ConocoPhillips has sold its oil and gas assets in Indonesia for $1.35 bln to Medco Energi in a bid to amass more clean energy sources.
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
Waterotor International Corp, a Canada-based hydrokinetic energy company, has unveiled a 20MW hybrid offshore renewable energy system that can simultaneously extract power from slow moving water and wind.
Spanish energy company Repsol and compatriot shipbuilder Navantia have signed a collaboration agreement to develop solutions for maritime transport decarbonisation.
Technology firm Siemens Energy has secured an order from European Energy to deliver an electrolyzer plant for what is deemed as the world’s first large-scale commercial e-methanol project.
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
Talos has joined forces with the U.S. Port of Corpus Christi Authority and HEP to pursue CCS opportunities at the Port of Corpus Christi.
The world’s first liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC) was delivered today, 28 February, to the shipping company COSCO during the ceremony at Dalian Shipbuilding Industry Company (DSIC).
California-based marine technology startup Boundary Layer Technologies has revealed its operational plans and engineering design for a zero-emissions hydrofoiling containership, ARGO.
Norwegian shipping company Hagland Shipping has signed a contract with Dutch shipyard Royal Bodewes for the construction of one additional 5,000 dwt self-discharging bulk carrier.
Swedish tanker operator Terntank has taken delivery of the second 100% biofuel compatible chemical and product tanker that emits no greenhouse gases or carbon particulates during port operations.
Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.
