Search results for: IEA

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  • MPA, IEA strengthen ties on shipping decarbonization and digitalization

    18 April 2024
    Collaboration, Transition

    The Maritime and Port Authority of Singapore (MPA) and the International Energy Agency (IEA) have signed a Memorandum of Understanding (MoU) to deepen the partnership between the two organizations and accelerate maritime decarbonization and digitalization. 

  • IEA: Oil in transit reaches record highs due to shipping disruptions

    18 March 2024
    Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Shipping disruptions through the Red Sea are pushing the amount of oil in transit to record levels, according to the latest International Energy Agency (IEA) Oil Market Report (OMR).

  • IEA-OES unveils international roadmap for 300GW of ocean energy by 2050

    24 November 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vision

    International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has released a roadmap that outlines a comprehensive strategy that will help to drive the global development of ocean energy.

  • Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

    19 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Technology, Transition

    A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

  • IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

    1 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

  • Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

    24 November 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

  • COP28: 39 countries endorse declaration for mutual recognition of hydrogen standards

    5 December 2023
    Business Developments & Projects, Certification & Classification, Outlook & Strategy, Regulation & Policy, Transition

    A global initiative for the mutual recognition of certification systems for hydrogen and derivatives has been presented at COP28 in Dubai. During a “High Level Roundtable on Hydrogen” event on December 5, the flagship Hydrogen Declaration of Intent to pursue mutual recognition of hydrogen certification schemes, both at political and technical levels, was announced and […]

  • Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

    11 December 2023
    Authorities & Government, Business Developments & Projects, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vision

    Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the International Chamber of Shipping and the government of […]

  • Minesto sees slight decline in operating income, widens operating loss

    19 March 2024
    Business & Finance, Business Developments & Projects, Innovation, Outlook & Strategy, Project & Tenders, Technology

    Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2022 – a negative result said […]

  • New South Korean project eyes development of onboard CCS

    27 February 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Technology

    South Korean boiler specialist Hyundai Heavy Industries Power Systems (HPS), shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE), CO2 capture technology firm CE-TEK and classification society DNV have signed a joint development program agreement for the research and development of onboard carbon capture and storage (CCS) demonstration on units.

  • Technip Energies: Global deployment of CCS needed in all sectors as ‘essential’ piece of decarbonization puzzle

    21 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Market Outlooks, Outlook & Strategy, Regulation & Policy, Transition

    Which steps need to be taken to enhance the viability of CCUS as a decarbonization tool in the energy transition arsenal?

  • Large-scale Dutch CO2 storage project passes to next phase

    13 December 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS have progressed their large-scale CO2 storage project offshore the Netherlands to the next phase. L10CCS, to be connected to the Aramis CO2 transport and storage initiative in the Dutch part of the North Sea, has entered the next phase in the project – […]

  • Swedish electrolyzer manufacturer steps into Chinese market

    23 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Infrastructure, Market Outlooks, Outlook & Strategy

    Swedish manufacturer of energy systems for green hydrogen production Metacon has entered into a memorandum of understanding (MoU) with Chinese company PERIC Hydrogen Technologies to establish a strategic partnership for the production and sale of Metacon’s electrolyzers on the Chinese market. The MoU is seen as an important milestone in Metacon’s global expansion strategy. It […]

  • Strengthening of Qatar-China energy ties entrenches gas as ‘central component’ in journey to sustainable future

    6 November 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    A recent deal between Qatar’s QatarEnergy and China’s Sinopec bolsters hopes that gas and LNG will power the energy transition engine.

  • Ammonia beats methanol as MSI predicts increased demand

    30 January 2024
    Outlook & Strategy, Transition

    The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol.

  • The clean energy pursuit: Speeding up build-out while continuing to innovate

    15 November 2023
    Innovation, Research & Development, Transition

    With an “all of the above” task in its hands, the offshore energy industry has found itself working on innovative and more efficient solutions and nature-inclusive projects, while at the same time trying to build as many new clean energy projects as possible to meet the targets.  

  • Australia urged to ensure its gas strategy features LNG opportunities

    10 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    Australian Energy Producers has called for the inclusion of liquefied natural gas (LNG) in the government’s future gas strategy.

  • Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?

    4 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?

  • Is the EU ready to take decisive steps towards slashing its methane footprint from imports?

    13 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The EU’s decision-makers are preparing to weigh in on whether to include a performance standard for methane emissions from imports. 

  • IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

    26 September 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Research & Development, Transition, Vessels

    In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap serves as a guiding light for the global energy sector, outlining […]

  • While strengthening hydrocarbon ties, Guyana and India also pooling resources for green energy

    9 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Transition

    India recently greenlighted the inking of a memorandum of understanding (MoU) with Guyana to join forces in the hydrocarbon sector.

  • Is rehearing on US LNG permitting freeze on the horizon?

    27 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Transition

    The latest step being taken to overturn the U.S. LNG permitting freeze comes from the American Petroleum Institute (API).

  • IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition

    27 September 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.

  • Chevron’s CEO: Oil & gas go hand in hand with low-carbon solutions

    2 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Chevron’s Chief Executive Officer (CEO) is adamant that the world needs more oil and gas alongside low-carbon solutions.

  • Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows

    26 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydrogen Review 2023 published on September 22, 2023, […]