The deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, says Wood Mackenzie.
Earthjustice has urged Biden to put a stop to new drilling and ongoing fossil fuel extraction on U.S. federal lands and offshore territories.
Japanese shipping major NYK has concluded investment and strategic alliance agreements with PT Pertamina International Shipping (PIS), a shipping subsidiary of Indonesian state-owned oil and gas company PT Pertamina (Persero). NYK and PIS reached an agreement in principle on the investment back in O
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition towa
Total capital expenditures (capex) for oil and gas exploration in Africa rose from $3.4 billion in 2020 to $5.1 billion in 2022.
The largest ocean-going vessels, which are the largest polluters, can reap the greatest benefits from the new nuclear power technologies, according to Mikal Bøe, CEO of London-based Core Power.
Wind-assisted propulsion provider Anemoi Marine Technologies has extended the lease for their land-based Rotor Sail test facility at the Port of Blyth, the UK. The port, which is a major offshore energy support base, has hosted Anemoi’s test facility for 10 years. The location obtains similar wind c
Infrastructure operator Fluxys Belgium is increasing its transmission capacity with the construction of a new dual-purpose pipeline between Desteldonk and Opwijk, which also marks its first strategic investment for hydrogen transport in Belgium. This is the second pipeline between Desteldonk and Opw
During the session ‘Future Proof’ industry experts from the offshore energy sector share their visions on the market and the future. Topics like cyber security, a sustainable implementation of hydrogen and nature enhancement and sustainable business decisions for the supply chain on the table. Marjo
“We must do everything in Europe to become independent from fossil imports as soon as possible. We must accelerate the transition to a sustainable and climate-neutral energy supply”, says Manon van Beek, CEO of TenneT. During the conference session ‘The Executive Outlook’ industry leaders each take
In this session, Monty Schebesta, Pascal Marcus and Sibel Gökbekir, three students of Energietalenten, share their vision on the energy transition now and in the future. Within the Energietalenten community, the students build an active network of energy professionals in which there is ongoing colla
A preliminary agreement has been reached between the EU’s top three institutions to include greenhouse gas emissions from the maritime sector in the EU Emissions Trading System (ETS). The tentative deal was struck on Tuesday evening, and it leads to several milestones such as the inclusion of methan
Swedish shipping company Terntank is continuing its journey towards fossil-free operation with an order for two plus two new wind assistance and methanol-ready tankers. On 29 November, the company said it placed an order for the 15,000 dwt tankers at China Merchants Jinling Shipyard, Yangzhou. The v
Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i
