Brazilian state-owned oil company Petrobras has decided to exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu.
On 29 April, Bermuda-based ship owning and chartering company SFL Corporation Ltd. successfully placed $150 million in senior unsecured sustainability-linked bonds due 12 May 2026.
Ships with scrubbers will emit at least 10 gigatonnes (Gt) of scrubber washwater each year absent additional regulations, the International Council on Clean Transportation (ICCT) said in a report. As disclosed, the entire shipping sector carries about 11 Gt of cargo each year. Nearly all of the wash
University researchers from UK and Germany have conducted a study on turbulent tidal flows and their effect on foraging habits of seabirds which could potentially allow them to predict how species might respond to the increased future development of ocean renewable energy sites and climate change.
Bermuda-based ship owner and charterer SFL Corporation Ltd. is to order two new dual-fuel 7,000 CEU car carriers that will be chartered out to an unnamed European automobile manufacturer.
Over the past few years, and especially in 2020, new geographical areas have been getting onto the offshore wind map and are likely to have their first projects up and running in the next decade, or the time leading up to 2050 – when renewable energy and other energy transition developments should b
Of the 204 ships broken in the first quarter of 2021, 155 ships were sold to the beaches of South Asia, notorious for poor work safety and environmental practices, the latest report from NGO Shipbreaking Platform shows. According to the report, Greek ship owners sold the most ships to South Asian ya
7% of the EU’s shipping fuels need to be green by 2030 for the sector to decarbonise by mid-century, a new study released by environmental NGO Transport & Environment (T&E) shows. The study analyses technical, operational and fuel options that could help cut EU shipping emissions in line with the EU
Oil and gas company Lundin Energy has sold the world’s first-ever certified carbon neutrally produced oil to Saras S.p.A from its Edvard Grieg field offshore Norway.
The Biden administration has committed to working with the International Maritime Organization (IMO) to adopt a goal of achieving zero emissions from international shipping by 2050. The White House said it would aim to adopt ambitious measures that will place the sector on a pathway to achieve this
Seven flag states and classification societies have united to launch the Maritime Technologies Forum (MTF) which will seek to bridge the gap between technology knowledge and regulatory process.
The Panama Canal has launched its process of decarbonizing its operations, targeting to become carbon neutral by 2030. The waterway is seen as a solid way for shipping companies to cut their environmental footprint being a shorter route for ships. In 2020, the canal authority said it had contributed
U.S. supermajor ExxonMobil has announced its vision for a massive $100 billion carbon capture and storage (CCS) project which it believes will be critical to meeting Paris Agreement emission-reducing goals.
Nigeria’s president has restored four oilfield licenses to Addax Petroleum, a company controlled by China’s Sinopec, overruling a previous revocation from the country’s petroleum regulator.
