities. The company said that it now offers designs for a wide range of methanol-powered workboats. The designs are a r

about 3 years ago
Offshore Energies UK (OEUK)
Transition

As UK’s offshore oil & gas industry slashes emissions, low-carbon era inches closer

OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.

about 3 years ago