The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
Hitachi Energy has secured a contract with Spanish and French electricity transmission operators to supply HVDC converter stations for the first subsea electricity interconnection between France and Spain. The contract for the Biscay Gulf interconnection has been awarded by Electricity Interconnecti
SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island.
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
MOL Clean Energy (MCE), a subsidiary of Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), has made a strategic investment in Ascension Clean Energy (ACE), a proposed global-scale clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. The strategic investment b
Australian Provaris Energy, former Global Energy Ventures (GEV), has launched the development of a large-scale production plant for green hydrogen at Ørskog in Ålesund municipality, Norway. The company has announced the development of the project in collaboration with Norwegian Hydrogen, stating it
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
A wildlife monitoring buoy has been deployed in the sea off the coast of Holyhead, marking a significant milestone for tidal energy in Wales, as the data gathered will inform future turbine installations at the Morlais tidal energy site as well as similar projects worldwide.
Texas-based energy company NextDecade has signed framework agreements with Global Infrastructure Partners (GIP), an independent infrastructure fund manager, and TotalEnergies, a French energy major, to enable the final investment decision (FID) for the Rio Grande LNG Phase 1 and to provide momentum
The Ports of Stockholm and the Freeport of Riga Authority have signed a Memorandum of Understanding (MoU) to work on a joint application for EU funding to reduce the impact of port activities on the environment. The partnership aims to enable further development of passenger terminals in the two cap
Large energy consumers, renewable energy producers and other members of the energy industry and its supply chain have in a joint letter urged for the faster final adoption of the revised EU’s Renewable Energy Directive.
Finnish technology group Wärtsilä has secured a contract to extend the capacity of the regasification system installed onboard the LNG Croatia, a floating storage and regasification unit (FSRU) owned by Zagreb-based LNG Croatia. Under the contract, Wärtsilä will extend the capacity of the 280-metre-
Toxic air pollutants from cruise ships around ports are higher than pre-pandemic levels, leading to increased air pollution in Europe’s port cities, a new Transport & Environment study shows. The study indicates that despite introducing the UN shipping body’s sulphur cap in 2020, Europe’s 218 cruise
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
