Business & Finance
21 carbon storage licenses awarded in UK’s landmark licensing round
A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in
Construction starts on Maersk’s EUR 380 mln state-of-the-art terminal in Rijeka
A momentous occasion in the history of the Port of Rijeka, Croatia, unfolded on Wednesday, September 13, as the ground-breaking ceremony officially marked the commencement of construction for the highly anticipated Rijeka Gateway terminal. Destined to become the most advanced and remote-controlled c
ConocoPhillips books regasification capacity at Gate LNG terminal
U.S. energy major ConocoPhillips has signed a long-term commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. The 15-year throughput deal for approximately 1.5 million tons per annum (mtpa) or 2 bcm equivalent is expected to begin in
NKT hits ‘important milestone’ in its net zero journey
Denmark-headquartered power cable company NKT has received approval from the Science Based Targets initiative (SBTi) for its near-term decarbonization targets, said to represent an important step towards becoming a net-zero emissions company by 2050. NKT Cables Group commits to reducing its absolute
OCI inks green H2 supply deal with NFE to boost its green NH3 production
Dutch producer and distributor of hydrogen-based products OCI Global and U.S. energy company New Fortress Energy (NFE) have signed an agreement for OCI to offtake green hydrogen from NFE’s ZeroParks beginning in 2025, following a competitive bidding process. OCI said that green hydrogen will be prod
On mission to decarbonise FPSO ops, SBM Offshore and MHI offer CO2 capture solution
SBM Offshore has joined forces with Japan’s Mitsubishi Heavy Industries Ltd. (MHI) to offer a CO2 capture solution for a floating production, storage, and offloading (FPSO) vessels while they produce oil and gas from offshore reservoirs.
Maersk CEO: 19 out of 25 green methanol-fuelled containerships already in production
Maersk, a pioneering force in the shipping industry, is well on its way to completing its ambitious newbuilding program comprising 25 ships powered by green methanol. Speaking at today’s historic naming ceremony for its first methanol-powered ship, Vincent Clerc, CEO of A.P. Moller Maersk, revealed
Finnlines names 1st of two Superstar vessels
The new ro-pax vessel Finnsirius, part of Finnlines EUR 500-million Green Investment Programme, was named at a festive ceremony in Naantali on 13 September 2023. Following the tradition at maritime namings, ship’s godmother Tiina Ahola, representing the Ahola Group, broke a bottle of champagne again
First UK-Germany energy link stays on track with construction ramping up
Prysmian has begun horizontal directional drilling (HDD) works that will allow the subsea cables for the first-ever energy link between the UK and Germany to be brought on land. Led by global investors Meridiam, Allianz Capital Partners, Kansai Electric Power and TEPCO, NeuConnect will become one of
German partners shake hands for autonomous offshore wind surveys
German offshore wind services provider WINDEA Offshore and marine data acquisition company Subsea Europe Services have entered a strategic sales partnership to provide autonomous surveying for the offshore wind industry. The two companies plan to deliver hydrographic survey and underwater inspection
UK: Offshore energy jobs could double by 2030 if successful transition from fossils to renewables is achieved
A new report by Robert Gordon University has found that the UK offshore energy workforce can increase by up to 50% from over 150,000 in 2023 to 225,000 by the end of the decade with new renewable jobs outnumbering oil and gas roles if a successful transition is achieved.
TotalEnergies launches call for tenders for green hydrogen supply
As part of the decarbonization of its European refineries, French major TotalEnergies is launching a call for tenders for the supply of 500,000 tons per year of green hydrogen. The company claimed that green hydrogen would make it possible to avoid the emission of around five million tons of CO2 per
BP cheers stamp of approval for oil & gas project in North Sea
BP has received the green light from Britain’s government to proceed with its proposed development of an oil and gas field in the UK sector of the North Sea.
Amazon, IKEA and other major retailers launch zero-emission shipping tender
Zero Emission Maritime Buyers Alliance (ZEMBA), a non-profit organisation that includes major retail brands, has launched a Request for Proposals (RfP) for 600,000 twenty-foot containers (TEUs) over a three-year period on ocean vessels powered by zero-emission fuels.