As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.
Keppel Infrastructure, National University of Singapore (NUS), and Nanyang Technological University (NTU Singapore) have teamed up to explore the development of an offshore hybrid system which could harness solar, wind, and tidal energy for continuous power generation.
Offshore Energy Exhibition & Conference 2022, coming up on 29 and 30 November in Amsterdam, will feature a Hydrogen Area for the first time, with TotalEnergies, Strohm, Green Team Twente, Shell, and TU Delft Hydro Motion Team set to join this inaugural moment for Offshore Energy and Navingo BV.
NKT has completed the construction of the second extrusion tower for high-voltage power cables at its factory in Karlskrona, Sweden. NKT can now start manufacturing high-voltage power cables in the new tower, designated as NKT Lighthouse, in the fourth quarter of the year. The 150-meter tall tower i
Shell will explore carbon transport and storage options in Brunei & Singapore, which could be part of a potential CCS hub in Southeast Asia.
The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.
German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity.
Hong Kong-based dry bulk shipping company Pacific Basin has selected green methanol as the best fuel for its first generation of zero-emission vessels. The decision is based on the findings of a feasibility study the company conducted in cooperation with Nihon Shipyard Co. and Mitsui & Co. The study
Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.
London-based equipment innovator SodaFlexx has developed a concept to treat exhaust gas emissions from ships with sodium bicarbonate powder, also known as baking soda. As of 1 January 2020, the IMO Sulphur Cap entered into force limiting the use of sulphur in fuel oil used on board ships operating o
The Port of Amsterdam has signed a Memorandum of Understanding (MoU) with tank storage company Evos and liquid organic hydrogen carriers (LOHC) pioneer Hydrogenious to develop large-scale import facilities for hydrogen at the port of Amsterdam. The facilities will comprise a LOHC dehydrogenation pla
US-based marine energy company C-Power has launched a program which offers organizations diverse opportunities at varying levels of resource commitment to bring ocean energy into their innovation roadmaps.
Aker BP is preparing to make FIDs and submit plans for development and operations (PDOs) for several oil and gas projects by year-end.
