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Outlook & Strategy

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Antonio Guterres, UN Secretary-General; Credit: Kiara Worth/UNFCCC
Outlook & Strategy

UN adopts historic High Seas Treaty

The UN’s 193 member states adopted a legally binding marine biodiversity agreement on Monday following nearly two decades of negotiations over forging a common wave of conservation and sustainability in the high seas beyond national boundaries – covering two thirds of the planet’s oceans. It forms t

about 3 years ago
Credit; IISD/ENB/Kiara Worth
Outlook & Strategy

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

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The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago
WoodMac: Gas resource holders in LNG vs. ammonia dilemma
Outlook & Strategy

WoodMac: Gas resource holders in LNG vs. ammonia dilemma

According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an

about 3 years ago
Vito platform in the U.S. Gulf of Mexico; Credit: Shell
Outlook & Strategy

Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie

Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

With peak oil demand in sight, is the end of the black gold era really approaching?

The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.

about 3 years ago
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
Outlook & Strategy

SEA-LNG: LNG has half the lifetime cost of methanol and ammonia

The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme

about 3 years ago
FSO Safer
Outlook & Strategy

EEC expresses interest in recycling FSO Safer as salvage operation moves forward

Netherlands-based Elegant Exit Company (EEC), which specializes in the sustainable recycling of veteran ships by converting them into green steel, has voiced interest in recycling FSO Safer. The rapidly decaying supertanker is at the center of a United Nations-led mission worth over $100 million to

about 3 years ago
Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030
Outlook & Strategy

Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030

In a first-of-its-kind report, International Energy Agency (IEA) has presented how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030. The report called Renewable Hydrogen from Oman: A Producer Economy in Transition is the first IEA

about 3 years ago
Shipping
Outlook & Strategy

GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb

about 3 years ago
ammonia-powered
Outlook & Strategy

Clarksons: 48% of orderbook embracing alternative fuels with 191 ships ammonia-ready

A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo

about 3 years ago
First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer
Outlook & Strategy

First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer

SABIC Agri-Nutrients, a petrochemical company from Saudi Arabia, in collaboration with energy company Aramco, has sent the first commercial shipment of low-carbon ammonia to Taiwan Fertilizer Company. On its social media, SABIC said the shipment reflects its commitment to delivering low-carbon solut

about 3 years ago
Illustration; Source: EIA
Outlook & Strategy

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago
DNV SMF
Outlook & Strategy

DNV study: Overwhelming majority of seafarers in need of advanced tech & new fuels training

A staggering 81 percent of seafarers expressed a necessity for partial or complete training to effectively handle the advanced technologies expected to be deployed on future ships, a DNV study has found. Additionally, over 75 percent of respondents (Deck and Engine Officers 78%) indicated a need for

about 3 years ago
OCCS
Outlook & Strategy

Maritime powerhouses forge alliance to harness onboard carbon capture

Maritime leaders have formed an elite working group to study onboard carbon capture technologies as a solution to help decarbonize the maritime industry while enabling the existing ships to continue burning fossil fuels. The collaborative project brings together ABS, Diana Shipping Services, Equinor

about 3 years ago