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Environment - Offshore Energy

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Environment

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

50 minutes read

Environment

Biodiesel surges ahead in confidence as shipping industry weighs maritime fuel options

Biodiesel has topped the poll of the second edition of the Sustainable Maritime Fuel (SMF) Fest Confidence Index, pushing the 2023 winner, liquefied natural gas (LNG)-biomethane to second runner, while LNG e-methane managed to hold onto its position as number three. It is understood that the first S

about 1 year ago

Environment

UK’s first CO2 injection nears reality as final preparations are underway (Video)

Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro

about 1 year ago

Environment

OEEC: CCS will employ as many people as oil & gas at its peak

Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply

11 minutes read

Environment

Fugro on ground investigation duty for Equinor’s European CO2 highway

Fugro is performing a comprehensive ground investigation offshore Belgium for a new CO2 highway developed by Norwegian state-owned energy giant Equinor which will be used for transporting CO2 between mainland Europe and Norway. Fugro said its data acquisition will allow Equinor to quickly calculate

about 1 year ago

Environment

Russian ‘shadow fleet’ tanker sinks, another runs aground in Kerch Strait

Two tankers linked to the so-called Russian ‘shadow fleet’ encountered a storm near the Kerch Strait and were heavily damaged. As a result, one of the vessels split into two and sank while the other one ran aground.

about 1 year ago

Environment

MSC urged to align operations with global standards amid environmental violations

One of the world’s largest container shipping companies, Switzerland’s Mediterranean Shipping Company (MSC), has been put under the spotlight for its “substandard and hazardous” dismantling of obsolete vessels on tidal beaches in South Asia, the Belgium-based NGO Shipbreaking Platform has stressed.

about 1 year ago

Environment

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago

Large-scale North Sea CO2 storage gallops ahead as Danish project reaches FID

Environment

EU’s first full-scale CO2 storage facility gallops ahead as Danish project reaches FID

The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On

about 1 year ago

Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy

Environment

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago

Environment

Danish HØST PtX Esbjerg project gains ground

The Danish Environmental Agency has granted the HØST PtX Esbjerg project the primary environmental approvals – EIA approval of the project and environmental approval of the facility, marking a milestone in the project’s development.

about 1 year ago

Environment

Sustainability at sea: Hapag-Lloyd slashes emissions with ITCH solution

As part of its sustainability endeavors, German container shipping line Hapag-Lloyd has revealed that it cut down on harmful emissions by implementing Shipshave’s In Transit Cleaning of Hull (ITCH) solution which was documented and confirmed by Norway’s classification society DNV. As disclosed, in o

about 1 year ago

A large vessel at sea with two smaller ones next to it

Environment

Renewed focus on energy security prompts nearly $2 trillion investment in clean energy since 2020, IEA finds

The International Energy Agency (IEA) has published its first report exploring the evolution of the global energy policy landscape over the last 12 months by providing an overview of policies, legislation, spending, and general progress countries and sectors are making on their energy transition jou

about 1 year ago

Environment

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read