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Transition

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BP plans new hydrogen hub with repurposed oil&gas facilities in Germany
Transition

BP plans new hydrogen hub with repurposed oil&gas facilities in Germany

British energy company BP has revealed plans to evaluate the feasibility of building a new hydrogen hub and utilise repurposed oil and gas facilities to transport hydrogen in Germany. According to BP, the project would be located in Wilhelmshaven and include an ammonia cracker which could provide up

about 3 years ago
Wartsila
Transition

Wärtsilä: Volatile attitude toward digitalisation of maritime industry persists

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Some 78% of industry professionals agree that change and technological innovation are positive things for the maritime industry, according to a report by Wärtsilä Corporation. However, almost half (45%) admit to having a volatile attitude towards technology and over a third (36%) say they are active

about 3 years ago
UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms
Transition

UK’s first licensing round since 2019 brings 115 bids from 76 oil & gas firms

The UK’s 33rd offshore oil and gas licensing round has attracted a total of 115 bids across 258 blocks and part-blocks from 76 companies.

about 3 years ago
Rolls-Royce mtu engines with pure hydrogen pass trials
Transition

Rolls-Royce mtu engines with pure hydrogen pass trials

Technology company Rolls-Royce has conducted tests of a 12-cylinder gas variant of the mtu engines running on 100% hydrogen fuel, marking a step towards the commercial introduction of hydrogen solutions. The tests of a 12-cylinder gas variant of the mtu Series 4000 L64 engined powered by pure hydrog

about 3 years ago
Trafigura
Transition

Trafigura commits to carbon dioxide removal

As a founding member of the First Movers Coalition (FMC), commodities group Trafigura has committed to carbon dioxide removal as well as to purchase at least 50,000 tonnes of durable and scalable net carbon dioxide removal credits by the end of 2030 generated through advanced carbon dioxide removal

about 3 years ago
Incat
Transition

Incat: World’s largest LNG-powered aluminium catamaran to switch to batteries

South American ferry operator Buquebús is in talks with Australian catamaran builder Incat Tasmania on the possibility of replacing the LNG powerplant with a battery-electric solution on its newbuilding ferry under construction at the yard. Having an overall length of 130 metres, a width of 32 metre

about 3 years ago
Grimaldi
Transition

Grimaldi adds five more ammonia-ready car carriers to orderbook in China

Neapolitan shipping company Grimaldi Lines has ordered five additional ammonia-ready car carriers in China. The order went to Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), two subsidiaries of China State Shipbuilding Corporation Limited

about 3 years ago
Anthony Veder
Transition

Anthony Veder assigns LNG carriers for DRG’s LNG terminal in Lubmin

Dutch gas shipping company Anthony Veder has committed three LNG carriers to Deutsche ReGas (DRG) for its new floating LNG terminal in Lubmin, Germany. “We are proud that we have been selected by Deutsche ReGas for supporting in their floating LNG terminal,” Jan Valkier, CEO Anthony Veder said. “As

about 3 years ago
Illustration; Ammonia-ready
Transition

Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago
In focus: Is Europe the heart of the energy transition?
Transition

In focus: Is Europe the heart of the energy transition?

It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Transition

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
Maersk Methanol
Transition

Maersk Growth invests in green methanol

Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has revealed an investment in Berlin-based startup C1 Green Chemicals AG which specializes in the production of green methanol. The company has developed innovative technology enabling the mass production of green methanol without

about 3 years ago
Norvic Shipping
Transition

Norvic Shipping chartering newbuilds from Japan to meet CII regulations

Dry bulk operator Norvic Shipping has acquired a newbuild dry bulk vessel on a long-term period-charter from Japanese shipowner Fujimaru Kaiun. The new 64,000dwt Ultramax, to be named Norvic Copenhagen, will transport dry cargo for customers around the world following its delivery from Imabari Shipy

about 3 years ago
EU approves €1.1 billion Danish scheme for carbon capture and storage
Transition

EU approves €1.1 billion Danish scheme for carbon capture and storage

The European Commission has given its approval for a €1.1 billion scheme to support the roll-out of carbon capture and storage (CCS) technologies in Denmark. The aid will be awarded through a competitive tendering procedure open to companies active in any industrial sector, including the waste and e

about 3 years ago