Search results for: race bank

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  • Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

    4 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Innovation, Project & Tenders, Regulation & Policy, Rules & Regulation, Technology, Transition, Vessels

    The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

  • Despite lower profits, European and US oil & gas giants soldier on with ‘solid’ results

    30 October 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Project & Tenders, Transition

    TotalEnergies, Eni, ExxonMobil and Chevron have reported strong operating and financial performance in the third quarter of 2023.

  • Bunkering ammonia not so dangerous after all?

    27 September 2023
    Authorities & Government, Business Developments & Projects, Certification & Classification, Green Marine, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Transition, Vessels

    Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the spotlight as the maritime industry explores ammonia as a potential green fuel. Despite ammonia’s well-known toxicity, it has been successfully transported as cargo on LPG ships in recent years. Now, the industry is eyeing the development of dedicated ammonia bunkering vessels. […]

  • Will a net-zero dash enable the UK to reap more benefits?

    10 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.

  • Princess Royal unveils £420 million Aberdeen Port expansion

    25 September 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition

    The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday, September 22. The expansion of the Aberdeen South Harbour has […]

  • AEC: African LNG sector will undergo geographical shift

    4 October 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy

    African Energy Chamber (AEC), an energy advocacy group, has released its new quarterly market-focused report, providing outlook and key insight into the continent’s LNG trends and showing that the African gas sector’s center of gravity is undergoing a geographical shift. Over the last few years, the global LNG industry has faced a series of challenges and […]

  • COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

    11 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Transition

    Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

  • ENCORE project reaches conclusion with four offshore renewable technology demos under its belt

    10 October 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology, Transition, Vision

    The Interreg 2 Seas-funded ENCORE project has reached its formal closure after three years, having ‘successfully propelled’ four innovative tidal energy, offshore solar and wave energy technology solutions.

  • Peninsula secures biofuel deal with COSCO Shipping

    3 October 2023
    Business Developments & Projects, Storage, Vessels

    Global independent marine energy supplier Peninsula has fixed its first biofuel deal for Shanghai-based shipowner COSCO Shipping Lines.

  • Opinion: Can wind propulsion weather the approaching perfect storm?

    15 February 2024
    Authorities & Government, Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in December it was clear […]

  • COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

    13 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Transition

    A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

  • NextDecade signs $356M loan agreement for Rio Grande LNG

    21 September 2023
    Business & Finance, Business Developments & Projects

    Texas-based energy company NextDecade has entered into a credit agreement with a group of lenders for $356 million of senior loans to finance a portion of the first three LNG trains (Phase 1) at its Rio Grande LNG export facility in Brownsville. According to NextDecade, the senior loans were disbursed in one advance for the […]

  • Interview: Winning back investor confidence in wave energy – Mocean Energy’s guide

    23 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vision

    In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges one start-up could encounter coming up in an emerging renewable energy industry.

  • LNG keeps its crown: Alternative fuel orders show LNG still holding strong

    4 October 2023
    Business Developments & Projects, Certification & Classification, Green Marine, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Alternative Fuel Index (AFI) database, in August, a […]

  • Equinor ready to begin drilling work with Transocean rig

    29 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Equinor has received consent to use one of Transocean’s semi-submersible rigs for production drilling at a field in the North Sea off Norway.

  • TotalEnergies’ energy transition roadmap comes under fire due to oil, gas and LNG ties

    26 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.

  • Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza

    19 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Equipment, Exploration & Production, Innovation, Regulation & Policy, Research & Development, Rules & Regulation, Transition

    Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?

  • With oil & gas markets on tenterhooks in the wake of the Israel-Palestine war, is a reinvigorated push for clean energy coming?

    9 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.

  • Wello files for bankruptcy and ceases wave energy operations

    20 September 2023
    Business & Finance, Business Developments & Projects, Equipment, Outlook & Strategy, Technology

    Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.

  • Green light for Equinor to deploy Transocean rig for drilling ops

    22 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea.

  • DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

    26 September 2023
    Authorities & Government, Business Developments & Projects, Carbon Capture Usage & Storage, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted two comprehensive case studies, spotlighting the potential of onboard carbon capture and […]

  • Interview: LNG greasing the energy transition wheels – Black & Veatch’s take on low-carbon future

    12 January 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.

  • African leaders call for global action towards net zero, renewables in spotlight

    12 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Regulation & Policy, Transition, Vision

    The Government of Kenya and the African Union have proclaimed that climate change is the single greatest challenge facing humanity which demands urgent and concerted action from all nations to lower emissions and reduce the concentration of greenhouse gases in the atmosphere. During the inaugural Africa Climate Summit in Nairobi, Kenya, held at the beginning […]

  • As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry

    21 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Project & Tenders, Regulation & Policy, Transition

    There is almost an insurmountable gap between the latest energy policies being advocated by Florida Governor and California’s governor.

  • As drilling adds more hydrocarbons to the table, production restart at Thai oil field comes into view

    18 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Valeura Energy has carried out the drilling of two appraisal wells at an oil field in the Gulf of Thailand, which is currently offline.