Outlook & Strategy
Surveys mark start of preliminary work at Trinidad and Venezuela’s joint gas project
A geophysical and geotechnical survey are about to begin on a gas project being developed by Shell that is set to export gas from a field in Venezuela to the UK energy giant’s platform off Trinidad and Tobago, marking the start of preliminary work on the project. Chartered by Geohidra, a Venezuelan
Int’l port stakeholders ink declaration to decarbonize shipping
International port stakeholders gathered last week in Hamburg and signed a declaration on the decarbonization of global shipping.
Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel
Denmark-based marine fuels supplier Bunker One has set up a new entity, Bunker One LNG BV, that will manage the physical LNG fuel portfolio, with plans to commence the first deliveries in northwestern Europe as of January 2025. Through the newly established entity, Bunker One will expand its current
Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws
ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li
Baker Hughes and Repsol enhancing oil & gas production with AI-powered solutions
Baker Hughes has pooled resources with Spain’s Repsol to bring new artificial intelligence (AI) processes and workflows into play to unlock further improvements in the oil and gas production arena.
Global bulker fleet ‘slows down’ in response to decarbonization regulations, new research says
Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana
New EU-funded project launched to replace fossil fuels in maritime transport
A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra
Lhyfe and Elyse Energy’s e-methanol project in France gaining ground
The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.
New study pinpoints opportunities and challenges of OCCS to decarbonize shipping
The onboard carbon capture and storage (OCCS) technology has the potential to help maritime transport significantly reduce its greenhouse gas emissions; however, many challenges still need to be addressed, a new study has shown.
More sustainable and closely coordinated seabed management aim of new UK agreement
UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor
Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem
Germany accelerates climate-friendly shipping game
Germany’s government has unveiled the National Action Plan for Climate-Friendly Shipping to boost investments centered around maritime energy transition for the German industry.
LR: Fuel quality continues to be ‘critical issue’ for shipping industry
Ongoing concerns around fuel quality are still a critical factor and significant expense for the maritime industry, class society Lloyd’s Register (LR) said in a new report.
UK Chamber of Shipping charts a $915 million course to net zero in new budget proposal
The UK Chamber of Shipping has published a roadmap laying out the ways shipping in the UK could reach net-zero emissions by 2050 with a proposed plan for £700 million (circa $915.5 million) worth of investments in the upcoming Budget as part of efforts to aid the country in becoming a clean and ecol