9047 results found for 'race bank'

9047 results found for 'race bank'
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  • APAC poised to become ‘world’s largest’ CO2 shipping market, report says

    19 June 2025
    Business Developments & Projects, Carbon Capture Usage & Storage, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    The Asia-Pacific (APAC) region is on track to take the lead in the CO2 shipping market, requiring almost 80 specialist vessels for interregional shipping in 2055, energy consultancy Xodus found in a new carbon capture, utilization, and storage (CCUS) report.

  • Gazprom’s gas reserves trump production rates with lion’s share in Arctic and Yamal Peninsula

    24 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk stemming from the Arctic and the Yamal Peninsula.

  • RMK Marine clinches order to construct ‘world’s first’ sail-assisted boxship

    4 April 2025
    Technology, Vessels

    French activist shipping company Windcoop has placed an order for what it hailed as the ‘world’s first’ wind-powered container vessel at RMK Marine shipyard in Tuzla, Türkiye. According to RMK Marine, the wind-powered open hatch boxship will operate on a route between Madagascar and France. The unit’s construction is reportedly set for 2026, while the […]

  • Dredging on liquid hydrogen: feasible or not?

    9 May 2025
    Business Developments & Projects, Collaboration, Innovation, Vessels

    The emissions of dredging vessels maintaining the Dutch coastline are responsible for 20% of the annual CO2 emissions of the Dutch Ministry of Infrastructure and Waterways (Rijkswaterstaat) and for a much larger percentage if you look at NOx and particle matter. Back in 2019, Rijkswaterstaat made a budget available to stimulate innovations from the market, with so-called […]

  • Court challenge takes first crack at US move to ignite offshore oil & gas drilling boom

    21 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy

    With the first legal stone cast at the reversal of ocean protections, the Trump administration is facing its initial environmental challenge from groups concerned about the threats stemming from steps taken to spur offshore drilling zest for a new era of oil and gas rush.

  • Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

    24 January 2025
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Human Capital, IT & Software, Transition

    Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the job market.

  • Decarbonization: Oil & gas industry’s biggest challenge

    2 May 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas companies’ profits.

  • Construction of Fratelli Cosulich’s methanol-ready bunker tankers in full swing

    10 July 2025
    Business Developments & Projects, Infrastructure, Vessels

    Construction of Lucia Cosulich, the second methanol-ready IMO II bunker tanker for Italy’s maritime transportation group Fratelli Cosulich, has begun at Taizhou Maple Leaf Shipyard in China.

  • Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

    10 July 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy

    With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to decommission permanently inactive wells now to stave off a future scenario where they, alongside taxpayers, will need to face cost hikes and potential sanctions because of the missed decommissioning deadlines.

  • GT Wings: First AirWing-fitted ship sets sail

    4 March 2025
    Business Developments & Projects, Green Marine, Technology, Vessels

    UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.

  • 15,000 Gulf of America blocks up for grabs in new lease sale proposal

    26 June 2025
    Authorities & Government, Business Developments & Projects, Regulation & Policy

    The U.S. Bureau of Ocean Energy Management (BOEM) intends to publish a proposed notice of sale (PNOS) for new oil and gas acreage in the Gulf of America’s Outer Continental Shelf (OCS). As disclosed, approximately 15,000 unleased blocks situated 3 to 231 miles offshore across the Gulf’s Western, Central, and Eastern planning areas will be […]

  • US tariff tsunami looms over shipping industry as stakeholders brace for impact

    6 March 2025
    Authorities & Government, Market Outlooks

    Following the Office of the United States Trade Representative (USTR)’s late February announcement regarding new tariffs on Chinese-built vessels, shipowners and charterers have scrambled to assess the fallout as concerns over rising transport costs and potential trade route disruptions mount. “America first”: Throttling China’s dominance When President Donald Trump’s administration announced that a fee of […]

  • FuelEU Maritime: More expense or €250M gain for shipping?

    15 May 2025
    Business & Finance, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    Instead of acting solely as a cost driver, the FuelEU Maritime regulation could create a net financial gain, potentially around €250 million, according to a recent analysis by maritime data and compliance firm OceanScore.

  • ExxonMobil’s oil & gas exploration gets uplift with ‘cutting-edge’ 4D seismic tech and supercomputer

    14 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Innovation, Research & Development, Technology

    ExxonMobil is buoyed by the possibility of cutting seismic processing time from months to weeks with 4D seismic technology, in combination with high-performance computing (HPC), which will bolster the firm’s subsurface capabilities.

  • UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

    27 January 2025
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Research & Development

    A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

  • LNG given prime spot in Trump’s new directive to unleash Alaska’s resource potential

    21 January 2025
    Authorities & Government, Business Developments & Projects, Regulation & Policy

    The newly-elected U.S. President Donald Trump has issued an executive order instructing the federal government to maximize the development and production of natural resources in Alaska, including the development of a liquefied natural gas (LNG) project, due to their “critical national importance” and “economic and national security benefits.”

  • Oil, gas, and LNG weaving energy security web

    2 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy security lifeforce as vital signs of strength in countries’ energy flows.

  • BV greenlights MARIC’s 155,000 cbm ethane carrier

    1 April 2025
    Certification & Classification, Infrastructure, Regulation & Policy, Vessels

    French classification society Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AiP) to China’s shipbuilding R&D institute Marine Design and Research Institute of China (MARIC) for its new 155,000 cbm ultra large ethane carrier (ULEC) design.

  • UK’s fiscal and regulatory hurdles pull the plug on FPSO buy as North Sea oil project awaits policy reset

    10 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Vessels

    A deal for an FPSO, picked for an oil redevelopment project in the North Sea, has been taken off the table as New European Offshore (NEO Energy) and its partners, Serica Energy and Jersey Oil & Gas (JOG), continue to wait clarity on the fiscal and regulatory woes arising from the UK’s current oil and gas policy conundrums.

  • Can hydrogen deliver? Industry leaders weigh in on costs, policy and progress

    14 March 2025
    Market Outlooks, Outlook & Strategy, Transition, Vision

    Hydrogen has long been a staple of industrial processes, but its potential as a decarbonization tool remains the subject of intense debate. While its role in refining, steel production and heavy transport is increasingly recognized, fundamental challenges persist – chief among them cost, infrastructure and investment uncertainty.

  • Shell entrusts Gulf of Mexico FPU commissioning task to US player

    10 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Gate Energy has struck a new commissioning management and execution deal with Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, for a semi-submersible floating production unit (FPU) destined for a deepwater development in the U.S. Gulf of Mexico.

  • Norwegian firm quadrupling its North Sea oil & gas production with Sval Energi buy

    10 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    DNO has set the wheels into motion to augment its hydrocarbon portfolio with the acquisition of Sval Energi.

  • Spanish player picks up work on European LNG terminal as pursuit of net-zero ops intensifies

    15 July 2025
    Business & Finance, Business Developments & Projects, Project & Tenders, Transition

    Belgian energy infrastructure company Fluxys has hired Madrid-headquartered Sacyr Proyecta to take care of front-end engineering design (FEED) services related to the development of a CO2 emissions reduction project at its liquified natural gas (LNG) terminal in Zeebrugge, Belgium.

  • Australian firm in talks with Altera & Ocyan to buy Brazilian FPSO

    5 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Australia’s Karoon Energy has engaged in negotiations to take possession of a floating production, storage, and offloading (FPSO) vessel working on its project off the coast of Brazil with the FPSO’s current owner and operator, Altera & Ocyan (A&O).

  • New milestone for TotalEnergies’ North Sea field revival project

    10 June 2025
    Business Developments & Projects, Exploration & Production

    Members of the Danish Underground Consortium (DUC), comprising TotalEnergies EP Denmark, BlueNord, and Nordsøfonden, have crossed the well completion test milestone off their list for the natural gas redevelopment project in the Danish sector of the North Sea.