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Environment - Offshore Energy

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Illustration; Source: International Energy Agency (IEA)

Environment

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago

Illustration; Source: The International Renewable Energy Agency (IRENA)

Environment

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago

Environment

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago

Environment

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago

Modular offshore platform; Source: Aquaterra Energy

Environment

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago

Environment

Is gas paving the way for the hydrogen revolution?

In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago

UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’

Environment

IMO appeals to member states for equipment to prevent catastrophic oil spill from FSO Safer

The International Maritime Organization (IMO) is urging Member States to contribute equipment to help UN-led efforts to prevent a possible catastrophic oil spill from the FSO Safer, a rapidly decaying floating storage offshore (FSO) unit moored off the Red Sea coast of Yemen. IMO is providing expert

about 3 years ago

Environment

UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a p

about 3 years ago

Environment

EEC: Sustainable shipbreaking an untapped area ripe for disruption

Elegant Exit Company (EEC), a sustainable ship recycling startup, is on a mission to change the ship recycling industry by converting old ships into green steel. The Drachten-based company was launched in 2020 with plans to own a fleet of end-of-life ships that will be operated until their planned r

about 3 years ago

Environment

Survey: 56 pct of shipowners are in ESG-linked tie-ups

The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain

about 3 years ago

New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea

Environment

Race against time begins as Euronav’s former VLCC heads to decaying FSO Safer to prevent catastrophic oil spill

A very large crude carrier the Nautica, bought last month by the UN Development Programme (UNDP) from Euronav, as part of UNDP’s coordinated operation to remove oil from decaying FSO Safer, has set sail from Zhoushan, China heading for the Red Sea. The Nautica was in drydock in Zhoushan, China for r

about 3 years ago

Oil barrels (illustration); Source: Equinor

Environment

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago

Environment

UMAS: 40 pct improvement in efficiency needed in this decade

A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030

about 3 years ago

Environment

IMO calls for urgent action as shadow fleet raises safety and liability concerns

The International Maritime Organization’s (IMO) Legal Committee has highlighted the risks and consequences of ship-to-ship transfers in the open ocean and the methods used to obscure ship identities. At its 110th session in London, the committee was informed that a fleet of between 300 to 600 tanker

about 3 years ago