C2X, a recently established company backed by A.P. Moller Holding as majority owner and A.P. Moller – Maersk as minority owner, has signed a framework agreement with the Egyptian government to enable and accelerate large-scale production of green methanol in Egypt. C2X’s ambition is to have a produc
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 Altern
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
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.
Altera Infrastructure has secured contracts for the redeployment of an FPSO vessel and a shuttle tanker, which will be converted into an FSO.
PetroNor has set the wheels in motion to increase its interest in the offshore mining lease no. 113 (OML 113), containing a gas field, offshore Nigeria
Shelf Drilling has secured new contracts for two jack-up rigs in its fleet, which have been hired to carry out operations offshore Nigeria.
TotalEnergies has wrapped up a sale of a partial stake to Petronas in a block, encompassing two oil fields offshore Angola.
TotalEnergies has made progress with its multi-well appraisal and exploration drilling program in Namibia, which is being carried out with two rigs.
While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship
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.
