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DP World joins First Movers Coalition to spur decarbonization
Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.
Denmark and USA to explore development of green corridors in the Global South
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C
Pertamina and Karpowership forge LNG and alternative fuels alliance
Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F
coZEV welcomes ten new members to support green shipping
Cargo Owners for Zero Emission Vessels (coZEV) has welcomed ten additional member, climate-leading companies, including Mondelēz International, Pledge, Reckitt, and REI Co-op. Flexport, Meta, Nestle, Royal Coffee, Standing CT, and Trek Bikes.
COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter
A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.
EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project
Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP
Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs
The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.
Shipping CEOs call for an end to fossil-only powered newbuilds
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green
€850 million award for UK’s cable connection project lands on Prysmian’s order backlog
Prysmian has tucked under its belt a contract win worth around €850 million for a high voltage direct current (HVDC) cable connection in the UK.
Is UK at risk of falling short of its CCS targets despite potential to surpass them?
Westwood has warned that delays, cancellations, and under-delivery pose a significant risk, which could derail Britain’s 2030 targets.
IEEFA warns of overbuild of LNG import infrastructure in South Korea
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Huisman presents cable-lay system for multi-purpose vessels – gallery
Huisman has unveiled a cable-lay system that ensures fast mobilization and demobilization for multi-purpose vessels (MPVs).
New tool identifies best ports for developing green first-mover initiatives
Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transit
ConocoPhillips puts plans into play to undertake multiple seabed surveys and offshore drilling ops
ConocoPhillips has submitted an environment plan for several seabed surveys and a multi-well exploration drilling program off the coast of Australia.