Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.
A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will
Canada’s Cellula Robotics has commenced sea trials of its extra-large unmanned underwater vehicle (XLUUV), featuring hydrogen fuel cell technology. The initial sea trials of the Solus-XR XLUUV are designed to evaluate surface performance and autonomy, said to offer a valuable opportunity to assess t
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c
The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det
Egyptian President Abdel Fattah El- Sisi signed the law of the concession for Container Terminal 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s terminal brand APM Terminals. The contract includes financing, design, development, managemen
TotalEnergies has held an inauguration ceremony for a gas and condensate field, which recently came on stream in the Caspian Sea.
Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven
Researchers from the National Renewable Energy Laboratory (NREL) and Pacific Northwest National Laboratory (PNNL) have developed a more comprehensive and accurate methodology to measure the wave energy available in ocean sites around the world.
Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.
An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and cust
