The International Energy Agency’s (IEA) 31 members agreed to a new release of oil from emergency reserves in response to the market turmoil.
Indian Oil, Larsen & Toubro (L&T), and ReNew Power have formed the Green Hydrogen joint venture in a move to enable India’s decarbonisation push.
In order to contribute to global decarbonisation, Singapore has revealed the plan to join the Clydebank Declaration for Green Shipping Corridors launched at COP26 in November last year. With this move, Singapore will become the 23rd signatory to the declaration that aims to establish green shipping
Both government and commercial efforts are needed to speed up the transition to clean energy, since, as Shell says, the transition is not just about reducing CO2 emissions, but it is rather a political balancing act that needs government-led policies.
U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.
Environmental activists have blocked ten oil terminals across the UK, demanding a stop to new oil & gas projects and investments in the UK.
The world’s first carbon-free ammonia fuel bunker network is arriving in Scandinavia. Norwegian fertilizer company Yara International has pre-ordered 15 floating bunkering terminals from compatriot Azane Fuel Solutions, enabling the delivery of green ammonia fuel to the shipping industry.
Petrofac has been awarded a Floating Production, Storage and Offtake (FPSO) decommissioning deal by the Australian government.
There was a notable increase in zero-emission projects in the past year, according to the Getting to Zero Coalition’s third update of Mapping of Zero Emission Pilots and Demonstration Projects in shipping.
Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.
More time and deliberation are needed to reach the final merger agreement between Keppel O&M and Sembcorp Marine.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has completed a concept study of an ammonia/liquefied CO2 carrier to flexibly meet future transport demand.
Authorities in Hamburg are intensively examining locations for a floating LNG terminal in an effort to reduce dependence on Russian energy imports as quickly as possible.
Equinor has chartered one of Remøy Shipping’s PSVs, featuring a hybrid-electric system and shore power, boosting its decarbonisation efforts.
