Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte
AW-Energy, a Finnish near-shore wave energy technology developer, has signed a memorandum of understanding with Kaoko Green Energy Solutions for the deployment of WaveRoller wave energy farms offshore Namibia.
Danish container shipping heavyweight Maersk has hailed the agreement reached on the new FuelEU Maritime regulation, a first-of-its-kind legislation designed to speed up the adoption of green fuels and promote decarbonisation in the shipping industry by the end of the decade. FuelEU Maritime takes a
BP, TotalEnergies, Eni, ExxonMobil and Chevron have revealed strong operating and financial performance in the first quarter of 2023.
Marine renewable energy developer ORPC has signed a contract with Shell Technology – Marine Renewable Program to initiate a modular RivGen power system demonstration project in the Lower Mississippi River. ORPC said that the collaborative project represents an opportunity to showcase how the next ge
MISC Berhad has unveiled – what it deems to be – the world’s first future-ready newbuild floating production storage and offloading vessel.
OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.
The California Senate Bill 605 for wave and tidal energy, introduced by senator Steve Padilla of Chula Vista, has passed two US government committees and has now moved to the Senate Appropriations Committee for further consideration.
GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.
Classification society DNV has joined a working group that aims to develop a technical reference (TR) for methanol bunkering for Singapore, the world’s largest bunkering hub. DNV announced at Singapore Maritime Week that it joined the multi-stakeholder working group on methanol bunkering, managed by
Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i
The US Ocean Energy Safety Institute (OESI) has launched a request for proposals, targeting small-scale marine energy solutions for offshore wind and oil & gas operations, and utility-scale devices that enhance marine energy operations.
Five finalists have made it to the shortlist for the second Nor-Shipping Ocean Solutions Award after o a heated jury debate. The accolade aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the inaugural prize in 2022, with this year’s winner
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter
