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Transition - Offshore Energy

Transition

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Transition

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago

Fugro delivers milestone subsea inspection in the Middle East

Transition

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago

Transition

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago

Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore

Transition

Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition

Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t

about 3 years ago

Transition

July orders propel methanol past 200 ships mark

According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed

about 3 years ago

Transition

Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom

As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit

about 3 years ago

DeepOcean charters newbuild USV with hybrid diesel-electric propulsion

Transition

In focus: Decarbonisation gaining ever stronger foothold

Our news this week reflect the increasing activities in vessel decarbonisation and emission cutting in the oil and gas sector as offshore renewable energy continues to broaden both its geographical and technological reach and green hydrogen attracts new firm commitments. With new, more ambitious cor

about 3 years ago

Transition

Gibraltar bunker spill highlights the urgency to break free from fossil fuels. But how safe are the alternatives?

Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info

about 3 years ago

Transition

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago

Transition

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago

The North Field off Qatar; Source: Qatargas

Transition

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago

Transition

LNG is cheaper than VLSFO, Sea Intelligence says

Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee

about 3 years ago

Illustration; Source: The International Energy Agency (IEA)

Transition

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

about 3 years ago

Transition

Japan and UAE to deepen cooperation on clean energy

During a Japan-UAE business forum in Abu Dhabi, UAE’s President Sheikh Mohamed bin Zayed Al Nahyan and Japan’s Prime Minister (PM) Fumio Kishida affirmed the commitment of both countries to enhancing cooperation on climate action, decarbonization efforts and clean energy. In a statement, Japan’s PM

about 3 years ago