Italian oilfield services provider Saipem has signed an agreement with Uzbekistan’s gas transport company Uztransgaz JSC to cooperate in the fields of natural gas, CO2 footprint reduction and hydrogen, with the ambition to transfer know-how, competences and technologies. On its social media, the com
Maritime leaders have formed an elite working group to study onboard carbon capture technologies as a solution to help decarbonize the maritime industry while enabling the existing ships to continue burning fossil fuels. The collaborative project brings together ABS, Diana Shipping Services, Equinor
Oracle Energy, a joint venture between Oracle Power and Sheikh Ahmed Dalmook Al Maktoum, and PetroChina International (Middle East) Company Limited (PCME) have signed a Memorandum of Understanding (MoU) on cooperation and joint development of commercial avenues for Oracle Energy’s planned 400 MW gre
The Yongsoo wave energy pilot plant, installed offshore Jeju Island in South Korea, is being prepared to produce green hydrogen.
Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium, has signed a knowledge partnership agreement with the Global Centre for Maritime Decarbonisation (GCMD) to accelerate decarbonisation in the shipping sector.
Malaysia’s Yinson, through its joint venture company with PTSC, has received a five-year extension for an FSO working off Vietnam.
In its latest white paper “Biofuels in shipping,” classification society DNV has reported that the flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. However, the current limitations in production capac
Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.
Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.
Worldwide investments in clean energy are projected to reach $1.74 trillion in 2023, a 7.6 percent increase compared to $1.617 trillion invested in green energy in 2022, according to a recent report by the International Energy Agency (IEA). The investments in fossil fuels are also expected to rise,
Velesto has secured work with an estimated combined contract value of $10.9 million for one of its jack-up drilling rigs.
As the International Maritime Organization (IMO) gears up for its MEPC80 session in July, where it is expected to revise its greenhouse gas (GHG) strategy and strengthen decarbonization targets, industry experts are highlighting the dangers of regulating shipping in isolation. The global nature of t
