European governments’ efforts to balance the security of the energy supply and climate change materialised in the form of a plan, which is expected to reduce its dependence on Russian fossil fuels and fast forward the green transition.
PGNiG has inked a deal with Wellesley Petroleum to expand its footprint offshore Norway by acquiring a stake in an Aker BP-operated field.
The world’s largest cruise company Carnival Corporation has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a nonprofit, independent R&D centre, on its journey to zero-emission ship operations.
DekaBank, the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), has become the latest financial institution to join the Poseidon Principles framework for responsible ship finance.
Chinese subsea cable manufacturer ZTT Submarine Cable & System has revealed its commitment to the Science Based Targets initiative (SBTi), setting emissions reduction targets. ZTT announced it had committed to the SBTi Net-Zero Standard and will set a robust emissions reduction target at the pace an
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
UK oil & gas operators are expected to pay over $9.6 billion in taxes in 2021, which represents a 20-fold increase worth $346 per household.
The 150 GW of offshore wind capacity pledged to be reached by 2050 by Belgium, Denmark, Germany, and the Netherlands under the Esbjerg Declaration, signed on 18 May at the North Sea Summit, will contribute to large-scale onshore and offshore production of green hydrogen, one of the focal points of t
CorPower Ocean has spoken at the Swedish Parliament to build awareness of the future potential of wave energy amongst the nation’s policy makers.
A new report commissioned by the International Chamber of Shipping (ICS) indicates that the global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use.
K Line and Daito have started the operation of the K Line’s first dedicated finished vehicle terminal powered by renewable energy.
Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.
The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f
Woodside has revealed that its shareholders have endorsed its plan for the merger of BHP’s petroleum business portfolio with Woodside.
