Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.
The Petroleum Safety Authority Norway (PSA) has completed an audit of the joint venture behind the Northern Lights carbon capture and storage project (CCS) and some of its elements. The PSA conducted an audit of the Northern Lights joint venture and the follow-up of pipelines and subsea facilities i
Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the transaction scope at eight or n
The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.
Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t
The California State Senate has unanimously approved a bill that aims to put the state on the path to developing wave and tidal energy as a new source of renewable energy that will help meet its carbon-free targets while bolstering the power grid.
Oil and gas major ExxonMobil has signed an agreement to supply German liner major Hapag-Lloyd with B30 marine biofuel oil in the Amsterdam-Rotterdam-Antwerp (ARA) region. Biofuel is an important part of Hapag-Lloyd’s sustainability journey as biofuel blends can give a meaningful contribution to deca
Dutch shipping company Future Proof Shipping (FPS) has launched the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1, in Rotterdam, the Netherlands. The official launch of H2 Barge 1 took place in Rotterdam on 25 May. Future Proof Shipping’s zero-emissions 110m x 11.45m inland
The cruise industry is pushing forward with the uptake of alternative fuels as part of its decarbonization efforts, with 65 percent of the current orderbook being capable of running on alternative fuels, data from Clarksons shows. What is more, the focus of the newbuilding intertest has shifted to s
OEUK has outlined that the recently offered carbon storage licences signify the UK could bury 30 million tonnes of CO2 a year by 2030.
New York has launched a $10 million solicitation for clean hydrogen research, development and demonstration projects, including clean hydrogen production and integration with renewable energy such as offshore wind. The U.S. state’s aim is to address the challenge of replacing fossil fuel usage in ha
The global floating solar market is expected to pass the 6GW threshold by 2031, with the Asia-Pacific region showing highest demand, according to the analysis from Wood Mackenzie.
Eni and Sonangol have joined forces to identify and assess opportunities in the areas of the energy transition.
