Norwegian shipping company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the European Union Emission Trading System (EU ETS).
Norwegian tanker shipping heavyweight Frontline announced that the Emergency Arbitration claims filed by its Belgian counterpart Euronav have been fully dismissed by the Emergency Arbitrator. “The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Fro
Dutch tank storage company Vopak has decided to acquire the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, and gain access to the Gunvor concession in the Antwerp port area, with an aim to sustainably redevelop the site to support renewable energy. The site’s size is some 105
Danish marine fuel supplier Monjasa and HØST PtX Esbjerg have signed a Commercial Collaboration Agreement (CCA) on logistics services and offtake of green ammonia for the maritime sector. Under the terms of the deal, Monjasa will provide logistics services that will enable the distribution of green
French-headquartered energy giant TotalEnergies has been awarded two offshore licenses to explore CO2 storage potential in the Danish North Sea.
Novatek, an independent natural gas producer in Russia, and Deepak Fertilisers and Petrochemicals Corporation, India’s producer of fertilisers and industrial chemicals, have signed a non-binding Memorandum of Understanding (MoU) regarding the supply of LNG and low-carbon hydrogen and ammonia. The Mo
The court hearing for the controversial Bay du Nord offshore oil project was expected to kick off last week, however, this was not the case. What does this mean for the project? Is the hearing cancelled or just postponed until a later date?
Fortescue Future Industries (FFI), a global green energy company, has advanced its Holmaneset project in Norway to the next phase, providing potential for the development of a 300 MW green hydrogen and green ammonia facility and supporting infrastructure. In partnership with local Norwegian consulta
Energy companies HH2E and LEAG have signed a Memorandum of Understanding (MoU) in which they confirmed their intention to work together to set up a regional and national green hydrogen economy in Germany. According to HH2E, this should happen in connection with planned projects of both companies in
The Sunrise Joint Venture (SJV), comprising operator Woodside Energy (33.44%), TIMOR GAP (56.56%), and Osaka Gas Australia (10.00%), have committed to undertake a concept select program for the development of the Greater Sunrise fields. Woodside said the SJV will consider all of the key issues for d
Gasgrid Finland, a Finnish state-owned company and transmission system operator, has announced that a joint hydrogen valley project, BalticSeaH2, between Finland and Estonia is underway. Gasgrid said the 5-year project will next proceed to the preparation of a financing agreement with the Clean Hydr
A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
