Italian energy company Eni has joined the ocean energy industry body Ocean Energy Europe, taking up a seat on the board of directors as a lead partner.
Singapore-based shipping and trading company Petredec Holdings (Eastern) has signed a contract for the construction of up to six 93,000 cbm LPG carriers with dual fuel LPG propulsion at Jiangnan Shipyard in China.
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
The technology group Wärtsilä has signed a Memorandum of Understanding (MoU) with UK-based Anemoi Marine Technologies for the future sales and servicing of rotor sail solutions to the shipping industry. Rotor sails, also referred to as ‘flettner rotors’, are comprised of vertical cylinders which, wh
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
Wave energy developer Eco Wave Power has inked an MOU with Msmart Future Technology with plans to develop a 50MW wave energy array in Vietnam. The two companies will execute this collaboration in milestones. Specifically, in the first phase, the Eco Wave Power engineering team, will perform an in-de
The Republic of Korea and the International Maritime Organization (IMO) have signed an agreement to establish a four-year training programme to support developing states to reduce greenhouse gas (GHG) emissions from shipping.
With the energy transition well underway not only in the energy production area, but in almost all other industries, the shipping sector also needs to be looking at what fuels will be used to power the ships in the near future. Naval Architect Harry Linskens from DEKC Maritime has discussed efficien
Food corporation Cargill and design and engineering consultancy services provider BAR Technologies have embarked on a strategic project with naval architect Deltamarin to bring wind propulsion technology to commercial shipping.
Subsea services company Oceaneering has appointed Ben Hooker as director of business development – Renewables. Hooker is accounting and finance manager with sales and business development background within the upstream oil and gas; defense, marine and renewable energy sectors. He most recently serve
Japanese shipping major Nippon Yusen Kaisha (NYK) has taken delivery of Sakura Leader, the first large LNG-fueled pure car and truck carrier (PCTC) built in Japan.
Julian Manning, CEO of Paradigm Group has shared his insights on how we can improve on energy loss during its actual production and what role fossil fuels will play for energy transition. Manning highlighted that energy waste is potentially the biggest source of energy during the current transition.
Francisco Boshell, Renewable Energy Markets and Standards Analyst, IRENA, shared his views on the role of oceans as a sustainable resource supporting the global energy transition. Offshore renewables are the key to reach our climate and sustainable goals, according to Boshell, who highlighted offsho
