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Transition

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Transition

In focus: Industries take new emissions-free steps as IEA maps net-zero path

Several new energy transition developments in the offshore energy and maritime sectors have made headlines this week, contributing to the global 2050 net-zero targets and – at least to some extent – to the ambitious path that International Energy Agency (IEA) mapped in its latest report. Climate ple

about 5 years ago

Transition

Wood Mackenzie: Energy transition brings uncertainty to $14 trillion in oil and gas assets

The energy transition represents $14 trillion worth of uncertainty for upstream oil and gas, according to a new report by energy intelligence group Wood Mackenzie.

about 5 years ago

Illustration/Marmok-A5 wave energy device deployed off Basque coast at BiMEP test centre (Courtesy of EVE)

Transition

Basques open marine renewables demonstration call

The Basque energy agency Ente Vasco de la Energía (EVE) has launched a call for marine renewable energy demonstration projects that will be funded under the state aid program for renewable energy development.

about 5 years ago

Transition

BC Ferries’ 3rd hybrid-electric ferry starts voyage to B.C.

BC Ferries’ third Island-class hybrid-electric ferry is now on its way to British Columbia after it departed Damen Shipyards Galati in Romania on 19 May.

about 5 years ago

Transition

Essberger orders 4+4 LNG-powered chemical tankers in China

German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.

about 5 years ago

Transition

SRTI report: Twelve major shipowners to accelerate responsible ship recycling

On May 18, Ship Recycling Transparency Initiative (SRTI) hosted by the Sustainable Shipping Initiative (SSI) published its annual progress report compiling data from twelve major shipowners which operate a total of 3439 vessels.

about 5 years ago

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

Transition

Orbital Marine signs up for PTEC berth off the Isle of Wight

Orbital Marine Power has signed an agreement with Perpetuus Tidal Energy Centre (PTEC) to deploy its tidal turbines offshore the Isle of Wight.

about 5 years ago

Transition

Poland to invest billions of Euros in offshore wind, green hydrogen, port development

The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t

about 5 years ago

Transition

OMV reviews associations memberships for net-zero by 2050

OMV reviews its industry association memberships to see whether they are aligned with the net-zero by 2050 goal.

about 5 years ago

Transition

Subsea sector urged to act now to profit from energy transition

The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating

about 5 years ago

Transition

Schottel propulsion for Brevik Fergeselskap’s 1st fully electric ferry

German propulsion company Schottel has delivered main propulsion units for a new ferry to Netherlands-based Holland Shipyards Group.

about 5 years ago

Transition

IEA: Shipping to miss zero emissions target in 2050

Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically

about 5 years ago

Transition

Evergas, Ultragas launch company specializing in transport of captured CO2

Danish shipping companies Evergas and Ultragas have established Dan-Unity CO2, the first shipping company specialized in vessels for the transport of captured CO2 for storage and re-use. The company has set up a partnership with Carbfix, an Icelandic startup specializing in C02 storage. The duo plan

about 5 years ago

Transition

Frontline buys six ECO VLCC newbuilds for $565.8 million

Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es

about 5 years ago