With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,
Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025.
South Korean clean fuel and renewable energy production company Biofriends and compatriot K-biogas manufacturer Cheongmyeong have penned a memorandum of understanding (MoU) to construct the nation’s ‘first’ commercial-scale biogas-based methanol production plant. The deal, which was signed on August
The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a three-month testing phase, marking entry into the final stage before official commercial operation. With a budget of over €1.1 billion, the cable link connects the Attica region on th
Two cable-laying vessels (CLVs) owned by Italian cabling giant Prysmian Group have begun work on two submarine power interconnections in Spain, as part of contracts together worth approximately €250 million, announced in 2022. Prysmian is in charge of the design, supply, installation and commissioni
Biofuel tracers—physical or digital tools that verify and track the supply chain of this sustainable fuel—can be incorporated into existing supply chain practices without disrupting operations or compromising the quality of biofuels, while fighting the possibility of fraud within this landscape. Thi
The Korea Ocean Business Corporation (KOBC) has joined forces with compatriot greenhouse gas (GHG) emission monitoring service providers Mapsea Corporation and Ecomarine to support domestic shipping companies in complying with environmental regulations. The agreement, announced on August 21, reporte
Joint venture partners Equinor, Shell and TotalEnergies have injected and stored the first CO2 volumes at the Northern Lights CO2 project in the Norwegian North Sea, marking the start of operations of what is said to be the world’s first third-party CO2 transport and storage facility. The first CO2
DMEC’s 2024/2025 Market Report Chapter 1 on Innovative Offshore Renewable Energy Technologies offers a unique and comprehensive overview of the latest innovations and their global developments. It includes insights on the key following offshore renewable energy technologies: tidal, wave, offshore so
A new coalition uniting private companies, non-profit organizations and academic institutions to support the “responsible” growth of marine carbon dioxide removal (mCDR) has officially been launched. As disclosed, the Marine Carbon Dioxide Removal Coalition (mCDR Coalition), launched on August 21, w
EnergyQuest, an energy consultancy, has outlined its view of Australia’s gas outlook, shedding more light on what awaits the country in the future.
China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), has launched two new liquefied carbon dioxide (LCO2) carriers built for Northern Lights, a joint venture (JV) between energy players Shell, Equinor and TotalEnergies. As revealed by Northern Lights in a
South Korea’s Ministry of Oceans and Fisheries (MOF) has revised the rules on the standards and certification of environmentally friendly vessels to further promote and support sustainability-oriented efforts within the shipping and shipbuilding sectors. As disclosed, the new rules, in effect from A
Coastal Bend LNG, a privately held energy infrastructure development company, has launched a front-end engineering and design (FEED) study with Solvanic for electrochemically mediated amine regeneration (EMAR) carbon capture at its planned liquefied natural gas (LNG) project along the Texas Gulf Coa
