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Business & Finance

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Malaysian player secures work on solar-powered platform destined for Shell’s gas project
Business & Finance

Malaysian player secures work on solar-powered platform destined for Shell’s gas project

Perunding Ranhill Worley has won a deal for a platform, which will be deployed at Shell’s gas project off Malaysia.

about 3 years ago
In focus: Gas still runs the show but bets on hydrogen threaten to steal it
Business & Finance

In focus: Gas still runs the show but bets on hydrogen threaten to steal it

Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game?

about 3 years ago
Icon of the Seas
Business & Finance

Meyer Turku floats out Royal Caribbean’s 1st LNG-powered cruise ship

Icon of the Seas, which is being built at the Meyer Turku shipyard, was launched on Friday, December 9, 2022. Over the weekend, the ship will be moved to the outfitting dock, where its now fully assembled hull will receive final outfitting. The shipyard celebrated the float-out with a ceremonial can

about 3 years ago
ExxonMobil earmarks $17 bln to step up lower-emission efforts over next five years
Business & Finance

ExxonMobil earmarks $17 bln to step up lower-emission efforts over next five years

ExxonMobil has hammered out its five-year corporate plan, ramping up its spending to $17 billion on GHG emission-reduction projects.

about 3 years ago
Plan for SolarDuck's offshore floating demonstrator in Tokyo Bay (Courtesy of SolarDuck)
Business & Finance

SolarDuck set to build Japan’s first offshore floating solar demonstrator

Dutch-Norwegian company SolarDuck has been awarded a contract to develop Japan’s first offshore floating solar power generation and automated sailing boat technology demonstrator together with local partners.

about 3 years ago
Report: Gas price caps could put exploration investments and energy security at risk
Business & Finance

Report: Gas price caps could put exploration investments and energy security at risk

Gas price caps would decrease the incentive for exploration in Australia and risk security of long-term supply, says report.

about 3 years ago
IMO
Business & Finance

IMO ready to make the plunge toward zero emissions goal by 2050?

Countries seem to be prepared to phase out shipping’s emissions by 2050, based on the first rounds of technical talks at the UN’s maritime regulator International Maritime Organization (IMO). Furthermore, support appears to be building for the IMO to also adopt an ambitious 2030 interim target for c

about 3 years ago
Baker Hughes and Woodside join forces for natural gas decarbonisation
Business & Finance

Baker Hughes and Woodside join forces for natural gas decarbonisation

US energy tech giant Baker Hughes and Australian energy company Woodside have entered into a memorandum of understanding (MoU) to explore initiatives that may have the potential to support Woodside’s climate strategy and decarbonisation pathways. Under the MoU, the parties will identify opportunitie

about 3 years ago
With improved liquidity comes credit rating upgrade for Weatherford
Business & Finance

With improved liquidity comes credit rating upgrade for Weatherford

Weatherford International has been assigned an upgrade in credit rating from B- to B with a stable outlook by S&P Global Ratings (S&P).

about 3 years ago
Is gas greener than oil in terms of emissions?
Business & Finance

Is gas greener than oil in terms of emissions?

While pondering whether gas is the green choice to bolster decarbonisation, Wood Mackenzie has been reviewing Scope 1, 2 and 3 emissions.

about 3 years ago
Guyana partners wrap up deal to fund upcoming exploration well
Business & Finance

Guyana partners wrap up deal to fund upcoming exploration well

Partners in the Corentyne block offshore Guyana have completed the previously announced agreement for the block.

about 3 years ago
Maersk
Business & Finance

Industry calls for higher ambition in FuelEU, introduction of performance multipliers

Danish Shipping, Methanol Institute, and World Shipping Council are calling for increased ambition in the FuelEU, maximising GHG intensity reduction from 2035 to 2050 and supporting early use of green e-fuels. The FuelEU Maritime proposal requires ships to reduce the GHG intensity of their fuels by

about 3 years ago
Scrubber
Business & Finance

Clean Marine gears up for another flurry of scrubber orders

Another surge of scrubber retrofit orders seems to be on the cards as owners seek to reap fruits from the VLSFO- HSFO (Hi-5) spread. The lead-up to IMO 2020 saw a peak interest in scrubber investments as shipowners lined up to get vessels retrofitted or built with scrubbers in shipyards. However, ov

about 3 years ago
The signing of the agreement between Ordu Enerji and Eco Wave Power (Courtesy of Eco Wave Power)
Business & Finance

Eco Wave Power signs deal for 77MW wave energy plant in Black Sea

Eco Wave Power has entered into an agreement with OREN Ordu Enerji for the potential construction of an up to 77MW wave energy installation in Ordu in Türkiye.

about 3 years ago
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