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Business & Finance

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Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?

The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.

about 3 years ago
QatarEnergy concludes 15-year LNG supply deal with Bangladesh
Business & Finance

QatarEnergy concludes 15-year LNG supply deal with Bangladesh

QatarEnergy’s LNG trading arm, QatarEnergy Trading, has inked a long-term LNG sale and purchase agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). The 15-year agreement will see QatarEnergy supply about 1.8 million tons per annum (mtpa) of LNG to Bangladesh, starting in

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about 3 years ago
FSO Safer; Source: Boskalis
Business & Finance

Boskalis on the cusp of starting inspection work to ward off oil spill threat from decaying tanker

Boskalis is getting ready to start a thorough inspection of a rapidly decaying FSO vessel moored off the Red Sea coast of Yemen.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago
Thenamaris delivers blue-ammonia cargo to China
Business & Finance

Thenamaris delivers blue-ammonia cargo to China

Athens-based ship manager Thenamaris LNG has delivered the first certified blue ammonia cargo to China. The delivery comes on the back of the first certified blue ammonia cargo to Korea in December 2022, showcasing the growing importance of ammonia as part of the global decarbonization efforts. The

about 3 years ago
Illustration; Source: Worley
Business & Finance

Shell gives three-year deal for its global projects to Worley

Shell Global Solutions International has picked Australia’s engineering company Worley to support its projects across the globe.

about 3 years ago
EEC
Business & Finance

EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant E

about 3 years ago
Illustration/Xfloat's floating solar technology (Courtesy of Xfloat)
Business & Finance

Xfloat bags $1M grant to advance floating solar technology

Israel-based company Xfloat has secured a $1 million grant to advance its floating solar technology together with the partners from the United States.

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Business & Finance

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago
Illustration; Source: Aquaterra Energy
Business & Finance

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago
NGO
Business & Finance

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago
Development of world’s largest carbon-free green hydrogen plant in full swing
Business & Finance

Development of world’s largest carbon-free green hydrogen plant in full swing

NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. The financial close was reached following the signing of financia

about 3 years ago
Modular offshore platform; Source: Aquaterra Energy
Business & Finance

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago
Yanghsan Port
Business & Finance

China’s Yangshan Port claims first place in 3rd Container Port Performance Index

Yangshan Port in China took the top position in the third edition of the global Container Port Performance Index (CPPI), despite periods of disruption caused by typhoons and various other factors in 2022. Developed by the World Bank and S&P Global Market Intelligence, the third edition of the CPPI i

about 3 years ago