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European Commission
Funding & Regulation

Funding for EU’s second hydrogen auction increases to around €2 billion

Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024.

about 1 year ago
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Carbon Captured Transhipper concept – a key solution for decarbonizing maritime industry
Carbon Capture Usage & Storage
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Carbon Captured Transhipper concept – a key solution for decarbonizing maritime industry

Written by Agata Maderska, Chief Marketing Officer, Seatech Engineering The marine sector is a crucial pillar of global trade, yet it is also a significant contributor to greenhouse gas emissions. As the urgency to combat climate change intensifies, the shipping sector faces rising pressure to reduc

about 1 year ago
Cantarell III rig; Source: Keppel
Fossil Energy

Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

In light of the improving conditions in the offshore rig market, Singapore-headquartered asset manager and operator Keppel has set the wheels in motion to seize control and return to its fold 13 legacy rigs currently held by Rigco Holding (Asset Co).

about 1 year ago
port
Green Marine

US invests nearly $580 million in port improvement projects

The U.S. Department of Transportation’s Maritime Administration (MARAD) has invested nearly $580 million from the Bipartisan Infrastructure Law to fund 31 port improvement projects in 15 states and one U.S. territory.

about 1 year ago
CPN and Towngas ink green methanol deal to promote Hong Kong’s green marine fuel action plan
Alternative Fuels

CPN and Towngas ink green methanol deal to promote Hong Kong’s green marine fuel action plan

Bunker service provider Chimbusco Pan Nation Petro-Chemical (CPN) has formed a partnership with Hong Kong and China Gas Company (Towngas) to develop domestic and international green methanol marine fuel markets and promote Hong Kong as a green marine fuel center. To this end, CPN and Towngas recentl

about 1 year ago
Uniper’s Green Wilhelmshaven project in Northern Germany gains ground
Ammonia

Uniper’s Green Wilhelmshaven project in Northern Germany gains ground

German energy major Uniper has selected U.S. electrolyzer manufacturer Electric Hydrogen to design a 200 megawatt (MW) electrolyzer plant within its Green Wilhelmshaven project in Northern Germany.

about 1 year ago
Canadian-French duo to work on $8 bln green hydrogen and ammonia project in Newfoundland
Ammonia

Canadian-French duo to work on $8 bln green hydrogen and ammonia project in Newfoundland

French low-carbon energy company EDF and Canada’s energy transition developer Abraxas Power have agreed to jointly develop a green hydrogen and ammonia project in Central Newfoundland, Canada. To this end, the companies have entered into strategic development agreements for the $8.5 billion Exploits

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Fossil Energy

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
Wallenius Wilhelmsen
Alternative Fuels

Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge

Norwegian shipping and logistics company Wallenius Wilhelmsen has decided to launch a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040.

about 1 year ago
CMA CGM welcomes another LNG-powered newbuild
Alternative Fuels

CMA CGM welcomes another LNG-powered newbuild

French shipping giant CMA CGM has taken delivery of another LNG-powered newbuild from South Korean shipbuilder Samsung Heavy Industries. The shipowner announced the delivery of CMA CGM Fort Diamant via social media on November 18, 2024. The dual-fuel LNG ship is 168 meters long and has a 7,362 TEU c

about 1 year ago
KIMM
Energy Efficiency & Innovation

KIMM reveals new automated mooring system for autonomous vessels

The Korea Institute of Machinery & Materials (KIMM) has created an ‘enhanced’ automated mooring system that aims to ‘improve’ the safety of docking operations for autonomous vessels. As disclosed, this project was conducted under the “Development of Smart Port-Autonomous Ship Linkage Technology” ini

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Fossil Energy

WATCH: Transocean rig comes to Southeastern Europe for 540-day drilling gig on €4 billion gas project

Transocean is expected to kick off drilling activities in the Black Sea next year, after one of its semi-submersible rigs, which was hired for a gas project off the coast of Romania, arrived in Constanta.

about 1 year ago
Arnold Schwarzenegger and Inna Braverman visiting the Wave Energy Conversion Unit in the Port of LA. Source: Eco Wave Power
Marine Energy

Eco Wave Power gears up for first US onshore wave energy pilot installation

Eco Wave Power has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy pilot project at the Port of Los Angeles, marking a step toward the first U.S. onshore wave energy installation. According to Eco Wave Power, the permit, granted under NWP 52 for W

about 1 year ago
EU to tighten the noose on Russia’s ‘shadow fleet’
Green Marine

EU to tighten the noose on Russia’s ‘shadow fleet’

The European parliamentarians have called on the EU to impose “more targeted” sanctions against Russia’s so-called ‘shadow fleet’.

about 1 year ago