Dry bulk shipping company Safe Bulkers wants to gradually renew its fleet with modern designs compliant with the new environmental regulations. In line with those efforts, in October 2020, the company signed a deal to buy a Japanese-built, Kamsarmax class, 82,000 dwt, newbuild bulker with a schedule
The UK government has revealed its ambition to create 2 million green jobs by 2030 and has launched a Green Jobs Taskforce to help reach that goal as part of the government’s plan to build back greener and achieve net zero emissions by 2050. According to the official press release, the government ha
Total has signed a strategic framework agreement with ADNOC to explore joint research in the areas of CO2 emission reductions and CCUS.
New statistics unveiled by the UK government show the vast majority of people support the rapid growth of renewable energy projects throughout the UK.
The key economic, technical, and regulatory barriers to the early adoption of zero-emission technologies can be overcome by the first movers through collaboration, a new report developed by the Energy Transitions Commission for the Getting to Zero Coalition shows. The first wave of commercial-scale
Brazil’s offshore support vessel operator CBO has signed an agreement with the technology group Wärtsilä to convert one of its vessels to operate with hybrid propulsion. The CBO Flamengo will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, compliant with
Eni has set up a joint venture company named Vårgrønn together with Norwegian energy investor HitecVision, with offshore wind being the first item on the to-do list of the newly established business in which the Italian oil & gas major holds a 69.6 per cent stake. Namely, Vårgrønn’s first step will
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
Despite coronavirus-related challenges, European ports are on track with their environmental goals. Air quality, climate change and energy efficiency are firmly placed at the top of the league table of priorities, a new report shows.
Aker Solutions and Kvaerner have completed a merger whereby Aker Solutions has absorbed all the assets, rights and obligations of Kvaerner and Kvaerner has been dissolved. The two entities have joined forces to create a new supplier of solutions to reduce climate gas emissions from oil and gas insta
After several days of counting and anticipation, the United States of America have a brand-new President-elect – the Democratic Party candidate Joe Biden. With the White House now waiting for him, it is important to look at what a Biden win could mean to the oil and gas industry and the U.S. energy
Subsea UK has joined forces with Scottish Enterprise to launch a programme of practical support and workshops to help underwater engineering companies secure funding for research and development and innovation. Funding from UKRI (UK Research and Innovation) is worth around £6 billion per year but in
North Sea operator Chrysaor has submitted a licence application for the purpose of storing CO2 in a depleted reservoir in the North Sea off the UK.
Ørsted and the multinational oil and gas major bp have agreed to jointly develop a potential large-scale renewable hydrogen project in Germany powered by offshore wind. The project, which is expected to be operational in 2024, will comprise a 50 MW electrolyser system installed at bp’s Lingen Refine
