Search results for: IEA

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  • Record order backlog for Reach Subsea as it pursues ‘large untapped potential’ within group

    15 May 2024
    Business & Finance, Business Developments & Projects, Equipment, Innovation, Outlook & Strategy, Project & Tenders, Technology

    Norway’s Reach Subsea has reported record financial results for the first three months of 2024 with the order backlog reaching NOK 1.3 billion (about €111.5 million), a 60% increase compared to the first quarter of 2023. Revenue for Q1 2024 was NOK 575.3 million, a 146% increase compared to NOK 234 million in Q1 2023, explained […]

  • New contract to keep PGS busy through winter season

    6 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Norwegian seismic company PGS has secured a 3D exploration contract in the Mediterranean that will take place through the winter season. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days. “We are very pleased with this contract award securing work for […]

  • LNG-powered CMA CGM Indianapolis makes maiden call to Bremerhaven

    20 February 2024
    Infrastructure, Ports & Logistics, Vessels

    CMA CGM Indianapolis, the first new 7,000CEU LNG dual-fuel car carrier in CMA CGM’s fleet, has made its maiden call at BLG AutoTerminal Bremerhaven, Germany.

  • Equinor ups its electrification ante offshore Norway

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

    Equinor has put measures in place to curb carbon emissions from the Norwegian Continental Shelf (NCS) by 160,000 tons of CO2 per year.

  • Japanese player helping Petronas find methane and GHG emissions reduction tools offshore Malaysia

    11 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Innovation, Project & Tenders, Research & Development, Technology, Transition

    JGC was selected by Petronas to commission a study to formulate methods to control methane and other GHG emissions offshore Malaysia.

  • Strike action threatens to engulf workers on multiple offshore platforms in UK waters

    24 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital

    The offshore workers are pondering whether to go on a strike in a bid to improve their work-life balance.

  • World’s largest modern cargo sailboat christened in France

    16 January 2024
    Business Developments & Projects, Infrastructure, Innovation, Vessels

    French company Grain de Sail has celebrated the christening ceremony for Grain de Sail II, the world’s largest modern cargo sailboat built by local shipbuilder Piriou.

  • Cory Group joins forces with Harbour Energy, bp, and ABP in CO2 transport and storage pact

    6 December 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Green Marine, Outlook & Strategy, Ports & Logistics, Project & Tenders, Transition, Vessels

    Harbour Energy, bp, and Associated British Ports (ABP) have entered into an exclusive commercial agreement with Cory Group for the transportation and storage of carbon dioxide (CO2) by ship. The collaboration centers around Viking CCS, the Humber-based CO2 transportation and storage network spearheaded by Harbour Energy in conjunction with non-operated partner bp, as well as […]

  • LNS picks up multi-billion deal for project designed to reinforce Norway’s gas supplier position

    18 January 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Transition

    Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project.

  • Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers

    15 January 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output for the consecutive years of 2024 and 2025. The global shipyard output experienced a […]

  • First publicly available FuelEU Maritime calculator is here

    25 March 2024
    Automation, Business Developments & Projects, Innovation, IT & Software, Technology

    The first publicly available FuelEU Maritime calculator has been released by zero44, a Germany-based provider of digital CO2 management solutions, to help prepare shipowners for costs associated with the upcoming FuelEU Maritime regulation.

  • Great Britain’s longest-ever subsea connection presses ahead

    27 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition, Vision

    UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required for the HVDC subsea superhighway, a joint venture between SSEN Transmission and National […]

  • Woodside seeks approval of FPSO ops revision, eyes two-well drilling campaign

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

    Woodside has submitted a revised environment plan (EP) for an FPSO vessel’s operations activity, including a potential drilling program, off the coast of Australia.

  • Ireland facing arbitration over refusal to greenlight lease undertaking for oil & gas project due to ‘environmental dogma’

    26 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy

    Lansdowne has set the wheels into motion to move forward with its Energy Charter Treaty (ECT) claim against Ireland.

  • 2023 in review: A transformative year for shipping and maritime

    2 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Green Marine, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conflict in Ukraine, and the lingering aftermath of the COVID-19 […]

  • ‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says

    2 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator NorthSea Container Line. Namely, the duo plans […]

  • Deloitte: We’ve picked low-hanging fruits, now it’s time for fundamental choices in energy transition

    20 December 2023
    Transition

    The energy transition is at crossroads, and it’s time to find new ways, Deloitte, one of the world’s largest professional services provider, highlighted at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam this November.

  • Trafigura aims for six zero-emission ships by 2030

    24 January 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Global commodity trading giant Trafigura has set an ambitious target of having at least six zero-emission green ammonia-fuelled vessels in its fleet by 2030 to achieve a 25% reduction in the GHG intensity of its shipping operations. Trafigura, one of the world’s largest charterers of vessels, is responsible for over 5,000 voyages annually, managing 30 […]

  • Santos signs up to join global initiatives for flaring and methane crackdown

    26 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Transition

    Santos has become the latest oil and gas player to join two climate change initiatives, related to flaring and methene reduction.

  • UK oil & gas firm gets its hands on much-anticipated stakes in two blocks offshore Angola

    8 December 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Afentra has tucked the acquisition of interests in two blocks offshore Angola under its belt after wrapping the transaction with Sonangol.

  • Green light for Inpex to carry out site surveys and drilling activities for CCS project off Australia

    1 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Project & Tenders, Regulation & Policy, Rules & Regulation

    Inpex has received a seal of approval for an environment plan (EP), covering pre-drill site surveys, and drilling and evaluation ops off the coast of Australia.

  • Maersk CEO shares three imperatives for shipping’s decarbonization to succeed

    14 March 2024
    Market Outlooks, Outlook & Strategy

    Ahead of the key global event that will decide the pace of shipping’s decarbonization, Vincent Clerc, CEO of Danish shipping and logistics giant A.P. Moller – Maersk, has highlighted three imperatives that will be crucial if the maritime industry wants to meet ambitious emission reduction targets.

  • Unity is key to successful green transport corridors

    27 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vision

    Germany and Sweden have together made considerable advancements in establishing a green shipping and logistics corridor between Kiel and Gothenburg, participants at a recent port event in Gothenburg said.

  • Three players unlocking West Africa’s ‘lucrative’ undeveloped oil & gas reserves

    7 May 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Exploration & Production, Transition

    Carbon Circle has joined forces with Amplus VGE to target marginal oil and gas fields in West Africa to bring their full untapped potential to the fore.

  • Glomar claims 28% emissions reduction using GoodFuels’ biofuel

    23 February 2024
    Collaboration, Vessels

    Dutch offshore drilling services provider Glomar Offshore has revealed that it has achieved CO2 emissions reduction by 28% by transitioning from traditional fuels to GoodFuels’ HVO30, a sustainable marine biofuel blend.