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Transition

TGS sets up New Energy Solutions division

Oslo-listed seismic player TGS is launching a new energy-transition-focused business unit – New Energy Solutions (NES). In a statement on Thursday, TGS said it aims to establish itself as the leading provider of data and insights directed towards industries actively contributing to the reduction of

about 5 years ago

Transition

ONE trials sustainable biofuel on containership

Singapore-based container shipping company Ocean Network Express (ONE) has conducted a biofuel trial on the Panamax boxship MOL Experience.

about 5 years ago

Transition

Shell maps out strategy to accelerate drive to net-zero

Oil major Shell on Thursday set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services.

about 5 years ago

Transition

Yara Marine back in cold ironing business

Yara Marine Technologies, a Norwegian provider of exhaust gas cleaning systems, has decided to relaunch its shore power business amid increasing demand for onshore power supply systems.

about 5 years ago

Transition

Skou bets on retrofits with alternative fuels, rules out dramatic ordering

The world’s largest container shipping company Maersk is betting on a large-scale retrofit of its fleet with engines running on alternative fuels rather than planning a dramatic ordering spree to rejuvenate it and make its ships more eco-friendly. During today’s full-year investors’ presentation, Sø

about 5 years ago

Transition

BW Offshore braces for FPSO impairments

FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa

about 5 years ago

Transition

Seanergy Maritime says its Capesizes meet 2030 GHG requirements

Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. announced that its existing fleet will remain compliant with applicable greenhouse gas (GHG) regulatory requirements until 2030 with no material cost for the company. The conclusion comes on the back of an evaluation of th

about 5 years ago

Transition

NRGI: State oil firms could waste $400 billion as energy shift accelerates

State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.

about 5 years ago

Photo of WaveRoller deployment (Courtesy of AW-Energy)

Transition

AW-Energy joins partnership seeking breakthrough in Finnish e-fuel technology

Wave energy company AW-Energy has joined the E-fuel research project looking to drive forward the commercialisation of the electrofuel (e-fuel) production using sustainable electricity and sequestered carbon dioxide.

about 5 years ago

Transition

Total sees profit dive, plans to change name in energy transition push

Total decided to change its name as part of its efforts to anchor its transformation into a broad energy company in line with energy transition

about 5 years ago

Hywind Tampen will be the world’s first floating wind farm built to power oil and gas platforms. Vår Energi is part owner in the project.

Transition

Two Norwegian energy players unite to speed up energy transition efforts

Norwegian HitecVision and compatriot Agder Energi are teaming up to develop new companies for the coming energy transition.

about 5 years ago

Transition

Hapag-Lloyd secures green financing for six LNG-powered newbuilds

German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Gree

about 5 years ago

Transition

ESL Shipping, Meriaura, others team up on Finnish E-fuel project

Finnish shipping companies ESL Shipping and Meriaura are participating in a consortium that recently launched the E-fuel research project in Finland.

about 5 years ago

Transition

TECO 2030, Thecla Bodewes Shipyards team up on hydrogen fuel cells

TECO 2030, an Oslo-based engineering and equipment development company, has partnered up with Thecla Bodewes Shipyards in Holland to develop zero-emission hydrogen-based fuel cell propulsion. The partners are set to focus on all types of river going vessels, such as push tugs, dredgers, passenger an

about 5 years ago