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.
As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.
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.
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) and compatriot shipbuilders Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have launched a joint project aimed at developing and building an ocean-going liquefied gas carrier that will use ammonia as its main fuel.
The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.
The Long Beach City Council has unanimously passed a Ship It Zero Resolution 6-0 calling for zero-emission ocean shipping.
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.
The NSTA has found that electrification of oil & gas platforms with renewable and conventional power sources could curb emissions up to 87%.
The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.
American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.
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.
Nordic Unmanned has revealed that Equinor will be the first operator to carry out offshore logistics operations using drones.
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.
Vår Energi has unveiled a new organisational structure and management team changes to take full advantage of future growth opportunities.
