Classification society DNV presented Hanwha Ocean, the South Korean shipbuilder formerly known as DSME, with an Approval in Principle (AiP) for a 270,000cbm LNG carrier. The new 345m long LNG carrier by Hanwha Ocean was heralded as a “ground-breaking achievement” by Vidar Dolonen, Regional Manager,
BOEM has set a date for the next offshore oil and gas lease sale for acreage in the Gulf of Mexico (GOM) to comply with a court order.
Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,
The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w
The Welsh government’s minister for climate change Julie James has visited south-west Wales to see first-hand the work being done in Pembrokeshire to advance the development of renewables, including marine energy.
Norwegian authorities have given their blessing for the start-up of the ConocoPhillips-operated cross-border field in the North Sea.
Aker BP has received consent to use one of Odfjell Drilling’s rigs for production drilling on two fields located in the North Sea off Norway.
London-based carbon capture company Carbon Clean has joined forces with Korean construction and project management company Samsung Engineering Co. (SECL) to explore opportunities for onboard carbon capture solutions projects. The two companies have formalized a Joint Development Agreement (JDA) and
A consortium – comprising Qatar’s QatarEnergy, the UK’s BP, and Italy’s Eni – has been awarded a new exploration block offshore Egypt.
A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships co
Blue economy developer Simply Blue Group and Ireland’s premier energy company ESB have partnered up to pool expertise and resources to deliver a pioneering 5MW wave energy farm, located close to the Co Clare coast in Ireland.
In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern
MW Energy, a joint venture between Abu Dhabi Future Energy Company (Masdar) and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore at least 500MW capacity of clean energy projects, including floating solar power,
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
