In response to the rapid growth of the carbon capture and storage industry, UK’s North Sea Transition Authority (NSTA) has set up a dedicated carbon transportation and storage team. The team, which supplements NSTA’s established exploration and new ventures team, will oversee the delivery of offshor
Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.
U.S. oil and gas majors Chevron and ExxonMobil have revealed record 2022 profits of $35.5 billion and $55.7 billion, respectively.
South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor
In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris
Italy’s Ministry of Environment and Energy Security has launched the authorization procedure for the construction of a new direct-current submarine power line connecting the regions of Abruzzo and Marche. The 1 GW Adriatic Link will run for a total of approximately 250 kilometers, made up of two sub
Singapore-based tanker owner and operator Hafnia has kicked off the year with the delivery of the first of four new dual-fuel LR2 product tankers. Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, delivered the LNG-powered Hafnia Languedoc at a naming
Western Australia (WA) and South Korea have signed a letter of intent (LoI) to collaborate on energy transition and downstream processing of resources. In what was described as a historic LoI, the WA Government and the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) agreed to coop
Swedish marine energy company Minesto has signed an agreement with Poseidon Renewable Energy Corporation for strategic collaboration on the roll-out of tidal energy power plants in the Philippines.
Singapore-based shipowner Kumiai Navigation has doubled its order for dual-fuel VLGC newbuildings at Kawasaki Heavy Industries to two ships. Each vessel has a capacity of 86,700 cbm for LPG/liquefied ammonia gas. The first vessel from the series was ordered last year, and now the company has two VLG
Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.
Having aced its sea trials, Lady Maria Fisher, the second LNG dual-fuel tanker built for British marine engineering services provider James Fisher, has been delivered to its owner. The 6,000dwt LNG dual-fuel vessel was built by China Merchants Jinling (CMJL) shipyard in Yangzhou, China, and it was d
Japanese oil and shipping company Eneos has opened a demonstration plant in Brisbane, Australia, which will produce methylcyclohexane (MCH), a liquid hydrogen carrier. The use of MCH as a hydrogen carrier has the potential to simplify the storage and transportation of hydrogen, which is otherwise a
McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,
