A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.
The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per
Singapore-headquartered offshore marine service contractor Kim Heng has signed a memorandum of understanding (MoU) with the newly incorporated government-linked Singapore Energy Interconnections (SGEI) to cooperate on submarine power projects. As part of the non-binding MoU signed on June 9, the par
A new strategic roadmap for creating Australia’s first clean fuel bunkering hub in the Pilbara has been launched to enable the use of alternative marine fuels such as ammonia.
French marine renewables consultancy Innosea is rebranding as OWC, finalizing its integration into the ABL Group’s global renewable energy advisory unit. The move consolidates Innosea’s research and development (R&D) and engineering capabilities under the OWC name, while structural, hydrodynamics, a
The European Investment Bank (EIB) is supporting the construction of the first submarine electricity interconnection between Spain and France with €1.6 billion, in a push to improve the reliability of power supply among France, Spain and Portugal and with the rest of Europe. Delivered by Inelfe, a j
Fugro has appointed Niels Schallenberg as Group Director Europe & Africa, effective July 1, following Erik-Jan Bijvank’s decision to step down from the position in order to pursue opportunities outside the company. The Dutch company reported last month that Bijvank was stepping down from the positio
Clarksons Green Transition service, an in-house advisory offering by shipbroking and maritime services company Clarksons, has expanded to include liquified CO2 (LCO2).
Liquefied natural gas (LNG) can play a key role in speeding up Asia’s transfer from coal to more renewable sources in power generation and help the region–and consequently, the world–meet its decarbonization objectives, a new study by S&P Global Commodity Insights (SPGCI) has found.
U.S.-headquartered technology player SLB has unveiled a full value chain carbon storage toolbox to enhance the advancement of the industrial decarbonization journey.
The carbon capture and storage (CCS) sector is approaching a ‘decisive’ turning point, with global capacity on track to grow fourfold by 2030, Norway’s classification society DNV has highlighted in a new report. Up to the end of the decade, DNV has shared in its “Energy Transition Outlook: CCS to 20
Equinor has been offered an exploration license for CO2 storage in the North Sea, marking the eighth time acreage has been awarded for this purpose on the Norwegian Continental Shelf (NCS).
Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.
A new independent matchmaker service for verified Environmental Attribute Certificates (EACs) has made its foray into the market with the goal of supporting companies in reducing their Scope 3 emissions across their supply chains. As disclosed, Carboninsets was created and launched to ‘unite’ cargo
