OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.
The Bangkok Metropolitan Authority (BMA) has commissioned 12 new fully electric commuter ferries as part of a plan to reduce traffic and CO2 emissions.
A number of energy transition-related updates hit our headlines this week, from new developments in the renewables sector to further initiatives in ship decarbonisation – and oil & gas companies’ new moves in both of those, and more.
Jadestone has said that conditions required to complete its acquisition of the Peninsular Malaysia assets of SapuraOMV have been satisfied.
Svitzer, a Danish towage provider and Maersk subsidiary, has signed a ten-year time charter party with FGEN LNG, a subsidiary of First Gen, for the provision of towage and other vessel support services required by FGEN LNG’s interim offshore LNG terminal.
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) said it has exceeded its annual order target after securing another deal for the construction of two LNG carriers.
The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.
Malaysian energy giant Petronas has signed a memorandum of understanding (MoU) with Bangladesh to cooperate in the supply of LNG.
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has secured two orders for the construction of a total of four LNG carriers.
Abu Dhabi National Oil Company (ADNOC), Honeywell, Sasol, and Wood have joined the Hydrogen Council along with ten more companies – two of which are new investors.
A collection of energy transition-related updates across the industry was heavily focused on hydrogen and its role in reaching net-zero goals.
New York-based gas-to-power developer New Fortress Energy has signed a framework agreement with Sri Lanka’s government to construct a new offshore LNG receiving, storage and regasification terminal.
