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Business Developments & Projects

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Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28
Business Developments & Projects

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read
Illustration; Source: TotalEnergies
Business Developments & Projects
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TotalEnergies, Petrobras, SOCAR, and Sonangol join forces to curb methane footprint

TotalEnergies has inked cooperation agreements with three oil and gas companies to carry out methane detection and measurement campaigns.

about 2 years ago
New green hydrogen project to expand ACWA Power’s portfolio in Indonesia
Business Developments & Projects

New green hydrogen project to expand ACWA Power’s portfolio in Indonesia

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider, and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer, are set to devel

about 2 years ago
Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030
Business Developments & Projects

Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030

Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Jo

about 2 years ago
ADNOC and SOCAR unite for low-carbon solutions, hydrogen in spotlight
Business Developments & Projects

ADNOC and SOCAR unite for low-carbon solutions, hydrogen in spotlight

UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon solutions, including hydrogen. As part of the SCA, the t

about 2 years ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business Developments & Projects

International offshore rig count climbs up a notch in November

Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.

about 2 years ago
COP28: 39 countries endorse declaration for mutual recognition of hydrogen standards
Business Developments & Projects

COP28: 39 countries endorse declaration for mutual recognition of hydrogen standards

A global initiative for the mutual recognition of certification systems for hydrogen and derivatives has been presented at COP28 in Dubai. During a “High Level Roundtable on Hydrogen” event on December 5, the flagship Hydrogen Declaration of Intent to pursue mutual recognition of hydrogen certificat

about 2 years ago
Berge Bulk Olympus
Business Developments & Projects

IWSA: More wind-powered ships than large cargo vessels running on low and zero-carbon fuels

The International Windship Association (IWSA) has issued an open letter to the Heads of State and delegates at the 28th Conference of the Parties of the UNFCCC (COP 28), urging them to recognize the vital role of direct wind propulsion in the decarbonization of the maritime sector. This appeal, alig

about 2 years ago
SCZONE
Business Developments & Projects

SCZONE, Scatec ink $1.1 billion MoU for green bunkering in East Port Said

On the sidelines of COP28, a $1.1 billion memorandum of understanding (MOU) for green bunkering in Egypt has been signed.

about 2 years ago
New joint study looking into Oman-Netherlands liquid hydrogen corridor
Business Developments & Projects

New joint study looking into Oman-Netherlands liquid hydrogen corridor

The Government of Oman and Hydrom have signed an agreement with Port of Amsterdam, Zenith Energy Terminals, and GasLog to jointly study the development of a liquid hydrogen supply chain that will deliver Omani green hydrogen to the Amsterdam port and onwards to Europe. The agreement was signed at th

about 2 years ago
MMMCZCS
Business Developments & Projects

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

about 2 years ago
DP World
Business Developments & Projects

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.

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business Developments & Projects

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.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Business Developments & Projects

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.

about 2 years ago