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Environment

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BIMCO
Environment

BIMCO moves to tackle shipping’s plastic footprint

BIMCO, the world’s largest shipowners’ association, is looking at a number of initiatives to approach how shipping can reduce its plastics footprint in light of delays in international action and discussion.

about 5 years ago
UN Security Council
Environment

UN: No progress on accessing ‘ticking bomb’ FSO off Yemen

The international efforts carried out over the past year to assess the risk of a massive oil leak or explosion from the Safer, a stricken FSO moored off the coast of Yemen, have been largely unsuccessful. The condition of the floating storage and offloading unit, which is anchored 60 km north of the

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about 5 years ago
energy transition
Environment

In focus: Challenge accepted by oil major while Norway answers offshore wind calls

As the energy transition is unravelling, the industry is paving the way to net-zero by pushing for further emission cuts and new fuels and vessels.

about 5 years ago
Saad Sherida Al-Kaabi - Qatar Petroleum
Environment

Qatar Petroleum CEO warns of dangers of stopping oil & gas investments

Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.

about 5 years ago
In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency
Environment

In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency

A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental

about 5 years ago
antwerp
Environment

Carbon pricing: Have we reached the tipping point?

The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to

about 5 years ago
shipping
Environment

IEA: Shipping to miss zero emissions target in 2050

Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically

about 5 years ago
Carbon dioxide injection
Environment

In focus: Carbon capture and storage as key element in achieving decarbonisation

In this edition of In focus, we’ll be looking at ways through which the offshore energy sector is working to reduce carbon emissions.

about 5 years ago
Courtesy of ABS
Environment

In focus: Recent developments in the energy transition race

With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.

about 5 years ago
Ocean Harvesting Technologies’ wave energy technology
Environment

In focus: In pursuit of carbon-neutrality – the holy grail of energy transition

In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ

about 5 years ago
Omex Peace
Environment

HSHI delivers world’s 1st silent product carrier

Hyundai Samho Heavy Industries (HSHI), a shipbuilding arm of Korea Shipbuilding & Marine Engineering, has built and delivered a 115,000 dwt product carrier which has obtained the Silent E-Notation from DNV. The LR2 tanker, named Onex Peace, is owned by UAE-based energy trading company Onex DMCC, and

about 5 years ago
Illustration; Source: NRGI
Environment

NRGI: State oil firms could waste $400 billion as energy shift accelerates

State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.

about 5 years ago
port
Environment

Majority of world’s ports still don’t use digital tech

The majority of the world’s 4,900 ports are not yet using digital technology for even the most basic processes, Innovez One, a Singapore-based provider of smart-tech and AI solutions for the maritime sector, said.

about 5 years ago
Rotterdam
Environment

BIMCO: Ship operation in line with new compliance regime counter-intuitive of efficient shipping

The recently approved amendments to MARPOL Annex VI to introduce requirements to the operational efficiency of ships, the Carbon Intensity Indicators, promise to introduce a completely new compliance regime in the sector. The introduction of carbon intensity targets to existing ships will be calcula

about 5 years ago