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Transition

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ETS
Transition

EU Parliament wants to include shipping emissions in the EU ETS

To incentivise industries to further reduce their emissions and invest in low-carbon technologies, the Emissions Trading System (EU ETS) should be reformed and its scope enlarged, Members of the European Parliament said.

about 4 years ago
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
Transition

Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac

As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.

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about 4 years ago
MAN ES, UGS collaborating on decarbonisation solutions
Transition

MAN ES, UGS collaborating on decarbonisation solutions

German engine manufacturer MAN Energy Solutions and the Union of Greek Shipowners (UGS) have joined forces on decarbonisation solutions, especially in regard to the testing and development of alternative fuels and, more generally, the maritime value chain.

about 4 years ago
Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes
Transition

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago
SeaShuttle
Transition

SeaShuttle hydrogen-fuelled containership project wins Enova funding

SeaShuttle, the ambitious project to build two hydrogen-powered, remotely controlled and autonomous-ready containerships, has secured NOK 150 million (€15 million) in funding from Norwegian state enterprise Enova.

about 4 years ago
Electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals
Transition

Electrification with renewable and conventional power sources could curb emissions up to 87 per cent, UK regulator reveals

The NSTA has found that electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87%.

about 4 years ago
Norway may need over $6 bln in funding by 2025 for its green energy boost
Transition

Banking on renewable energy, Norway outlines roadmap to turn into ‘green industrial giant’

The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.

about 4 years ago
Steelmaking giant enters offshore wind, green hydrogen industries
Transition

Steelmaking giant enters offshore wind, green hydrogen industries

German energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

about 4 years ago
Thanks to ‘new milestone,’ Equinor becomes first operator to deploy drones for offshore logistics ops
Transition

Equinor to become first operator to deploy drones for offshore logistics ops

Nordic Unmanned has revealed that Equinor will be the first operator to carry out offshore logistics operations using drones.

about 4 years ago
Petrojarl Knarr FPSO
Transition

Are major UK oil projects at risk after windfall tax?

Operators of two major oil projects located off the UK are laying the groundwork to sanction them next year. This comes at a time when the UK government has imposed the windfall tax on oil and gas profits so the question arises as to the effects of this new tax on these projects.

about 4 years ago
New management team to lead Vår Energi after it re-shapes into two business areas
Transition

New management team to lead Vår Energi after business areas re-shape

Vår Energi has unveiled a new organisational structure and management team changes to take full advantage of future growth opportunities.

about 4 years ago
NSTA
Transition

New tool to boost infrastructure repurposing for energy transition projects

North Sea Transition Authority (NSTA) has developed a new screening tool to help maximise the repurposing of oil and gas infrastructure for energy transition projects. It is believed that repurposing can make a huge contribution to the UK’s drive to net-zero, potentially generating multibillion-poun

about 4 years ago
Von der Leyen: EuroAsia Interconnector to help free EU from energy dependence
Transition

Von der Leyen: EuroAsia Interconnector to help free EU from energy dependence

The EuroAsia Interconnector electricity link, connecting Israel, Cyprus and Greece, will help reduce the European Union’s energy dependence on Russia, according to European Commission president Ursula von der Leyen. During a recent Honorary Doctorate degree ceremony at the Ben Gurion University of t

about 4 years ago
Wärtsilä
Transition

Wärtsilä to power Stena’s new hybrid RoPaxes

Finnish technology group Wärtsilä will supply its hybrid propulsion system for three new roll-on/roll-off passenger (RoPax) vessels being built for Swedish ferry company Stena RoRo.

about 4 years ago