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Storage of natural gas and hydrogen ‘fundamental’ to tackling energy crisis and decarbonisation
Collaboration

Natural gas and hydrogen storage ‘fundamental’ to tackling energy crisis and decarbonisation

Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.

about 3 years ago
shipping/Marine insurers
Collaboration

Landmark report shows marine insurers’ portfolios not measuring up to IMO, Paris targets

A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la

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about 3 years ago
Karpowership to help ease Ukraine’s energy crisis via floating power stations
Collaboration

Karpowership to help ease Ukraine’s energy crisis via floating power stations

Turkey’s floating power plant company Karpower International (Karpowership) has signed a memorandum of understanding (MoU) with state-owned trader JSC Energy Company of Ukraine (ECU) to enhance electricity supply cooperation and accelerate the use of floating power stations to alleviate the nation’s

about 3 years ago
Conceptual image of the LCO2 demonstration test ship. Photo: MHI
Collaboration

Four Japanese majors team up on CCS value chain study utilizing ship transportation

Japanese heavyweights ITOCHU Corporation, Mitsubishi Heavy Industries, INPEX Corporation and Taisei Corporation have joined hands to conduct a joint feasibility study on a large-scale and wide-area carbon capture and storage (CCS) value chain project. Under the Memorandum of Understanding (MoU), the

about 3 years ago
PCL, PaxOcean, ABS to explore retrofitting ships to run on methanol
Collaboration

PCL, PaxOcean, ABS to explore retrofitting ships to run on methanol

Singapore-based shipping company Pacific Carriers Limited (PCL) and compatriot PaxOcean Holdings Pte (PaxOcean) have teamed up with classification society ABS to explore the use of methanol for the PCL’s fleet.

about 3 years ago
ExxonMobil
Collaboration

Nippon Steel, Mitsubishi Corp, and ExxonMobil ally on CCS

Nippon Steel Corporation, Japan’s steel producer, Mitsubishi Corporation, a global integrated business enterprise that develops and operates businesses, and ExxonMobil Asia Pacific, an energy and petrochemical company, have signed a Memorandum of Understanding (MoU) to jointly study carbon capture a

about 3 years ago
Woodside sets its sights on sanctioning and bringing online multiple energy projects this year
Collaboration

Australian giant sets its sights on sanctioning and commissioning several energy projects this year

A deep dive into Woodside’s recent activities related to ongoing projects and financial and operational results for 4Q 2022.

11 minutes read
Maersk
Collaboration

Maersk, MSC call it quits on 2M alliance

Container shipping giants MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have agreed to terminate the 2M alliance, effective in January 2025. 2M is a container shipping line vessel sharing agreement (VSA) signed by the duo in 2015 with the aim of ensur

about 3 years ago
PIL
Collaboration

PIL turns to LR for fleet emission reduction

Singapore-based Pacific International Lines (PIL) has partnered with Lloyd’s Register’s fleet optimisation experts, i4 Insight, to help it reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. PIL recently opened a ‘Centre for Maritime Efficiency (CME) which is power

about 3 years ago
WATCH: New documentary shines a light on workers behind UK’s changing offshore energy industry
Collaboration

WATCH: New documentary shines a light on workers behind winds of change in UK’s offshore energy industry

OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.

about 3 years ago
Germany joins France, Portugal and Spain on H2Med project
Collaboration

Germany joins France, Portugal and Spain on H2Med project

Germany will join the H2Med, a subsea hydrogen pipeline project being jointly developed by France, Spain and Portugal. The extension of the H2Med pipeline to Germany was revealed in the Franco-German declaration on the occasion of marking the 60th anniversary of the Elysee Treaty on 22 January. Fran

about 3 years ago
European energy woes spur ‘all-time high’ demand for Norwegian gas
Collaboration

European energy woes spur ‘all-time high’ demand for Norwegian gas

Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”

about 3 years ago
Equinor and PGS extend cooperation for another two years
Collaboration

Equinor and PGS extend cooperation for another two years

Norwegian state-owned energy giant Equinor has exercised an option to extend the multi-year 4D framework agreement with PGS, established in March 2021, by two additional years. The framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreem

about 3 years ago
Alaska’s latest lease sale shows ‘demand for Cook Inlet natural gas remains high’
Collaboration

Harvest and IGU to deliver LNG to Fairbanks, Alaska

Texas-based Harvest Midstream has made a long-term agreement with Alaska-based Interior Gas Utility (IGU) to construct a natural gas treating, liquefaction, and truck-loading facility in Alaska. According to Harvest, pending regulatory approvals, construction of the facility is expected to begin in

about 3 years ago