Search results for: race bank

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  • 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.

  • Mammoet done with jacking, load-out and float-over job for BP’s Caspian Sea platform – gallery

    13 September 2023
    Business & Finance, Business Developments & Projects, Heavy lifting, Project & Tenders

    Mammoet has performed jacking, load-out and float-over operations for a 19,600-tonne offshore platform destined for BP’s project in the Caspian Sea, offshore Azerbaijan.

  • Australian FPSO just a day shy of coming back online

    31 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Jadestone Energy has disclosed its new timeline for the restart of production from an FPSO in the Timor Sea offshore Australia. 

  • US five-year offshore oil & gas leasing plan puts Biden between the devil and the deep blue sea

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

    Biden administration is stuck between a rock and a hard place while trying to reconcile its climate agenda and offshore wind ambitions with the IRA’s giveaways to the fossil fuels lobby.

  • 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.

  • Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035

    25 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology, Transition, Vision

    Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelerate its route to commercial maturity.

  • In focus: Is climate crisis a ‘fossil fuels crisis’?

    22 September 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from both public and private sectors are […]

  • NTS delivers 6th eco-friendly tanker to CDB Leasing

    25 August 2023
    Vessels

    New Times Shipbuilding Co. (NTS) has delivered the sixth in a series of ten new eco-friendly tankers to Hong Kong-based leasing major China Development Bank Financial Leasing (CDB Leasing).

  • ABS, GTT and DHT develop new LNG-powered VLCC design

    6 September 2023
    Vessels

    Classification society ABS, French containment specialist Gaztransport & Technigaz (GTT) and DHT Holdings have signed a joint development project (JDP) to optimize a new, very large crude carrier (VLCC) with liquified natural gas (LNG) propulsion.

  • Silverstream partners with Cosco Shipping to propel air lubrication uptake

    11 September 2023
    Equipment, Vessels

    UK-based cleantech company Silverstream Technologies has signed a high-level memorandum of understanding (MOU) with Chinese shipyard group COSCO Shipping Heavy Industry (CHI) to explore opportunities to install Silverstream’s air lubrication system in CHI shipyards.

  • Op-ed: Contracts for Difference – Time for something different?

    4 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Infrastructure, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vision

    Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.

  • Strike action in full swing at Chevron’s Australian LNG facilities

    11 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation

    Workers at three of Chevron’s LNG projects embarked on Protected Industrial Action, taking part in rolling stoppages, bans, and limitations.

  • Multi-billion investment on the horizon, as UK greenlights giant Rosebank oil field

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

    The North Sea Transition Authority has now given its blessing for the development of the controversial Rosebank field on the UKCS.

  • Another North Sea project hit by cost inflation as capex estimate goes up

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

    Vår Energi has updated its cost estimate for a field life extension project in the North Sea off Norway to reflect a tighter supplier market.

  • Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

    15 September 2023
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consistent and data-based forecasts.”

  • MOR Energy and Magallanes Renovables applaud UK’s tidal energy boost

    11 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Technology

    “It’s official, the tidal stream energy market has taken off with 11 companies awarded the contracts for difference,” said Mor Energy, a QED Naval subsidiary company, which has been supported in the latest UK renewables auction round along with Spanish-based Magallanes Renovables which also welcomed this significant milestone for the entire tidal energy sector.

  • Eleven arrested after activists expressed their ire over arrival of TotalEnergies’ FSRU in France

    20 September 2023
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Transition, Vessels

    After a FSRU, chartered by TotalEnergies, arrived in France, climate activists took steps to express their dissatisfaction with its arrival.

  • McDermott firm gets DNV’s blessing for liquid hydrogen cargo containment system

    30 August 2023
    Business Developments & Projects, Certification & Classification, Equipment, Green Marine, Infrastructure, Regulation & Policy

    McDermott’s unit CB&I has obtained approval in principle (AiP) from classification society DNV for its design of a liquid hydrogen (LH2) cargo containment system for gas carriers. CB&I developed the containment system in collaboration with Shell International Trading and Shipping Company Limited. The containment system design is based on CB&I’s vacuum-insulated spherical technology for onshore […]

  • Are we ready for ammonia?

    18 September 2023
    Authorities & Government, Business Developments & Projects, Certification & Classification, Environment, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Rules & Regulation, Safety, Technology, Transition, Vessels

    Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imagination of industry stakeholders and environmental advocates alike. The exhibition and […]

  • California’s lawsuit against ExxonMobil, Shell, BP, ConocoPhillips and Chevron seen as ‘monster of a climate case’

    19 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Five oil majors together with API are being sued in California for their alleged role in downplaying the risks posed by fossil fuels.

  • Will UK pull out of energy treaty now or wait to see if low-carbon and green provisions will be woven into its fabric?

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

    The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.

  • Ammonia-powered ships expected to be 50-130 pct pricier to build

    31 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, private equity firms, lessors, export credit agencies, and […]

  • Despite higher day rates, new rig orders not on the cards soon, says Westwood

    31 August 2023
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders

    While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

  • Survey: Passengers interested in paying more for reduced emissions

    31 August 2023
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and customer satisfaction for different maritime transport companies. A total of  928 […]

  • Wah Kwong welcomes ‘smart’, LNG-ready Eastern Venture

    30 August 2023
    Vessels

    Hong Kong shipowner Wah Kwong Maritime Transport Holdings has taken delivery of a new Ultramax bulk carrier which will be built as a ‘liquified natural gas (LNG) ready’ vessel.