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Low-Carbon Transition

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Low-Carbon Transition

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 10 months ago

CO2 Collection Terminal; Source: Höegh Evi

Low-Carbon Transition

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

about 10 months ago

Low-Carbon Transition

Northern Lights’ liquefied CO2 carrier arsenal grows as third vessel joins its fleet

China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a new liquefied carbon dioxide (LCO2) carrier to Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies.

about 10 months ago

Low-Carbon Transition

Dutch CO2 quintet paving the way for Northwest Europe’s cross-border CCS network

Five Dutch CO2 infrastructure projects, which signed grant agreements under the Connecting Europe Facility (CEF Energy), have set their cap on spotlighting how their collaboration lays the groundwork for a cross-border CO2 transport and storage network, linking emitters in Northwest Europe with perm

about 10 months ago

Illustration; Source: Offshore Energies UK (OEUK)

Low-Carbon Transition

£50 billion going down the drain as UK keeps oil & gas windfall tax in place

As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the

about 11 months ago

MESH and existing energy infrastructure and projects surrounding it; Source: EnergyPathways

Low-Carbon Transition

Fourfold boost in store for UK’s wind-powered gas and hydrogen storage project with license submission

England-based energy transition-focused player EnergyPathways has handed in an application for an enlarged gas storage license, covering the natural gas and hydrogen storage elements of its flagship project, located off the Cumbria coast in the East Irish Sea.

about 11 months ago

Low-Carbon Transition

Sonardyne adds another task to its contract for UK’s first offshore CCS project

Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough

about 11 months ago

Rendering of possible configuration of the IQuay Regas Terminal; Source: ECOnnect Energy

Low-Carbon Transition

Floating regas solution gains ground: ECOnnect scores double pre-FEED win on LNG import projects

Norway’s technology company ECOnnect Energy has picked up two preliminary front-end engineering design (pre-FEED) deals for its modular regasification (regas) solution, said to be designed for faster delivery and be more cost-efficient than traditional floating storage and regasification units (FSRU

about 1 year ago

Low-Carbon Transition

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 1 year ago

Illustration; Source: Environmental Defense Fund Europe (EDFE)

Low-Carbon Transition

€4.5 trillion investor coalition urges EU to hold the line on methane cuts

The European Union (EU) is facing pressure to uphold its methane regulation amid the climate push from 42 institutional investors, with over €4.5 trillion in assets under management, which have warned that backtracking would undermine regulatory certainty and market stability, while also slowing pro

about 1 year ago

Low-Carbon Transition

EU’s 19th sanctions wave targets Russia’s energy lifelines: LNG ban, oil cap cut, and step-up in shadow fleet purge

The European Commission’s proposal for the 19th package of sanctions not only deepens the shadow fleet sweep with 180 new vessel listings, but also tightens the energy noose on the Kremlin with a liquefied natural gas (LNG) ban, marking a turning point in the EU’s attempt to wean itself off Russian

about 1 year ago

Dunkerque LNG terminal in Dunkirk, France; Courtesy of Fluxys

Low-Carbon Transition

Spain-headquartered Asterion comes on board France’s largest LNG terminal

On a European footprint expansion quest, Madrid-headquartered Asterion Industrial Partners, an investment management firm, has enlarged its energy portfolio with the acquisition of an interest in a liquefied natural gas (LNG) terminal, described as not only France’s largest LNG receiving and regasif

about 1 year ago

Low-Carbon Transition

Wärtsilä’s 15-year deal fortifying operational reliability of Chinese firm’s LNG vessel trio

Wärtsilä has won a multi-year lifecycle agreement for three liquefied natural gas (LNG) carriers with China LNG Shipping (International) Co. Ltd. (CLSICO), which is perceived to be designed to ensure operational reliability, enable flexibility in maintenance scheduling, and optimize the time between

about 1 year ago

Meridian purpose-built FPSO hull design; Courtesy of Yinson Production

Low-Carbon Transition

Deepwater frontiers calling: Yinson Production’s FPSO hull design with low-carbon kit wins DNV’s blessing

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification socie

about 1 year ago