The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin
The International Energy Agency has outlined that employment in the energy sector is rising above pre-Covid levels, driven by clean energy.
Rystad Energy forecasts that global oil and gas exploration spending and activities are expected to shrink even further this year.
British engineering services company Babcock has partnered with South Korean shipbuilders Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) to develop liquefied CO2 carrier designs to service a growing demand for this kind of vessel.
Carbon capture and storage (CCS) has emerged as an important pathway to contribute to the global carbon dioxide (CO2) reduction goals and support energy transition efforts. In parallel, this has given the shipping and shipbuilding segments the opportunity to shine.
Shell has taken a final investment decision (FID) to develop the Rosmari-Marjoram gas project located offshore Sarawak, Malaysia.
Swiss marine power company WinGD and Korean engine builder HSD Engine have initiated a joint development project (JDP) to advance the development of WinGD’s methanol-fueled big-bore engines.
The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization.
McDermott International has completed the sail away of a gas processing module for TotalEnergies’ field located in the Danish North Sea.
On 1 September 2022, Japanese shipping company NYK and compatriot LNG trading company Q United Energy Supply & Trading, part of Kyuden Group, signed a new multi-year time charter contract for a new liquefied natural gas (LNG) carrier.
Shipping joint venture Proman Stena Bulk said that its two fully operational methanol-fuelled tankers have become the first vessels to bunker methanol in Ulsan, South Korea.
Knutsen NYK Offshore Tankers (KNOT), a joint venture between Japanese shipping company NYK and Norway’s shipping company TS Shipping Invest, has taken delivery of its second dual-fuel LNG shuttle tanker.
