A total of 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022, data from NGO Shipbreaking Platform shows. Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, In
The Korean Register and Liberian Registry have awarded Approval in Principle (AiP) to the Hyundai Intelligent Navigation Assistant System (HiNAS 2.0) for autonomous shipping. The system, developed by Avikus, a subsidiary of South Korean shipbuilding major Hyundai Heavy Industries, uses augmented rea
The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie
Australian Transport Safety Bureau (ABTS) has concluded the investigation of a fire incident onboard the world’s first LH2 carrier Suiso Frontier that took place on 25 January 2022 on its maiden voyage. The ABTS’ investigation has found that the failure of an incorrectly-fitted electrical solenoid v
Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover
Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.
U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.
Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub
New Energy and Industrial Technology Development Organisation (NEDO) has adopted a feasibility study for a demonstration project of green ammonia production in Chile conducted by Mitsui & Co and Toyo Engineering Corporation as one of the ‘International Demonstration Projects on Japan’s Energy Effici
Environmental activists have boarded Boskalis vessel, which is transporting a circular FPSO destined for Shell’s oil & gas project off the UK.
Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.
McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,
Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
