Dutch tank storage company Vopak has decided to acquire the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, and gain access to the Gunvor concession in the Antwerp port area, with an aim to sustainably redevelop the site to support renewable energy. The site’s size is some 105
Danish marine fuel supplier Monjasa and HØST PtX Esbjerg have signed a Commercial Collaboration Agreement (CCA) on logistics services and offtake of green ammonia for the maritime sector. Under the terms of the deal, Monjasa will provide logistics services that will enable the distribution of green
DNV, an independent expert in assurance and risk management, has been selected by South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) to assess the viability of blending hydrogen into the nation’s gas transmission network. According to DNV, the two-year proje
The Australian Petroleum Production & Exploration Association (APPEA) has called on the Federal Government to consider adding investment in new gas supply and emissions reduction measures in the 2023-24 Federal Budget, as well as to set up a national carbon capture utilization and storage (CCUS) roa
French-headquartered energy giant TotalEnergies has been awarded two offshore licenses to explore CO2 storage potential in the Danish North Sea.
The North Sea Chapter of the International Association of Drilling Contractors (IADC) is calling on the Scottish and UK Governments and the oil and gas industry to cooperate to better effect and ensure the sector takes a balanced, long-term approach to the energy transition. The move comes in respon
The court hearing for the controversial Bay du Nord offshore oil project was expected to kick off last week, however, this was not the case. What does this mean for the project? Is the hearing cancelled or just postponed until a later date?
US engineering company KBR has secured a contract to provide its green ammonia technology for a green ammonia project, called HyEx, in Chile. KBR’s K-GreeN technology has been selected by Enaex, a manufacturer and supplier of explosives and blasting agents, for the project that aims to demonstrate o
Abu Dhabi’s renewable energy company Masdar has opened a new office in Baku, Azerbaijan, to strengthen its support for the country’s renewable energy development. During the inauguration event for the office, located in Port Baku Tower, Masdar pledged to work with the goverment and other stakeholder
Smart Green Shipping, a systems design and engineering company based in Dumfries, has secured £ 1.35 million investment for its development of retrofit sails and technology for sustainable commercial ships. MOL Drybulk Ltd (MOLDB), a 100% owned subsidiary of Mitsui O.S.K. Lines, and Scottish Enterpr
Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
German offshore wind and hydrogen industry associations have called on the German government to strategically plan the first offshore green hydrogen production tender so it could be a stepping stone to the fast roll-out of further such projects, bringing large quantities of green hydrogen. In Januar
Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.
