Canada’s province British Columbia has a new energy action framework that is expected to cap emissions and create new opportunities for people in clean energy and technology. According to BC’s government, under this new framework, the province will require all proposed LNG facilities in or entering
Alfa Laval, a Swedish-based supplier of products and solutions for heat transfer, separation and fluid handling, has joined the First Movers Coalition (FMC), a global initiative launched to boost decarbonisation efforts.
As the world seeks to reduce its reliance on fossil fuels, battery-powered vessels are increasingly seen as a viable alternative to traditional diesel-powered ships. This shift is being driven by a range of factors, including advances in battery technology, the decreasing cost of batteries, and a gr
North European Oil Trade (NEOT), a Finland-based group specializing in oil and bioproducts sale in the Nordic countries, has signed a charter agreement with Terntank for the shipping company’s two wind/methanol-ready hybrid tankers. Swedish shipping company Terntank placed an order for two plus two
Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed six term-sheet agreements for hydrogen production worth more than RO 20 billion (around $51 billion) over the next seven years. The agreements were signed with developers from Belgium, the Netherlands, the Unite
German liner heavy-weight Hapag-Lloyd is not planning any significant orders this year in the newbuilding space, especially not in the ultra-large containership sector. Speaking earlier today in a virtual live session, Hapag-Lloyd CEO Rolf Habben Jansen said that if the company does move forward wit
A group of cross-industry experts, led by Grieg Star, has conducted a study involving the potential retrofitting of an open hatch vessel to run on green ammonia. Initial findings of the study said that elements perceived as challenges turned out not to be barriers or present major risks for moving f
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
Korean shipbuilding giant, Korea Shipbuilding & Offshore Engineering (KSOE), has unveiled the design of a small modular reactor (SMR)-powered ship, Business Korea reports. This marks the first time a Korean company has revealed such a detailed design concept for an SMR-powered vessel as nuclear powe
In a push to decarbonise operations at its facilities, California’s Port of Oakland, the fifth busiest container port in the US, has approved an environmental ordinance calling for its seaport tenants to develop a plan to reach zero emissions from cargo handling operations. The Oakland Board of Port
Germany-based engine manufacturer MAN Energy Solutions has obtained Approval in Principle (AiP) from the Italian classification society RINA for its methanol-ready MAN L/V 32/44CR engine. The AiP covers an upgrade concept for the four-stroke engine for conversion to dual-fuel running on methanol, MA
In early March, Japanese shipping major NYK sent one of its vessels to PHP Ship Recycling Facility in Bangladesh for green recycling. The company said that PHP Ship Recycling Facility, which is a ship-recycling facility operated by PHP Ship Breaking and Recycling Industries Ltd., has become the firs
