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Australian player entering Gulf of Mexico with new oil & gas acquisition
Karoon Energy is in the process of diversifying and expanding its asset portfolio, thanks to biding agreements worth $720 million.
NYK-chartered car carrier seized in Yemen as shipping gets in crosshairs of Israel-Hamas war
Japanese shipping company NYK Line confirmed earlier today that its chartered car carrier Galaxy Leader was seized near Hodeida, Yemen. “On the evening of November 19 in Tokyo (early afternoon local time), NYK was informed by Galaxy Maritime Ltd., which is based in the U.K., that an NYK-chartered pu
Petrobras and European Energy looking into e-methanol opportunities in Brazil
Brazilian state-owned oil and gas giant Petrobras and Danish company European Energy have signed a memorandum of understanding (MoU) to investigate business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis. According to Petrobras, the companies have vertically integ
SWITCH Maritime raises $10 million to grow hydrogen and electric ferry fleet
SWITCH Maritime, a US-based company developing zero-emission hydrogen and battery-powered ferries, has raised $10 million in a Series A round led by low-carbon investor Nexus Development Capital to expand its fleet. SWITCH Maritime was founded in 2018 with an aim to enable private and public municip
LR, partners develop space-saving concept for methanol-powered ships
Classification society Lloyd’s Register (LR), in collaboration with SDC Ship Design and Consult, has developed a new concept for the use of ballast water tanks in place of cofferdams around methanol tanks, allowing ship operators more space for methanol fuel technology.
World’s first hydrogen-powered inland vessel passes trial run
The world’s first hydrogen-powered vessel has completed technical sea trials and obtained a provisional certificate to be put into service. The vessel named Antonie was built by Dutch shipyard Concordia Damen for compatriot inland shipping company Lenten Scheepvaart. It will be used to transport sal
Northern Lights, Yara seal binding CO2 transport and storage deal
Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation a
Pacific leaders vow to transition away from fossil fuels but ‘loopholes and weasel words’ weaken commitment
While calling for a transition away from coal, oil & gas, Pacific leaders’ final text did not explicitly mention extraction and production.
In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels
This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.
Port of Gävle: Tanker switches to shore power during unloading operation for the first time
In a milestone event for the maritime industry, a tanker conducted an unloading operation while connected to shore power at the Port of Gävle, Sweden.
2017-built FPSO picked for redeployment at North Sea oil project
Jersey Oil & Gas and NEO Energy have chosen an FPSO for work on their oil development project on the UK Continental Shelf (UKCS).
Chihuahua government backs Mexico Pacific’s LNG infrastructure project
Energy company Mexico Pacific and the government of the Mexican state of Chihuahua have entered into a strategic collaboration agreement supporting the construction and operation of Mexico Pacific’s Sierra Madre Pipeline. According to Mexico Pacific, the Sierra Madre Pipeline will originate at the b
Gulf of Mexico oil & gas lease sale on again as US sets a date for December
BOEM has set a new date for the next offshore oil and gas lease sale for acreage in the Gulf of Mexico after postponing it to comply with a court order.
Sumitomo subsidiary enters UK carbon storage sector
Carbon Catalyst has entered into an agreement with Summit Energy Evolution Limited (SEEL), a wholly owned subsidiary of Sumitomo Corporation, for the farmout of a 10% interest in a North Sea carbon capture and storage (CCS) project. Carbon Catalyst announced it had reached an agreement with SEEL to