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Transition

Varma invests in green transformation of ESL Shipping

Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.

about 2 years ago

Transition

DNV carries out overhaul of ‘go-to standard’ for oil & gas, subsea, and offshore wind ops

DNV has taken steps to undertake a significant revamp of the standard used for the design and planning of marine operations.

about 2 years ago

Transition

Final piece of European Investment Bank’s €1.9 billion financing puzzle for Italy’s subsea electricity link slides into place

Terna and the European Investment Bank (EIB) have inked a deal for the final tranche of the €1.9 billion financing for the Tyrrhenian Link.

about 2 years ago

Transition

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, the President and CEO of QatarEnergy; Courtesy of QatarEnergy

Transition

QatarEnergy’s CEO: Transition to low-carbon and green future hinges on balancing the energy trilemma scales

QatarEnergy’s CEO believes the energy transition jackpot can be hit by employing a balancing act between energy security, affordability, and sustainability.

about 2 years ago

Transition

TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

about 2 years ago

Courtesy of the European Commission; Credit: Mauro Bottaro

Transition

CCS, nuclear come under fire as EU sets 2040 climate goals, broadens scope of Net-Zero Industry Act

The European Council and Parliament reached a provision deal on Tuesday, February 6, on the ‘net-zero industry act’ (NZIA), a regulation that establishes a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem. The regulation aims at boosting the indus

about 2 years ago

Transition

Carnival inches close to its 2030 emission reduction targets

The world’s largest cruise company Carnival Corporation & plc is on track to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 compared to 2019. The achievement is just a few points shy of its 20% reduction goal originally targeted fo

about 2 years ago

Transition

New South Wales and Tokyo expand partnership to include hydrogen

The Australian state of New South Wales (NSW) and Japan’s capital Tokyo have signed two memoranda of understanding (MoU) that center on topics such as clean economy transition and hydrogen. According to the NSW Department of Planning and Environment, the first MoU marks a renewed commitment to progr

about 2 years ago

Transition

New industry-academia collab wants to reduce cost of green hydrogen production

Spanish materials technology company Matteco has partnered with Siemens Energy and Horiba, as well as the Institute of Molecular Sciences (ICMol) of the University of Valencia, and the Helmholtz Institute Erlangen-Nuremberg for Renewable Energies (HI ERN) to develop a sustainable, efficient, and sca

about 2 years ago

Transition

Viking Line, Ports of Stockholm and Turku eye carbon-neutral corridor by 2035

Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal

about 2 years ago

Argos platform in the Gulf of Mexico; Source: BP

Transition

BP’s profit cut in half but $13.8 billion still cinched in 2023

Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

about 2 years ago

Transition

K Line to manage Northern Lights’ 3rd LCO2 carrier

Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery

about 2 years ago

Transition

Green light for Italy’s €1.3 billion, 1 GW submarine power line

Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de

about 2 years ago