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Transition

CMA CGM, ENGIE investing in biomethane production to meet shipping needs

French shipping major CMA CGM Group and compatriot utility company ENGIE have unveiled plans to co-invest in the Salamander project, known as the first industrial and commercial unit for second-generation biomethane production. As described, the Salamander project is the application on an industrial

about 4 years ago

Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)

Transition

Orbital Marine secures €9.2M tidal energy funding

Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.

about 4 years ago

Transition

MPC Container Ships orders two carbon-neutral 1,300 TEU vessels for North Sea ops

Norwegian container tonnage provider MPC Container Ships ASA has ordered two carbon-neutral 1,300 TEU newbuildings at Chinese shipyard Taizhou Sanfu Ship Engineering.

about 4 years ago

As merger with Lundin goes into effect, Aker BP unveils plans to spend more than $15 billion on projects

Transition

As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects

The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.

about 4 years ago

Transition

Zero Carbon Center gets funding for 1st Book & Claim System

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has secured funding to initiate first of its kind Book & Claim System for shipping.

about 4 years ago

Italian drilling contractor to bring Nabors’ suite of tech options to European and African energy firms

Transition

Italian contractor to bring Nabors’ suite of tech options to Europe and Africa

Hydro Drilling will deploy Nabors’ technologies and services in Europe and Africa to improve hydrocarbon production and curb emissions.

about 4 years ago

Illustration/Hexicon floating wind technology (Courtesy of Hexicon)

Transition

In focus: Offshore industry forms decarbonization tie-ups, as need for more renewable energy investments grows

Despite the projections stating the global energy investments are to reach $2.4 trillion this year, much more is still needed to successfully tackle the issues of energy security and climate crises globally

about 4 years ago

Transition

World’s largest ocean carrier MSC signs UN Sustainable Ocean Principles

Swiss Mediterranean Shipping Company (MSC), the world’s largest ocean carrier by operated container vessel capacity, has joined over 150 stakeholders in signing on to the UN Global Compact Sustainable Ocean Principles.

about 4 years ago

Lundin rebrands to Orrön Energy as it becomes pure-play renewables business

Transition

Lundin rebrands as Orrön Energy after ditching E&P business

Lundin Energy has changed its name to Orrön Energy to reflect its new status as a pure-play renewables business.

about 4 years ago

Transition

Study: Only 35% of major shipping companies pledged to become net zero by 2050

Only 33 out of 94 (35%) of the world’s major shipping companies have a clearly expressed target to be net zero by latest 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to the 2008 level, a new study shows.

about 4 years ago

Transition

World’s first hybrid-electric anchor handler completes sea trials

Maersk Supply Service’s AHTS vessel, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials.

about 4 years ago

Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises

Transition

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago

Transition

World’s first climate-neutral container handling facility recertified by TÜV

Hamburger Hafen und Logistik AG (HHLA)’s Container Terminal Altenwerder (CTA) has once again received certification as a climate-neutral company from inspection, certification & testing organisation TÜV NORD.

about 4 years ago

Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)

Transition

Havkraft inks deal to power fish farm using its wave energy device

Norwegian company Havkraft has signed an agreement for a project that will use its wave energy technology to provide clean power to a fish farm offshore Norway.

about 4 years ago