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Business Developments & Projects

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Eldfisk Complex; Source: ConocoPhillips
Business Developments & Projects

ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player

ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation.

about 1 year ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%

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While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas produc

about 1 year ago
dual-fuel
Business Developments & Projects

Maritime industry witnesses ‘unprecedented’ surge in dual-fuel ship orders

There has been a huge rise in orders for dual-fuel vessels over the last six years, according to Veson Nautical’s data.

about 1 year ago
Illustration; Source: ExxonMobil
Business Developments & Projects

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
TGS picks up 2025 tasks in India and Europe
Business Developments & Projects

TGS picks up 2025 tasks in India and Europe

Norway-based energy data and intelligence company TGS has further expanded its 2025 to-do list with a 3D streamer contract in India and an ocean bottom node (OBN) contract in Europe, both set to be kicked off at the beginning of the year. TGS said it had secured a significant 3D streamer contract fo

about 1 year ago
A large vessel at sea with two smaller ones next to it
Business Developments & Projects

Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds

The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou

about 1 year ago
MMMCZCS presents guide to emerging ship design solution for ammonia-fueled vessels
Business Developments & Projects

MMMCZCS presents guide to emerging ship design solution for ammonia-fueled vessels

Building on findings from its previous studies, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping (MMMCZCS) has issued a new publication with a guide to the emerging solutions for ammonia-fueled vessels from a ship design perspective. The report ‘Emerging ship design principles for ammonia-fue

about 1 year ago
Vena Energy LS Cable
Business Developments & Projects

New agreement to keep LS Cable & System busy offshore South Korea

Vena Energy’s subsidiary, Taean Wind Power, has selected LS Cable & System as the preferred submarine cable supplier for the 504 MW Taenan offshore wind farm in South Korea. Under the agreement, LS Cable will supply high-voltage subsea cables, which are essential for transmitting renewable energy fr

about 1 year ago
Illustration; Source: Navingo
Business Developments & Projects

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Business Developments & Projects

Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip

As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.

12 minutes read
Solstad's largest vessel fully committed until end of 2026
Business Developments & Projects

Solstad’s largest vessel fully committed until end of 2026

Norwegian shipping company Solstad Offshore has secured a contract award with a mystery client that will keep the largest vessel in its fleet fully committed until the end of 2026. Solstad’s subsea construction vessel (CSV) Normand Maximus is 178 meters long and can accommodate up to 180 people. It

about 1 year ago
Osaka Gas
Business Developments & Projects

Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report

While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t

about 1 year ago
Global OTEC has launched its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology.
Business Developments & Projects

Global OTEC deploys storm-resistant floating platform in Atlantic waters (Video)

Global OTEC has deployed its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology. According to Global OTEC, the cylindric hull, named Don and built under the EU-funded PLOTEC project, was launched from Hidramar Shipyards into Atlantic wat

about 1 year ago
Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan
Business Developments & Projects

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read