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Transition - Offshore Energy

Transition

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Transition

Eni and partners to build new open digital platform for energy transition players

Eni, the Boston Consulting Group (BCG), and Google Cloud are building a new open digital platform for companies committed to the energy transition.

about 5 years ago

Transition

Norway approves carbon transport and storage project

Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway. The project will enable the shipping, reception, and sequestration of CO2 in geological strata in the Northern North Sea, a

about 5 years ago

Transition

NKT sets net zero emissions goal

Cabling firm NKT has signed up for the Science Based Target initiative to become a net-zero emissions company. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The

about 5 years ago

Transition

Norsepower to install 5 tilting rotor sails on a bulker newbuild

Finnish auxiliary wind propulsion systems’ provider Norsepower Oy Ltd. has won its first newbuild order for the installation of a record five tilting Rotor Sails on board a large bulk carrier. The agreement heralds the first installation of Norsepower’s innovative Rotor Sails on a bulk carrier. The

about 5 years ago

Transition

Swedish industry experts developing AI-powered ship operations system to cut emissions

Lean Marine and AI-application developers Molflow have joined forces with the Chalmers University of Technology in Gothenburg to develop an AI-powered, semi-autonomous system for planning and executing sea voyages. The Via Kaizen project is funded by the Swedish Transport Administration, Trafikverke

about 5 years ago

Transition

Study: Too expensive for ships to evade EU carbon market

The risk of shippers evading the EU carbon market is minimal, as it would not be cost-effective, a study by Brussels-based environmental NGO Transport and Environment shows. In 2019, the European Union committed in its European Green Deal to extend the European emissions trading system (ETS) to the

about 5 years ago

Transition

Walker Subsea starts work on renewable energy-powered subsea motor

UK-based specialist engineering firm Walker Subsea Engineering has been awarded funding to develop a novel offshore renewable energy-powered subsea motor.

about 5 years ago

Transition

UK to end support for oil and gas projects overseas to tackle climate change

The UK government will end direct support for the fossil fuels energy sector overseas as it works to support the sector’s transition to low-carbon energy.

about 5 years ago

Transition

Grimaldi Euromed secures $42.5 million loan to finance Eco Barcelona

Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona. Th

about 5 years ago

Transition

Saga Pure ASA pushes forward with investments in green technologies

Saga Pure ASA, formerly known as Saga Tankers, has taken a 21.4 % stake in Bergen Carbon Solutions AS (BCS), a company that has developed a technology for converting CO2 to carbon nanofibers. The investment saw Saga Pure commit to subscribe for NOK 30 million ($3.4 million) in a gross NOK 40 million

about 5 years ago

Transition

Darr: We can’t afford to focus on one solution

The shipping industry has to have an open mind and look at a wide range of solutions to decarbonize, avoiding the risk of focusing on a single pathway, Bud Darr, Executive Vice President, Maritime Policy and Government Affairs of MSC Group, said. Darr was one of the panelists of the Leadership Insig

about 5 years ago

Transition

Neptune launches feasibility study for Dutch CCS project

Oil and gas exploration firm Neptune Energy has announced a feasibility study for a large-scale offshore carbon capture and storage (CCS) project in the Dutch North Sea.

about 5 years ago

Transition

Amazon and Ørsted Sign Largest Offshore Wind Corporate Power Purchase Agreement in Europe

Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goa

about 5 years ago

Transition

The world to run out of oil supply to meet demand unless exploration speeds up, Rystad reports

The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.

about 5 years ago