9040 results found for 'race bank'

9040 results found for 'race bank'
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  • Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

    25 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Environment, Regulation & Policy, Transition

    As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pursuit of so-called green gas and how the business case for carbon units is shunned by some and welcomed by others.

  • DNV: Maritime appetite for cyber risk higher than other key industries

    14 November 2024
    Certification & Classification, Market Outlooks, Outlook & Strategy, Regulation & Policy

    The maritime sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and healthcare, according to a new report published by the classification society DNV.

  • BIMCO: Containership deliveries hit new annual record

    5 November 2024
    Market Outlooks, Outlook & Strategy, Vessels

    Ten months into 2024, shipyards’ deliveries of containerships have reached a new annual record, according to the shipping association BIMCO.

  • Arbitration win against Gazprom enables OMV to take €230M plus interest and costs home

    14 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    OMV has managed to get the upper hand in the arbitration case against Gazprom Export, a subsidiary of Russia’s gas giant Gazprom, over the latter’s alleged irregular gas supplies to Germany.

  • SWITCH Maritime plans to build first liquid hydrogen-fueled ferry in the US

    12 November 2024
    Business Developments & Projects, Green Marine, Infrastructure, Project & Tenders, Vessels

    The U.S. shipowner SWITCH Maritime, in collaboration with LH2 Shipping and LMG Marin, has revealed plans to commence the U.S. construction of the existing liquid hydrogen-fueled RoPax vehicle ferry MF Hydra operating in Norway. Following the launch of Sea Change, the first hydrogen-powered ferry in the U.S., SWITCH said it was ready to advance its […]

  • Shanghai going all-out to become green international shipping center

    7 November 2024
    Infrastructure, Ports & Logistics

    Shanghai, the main hub of the East China region, is taking necessary steps to achieve its ultimate goal of becoming ‘a digital, intelligent and green international shipping center’.

  • Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

    11 November 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

  • LIVE BLOG: Offshore Energy Exhibition & Conference 2024

    27 November 2024
    Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Regulation & Policy

    Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage for this […]

  • Finnlines readies to pick builder of three new green fueled RoPaxes

    6 November 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.

  • Oil & gas production grinds to a halt as North Sea FPSO goes offline

    29 October 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Serica Energy has confirmed the interruption of production at its assets in the North Sea, which are tied back to an existing floating production, storage, and offloading (FPSO) vessel on the UK Continental Shelf (UKCS).

  • Wilson Sons calculates GHG reduction of up to 55% from Santa Clara terminal cargo operations

    8 November 2024
    Business Developments & Projects, Outlook & Strategy

    Brazilian port and maritime logistics operator Wilson Sons has calculated greenhouse gases (GHG) from cargo handled at the Santa Clara waterway terminal, located in Triunfo, Brazil, and concluded that 55% less GHG emissions are produced on the waterway compared to road transportation.

  • Germany opens test field for hydrogen fuel cell propulsion systems

    31 October 2024
    Authorities & Government, Business Developments & Projects, Infrastructure, Research & Development

    German Aerospace Center (DLR) has started testing and developing ‘innovative’ propulsion systems based on hydrogen fuel cells with an output in the megawatt range. The center put into operation the BALIS test field in Empfingen on October 28, 2024. Currently, such propulsion systems are not yet commercially available. In the future, they can be used […]

  • Stena Drilling drillship comes to spud Chevron’s prospect in West Mediterranean as Egypt anticipates oil & gas growth with further exploration

    4 November 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Stena Drilling has brought one of its drillships back to Egyptian waters to embark on a drilling assignment with Chevron in the mostly unexplored West Mediterranean (West Med) blocks off the coast of Egypt.

  • Production sharing contracts inked for two shallow-water blocks offshore Gabon

    5 November 2024
    Authorities & Government, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    The partners behind two exploration blocks in shallow waters offshore Gabon have signed production sharing contracts (PSCs) with the country’s Petroleum Minister and Minister of Economy.

  • GTT lands tank design deal for new TotalEnergies-chartered LNG bunkering vessel

    24 October 2024
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    French technological containment specialist Gaztransport & Technigaz (GTT) has secured a new tank design order from Chinese shipyard Hudong-Zhonghua for a new LNG bunkering vessel being built for Ondimar Transportes Marítimos, a company of Spanish Ibaizabal Group. The order for the tank design of the new LNG bunkering vessel marks Ondimar’s first order for a […]

  • Matteco secures €15 million to expand production of green hydrogen materials

    29 October 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Technology

    To scale up the production of its materials for green hydrogen, Matteco has closed a €15 million Series A investment round backed by a group of national and international family offices.

  • Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

    4 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Transition

    The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

  • Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?

    13 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Regulation & Policy, Transition

    Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider climate plan will limit pollution, drive innovation, and create jobs. However, those opposed to the proposed regulation argue the move will result in cutbacks across the board instead of any gains.

  • VSM: ‘Excessive bureaucracy’ hurts sustainable ship recycling prospects in Germany

    1 November 2024
    Regulation & Policy, Rules & Regulation

    The Association for Shipbuilding and Marine Engineering (VSM)—the voice of the German maritime industry—has called on the government to review legal hurdles to (sustainable) ship recycling in Germany.

  • Wärtsilä rolls out new engine technology to curb methane emissions

    31 October 2024
    Technology

    Wärtsilä has introduced new NextDF technology for its Wärtsilä 25DF liquefied natural gas (LNG) dual-fuel engine to cut methane emissions.

  • SLB OneSubsea hired to ‘accelerate full potential’ of BP’s deepwater project

    29 October 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Infrastructure, Outlook & Strategy, Project & Tenders

    OneSubsea, a subsea technology and solutions joint venture (JV) backed by SLB, Aker Solutions and Subsea7, has secured a subsea boosting contract with UK’s energy major BP for a deepwater project in the U.S. Gulf of Mexico. The contract for the Kaskida project is the first engineering, procurement and construction (EPC) contract for a subsea […]

  • Africa Oil secures regulatory approval for enlargement and offshore license extension in Nigeria

    1 November 2024
    Authorities & Government, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Canadian oil and gas company Africa Oil Corp. has received a set of clearances from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – one for the amalgamation of its wholly owned subsidiary Africa Oil Papa Corp. and BTG Pactual Holding, and another for the extension of a petroleum mining license offshore Nigeria.

  • CIMC SOE lays keel for new 21,000 dwt dual-fuel container vessel

    25 October 2024
    Collaboration, Vessels

    Chinese shipbuilder Nantong CIMC Sinopacific Offshore ＆ Engineering (CIMC SOE) has laid the keel for a 1,450 TEU dual-fuel containership. The ceremony was held on the company’s West Area Shipway on October 18, 2024, after which full-scale construction work on the new vessel is to proceed. Offshore Energy understood that the ship in question is […]

  • Maersk and Danone collaborate to slash logistics emissions with sustainable shipping fuels

    29 October 2024
    Business Developments & Projects

    Danish shipping giant A.P. Moller Maersk has partnered with Danone, a French multinational food-products corporation, to reduce logistics greenhouse gas (GHG) emissions by using Maersk’s decarbonization service. As disclosed, Danone will integrate Maersk ECO Delivery Ocean, a product based on reduced GHG emission fuels like bio-diesel or bio-methanol, into its supply chain. These fuels are […]

  • Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

    4 November 2024
    Business Developments & Projects, Human Capital, Market Outlooks, Outlook & Strategy, Research & Development

    As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appealing to new generations as the global energy landscape shifts from traditional fossil fuels to renewable sources.