ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.
BIMCO, the world’s largest shipping association, has called on states and the shipping industry to start a dialogue on how to create a global ruleset for market-based measures (MBM) to support the use of low carbon fuels and to create a level playing field for the industry.
Japan’s Mitsui has invested in Storegga Geotechnologies, the lead developer of the Acorn carbon capture and storage (CCS) project off the UK.
Subsea companies can find out how to leverage the opportunities in the floating offshore wind through a three-part webinar series organised by Subsea UK and the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE), beginning 9 March. Subsea UK is encouragi
The Swedish government has awarded four shipping companies with an environmental bonus for innovative and sustainable projects. Three of the four projects selected to receive eco-bonus operate services to and from Ports of Stockholm: AB Rederi Gotland won the bonus for changing from road cargo trans
Ireland-Wales Greenlink electricity interconnector has secured consent for a marine licence from Natural Resources Wales (NRW). The marine licence covers installation of the marine cable in UK waters. Greenlink said the approval by NRW is a major milestone and joins the onshore planning consents gra
Peter Mather, BP’s UK head of country and senior vice president for Europe, will leave BP at the end of the year and will be replaced by Louise Kingham.
Swedish-based international shipping company Stena has signed a $180 million loan agreement with KfW-Bank to finance two new E-Flexer RoPax ferries. The dup forms part of a series of nine new vessels ordered by Stena from China Merchants Jinling Shipyard (Weihai). The shipyard has already delivered
Italian shipping company Grimaldi has christened Eco Livorno, the third hybrid roll-on/roll-off (RoRo) unit of Grimaldi Green 5th Generation (GG5G) vessel class.
Government support for shore-power is essential to unlocking a triple-win of cleaner air, lower climate pollution, and smart 21st-century electricity grids in UK ports, new research found.
Following its recent unveiling of the ‘Tesla of the Seas’, British company Windship Technology has launched talks with interested parties from the shipping industry and investment circles to bring the true zero-emission vessel design into the market. “Significant ESG-focused investors are recognisin
Oilfield services provider Saipem has signed a collaboration agreement with Elkem to evaluate new opportunities in the entire CO2 capture and storage chain.
U.S. oil major Chevron has continued with its latest wave of investments in low-carbon and renewable businesses and technologies with the latest one going to a Swedish geothermal firm.
Baker Hughes and Akastor have announced an agreement to create a joint venture company, that will deliver an offshore drilling equipment offering.
