Green shipping corridors – specific trade routes where the feasibility of zero-emission shipping is catalyzed by public and private action – have rapidly expanded in popularity worldwide but progress could stall without urgent action from governments to overcome a “feasibility wall”, according to a
Four energy giants – France’s TotalEnergies, Norway’s Equinor, and the UK-headquartered Shell and BP – have confirmed their plans to pool resources to help support access to energy with a $500 million joint investment commitment.
There has been an increasing trend in international shipping emissions in stark contrast to the International Maritime Organization’s (IMO) objectives to achieve absolute emission reductions of 20-30% by 2030, on 2008 emissions levels, a new report found.
Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.
Maldives’ State Electric Company (STELCO) has started a wave monitoring project to explore ocean wave energy potential in the Maldives. According to Hussain Fahmy, the Managing Director of STELCO, this project is a step toward meeting the country’s 33% renewable energy goal. The project is said to r
Canada-based oil and gas company Valeura Energy has completed an internal restructuring of its Thailand-based subsidiaries, which is expected to optimize the financial and operational aspects of its Thai assets.
Singapore-based HEXA Renewables, in partnership with Taiwan’s government and backed by global infrastructure fund I Squared Capital, has commissioned the “world’s largest offshore floating solar power plant” in Changhua County, Taiwan. Spanning 347 hectares across four plots, the 373 MWac (megawatt
UAE-headquartered offshore drilling contractor Shelf Drilling (SHLF) has landed long-term extensions with Chevron Thailand Exploration and Production, a subsidiary of the U.S. oil major Chevron, for assignments two of its jack-up rigs are working on off the coast of Thailand. These two-year contract
Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.
Vietnam’s Vingroup JSC and Abu Dhabi-based AD Ports Group have signed a memorandum of understanding (MoU) to jointly explore developing and modernizing ports, logistics and maritime infrastructure in Vietnam.
Norwegian shipping company Rem Offshore has held the keel laying ceremony for what is said to be the first-of-its-kind energy subsea construction vessel (ESCV), set to perform heavy construction work in offshore wind and subsea arenas with net zero emissions. Following the initial steel cutting on J
UK-based and AIM-listed Sunda Energy, former Baron Oil, has disclosed a new timeline for the drilling of an appraisal well at a gas field off the coast of Timor-Leste.
