Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping. The call was made by the Int
South Korean fuel cell developer Doosan Fuel Cell has signed a Memorandum of Understanding with Singaporean shipper Navig8 to develop fuel cells for ships. The move comes as the shipping sector embarks on a path to decarbonize in line with the ever more stringent regulations on greenhouse gas emissi
Navingo has recently organised its 13th, but also the first virtual edition of Offshore Energy Exhibition and Conference (OEEC 2020), creating a perfect opportunity for people working in the offshore energy industry to establish new business relationships and maintain existing ones. The content-pack
Dry bulk shipping company Safe Bulkers wants to gradually renew its fleet with modern designs compliant with the new environmental regulations. In line with those efforts, in October 2020, the company signed a deal to buy a Japanese-built, Kamsarmax class, 82,000 dwt, newbuild bulker with a schedule
The UK government has revealed its ambition to create 2 million green jobs by 2030 and has launched a Green Jobs Taskforce to help reach that goal as part of the government’s plan to build back greener and achieve net zero emissions by 2050. According to the official press release, the government ha
Total has signed a strategic framework agreement with ADNOC to explore joint research in the areas of CO2 emission reductions and CCUS.
New statistics unveiled by the UK government show the vast majority of people support the rapid growth of renewable energy projects throughout the UK.
The key economic, technical, and regulatory barriers to the early adoption of zero-emission technologies can be overcome by the first movers through collaboration, a new report developed by the Energy Transitions Commission for the Getting to Zero Coalition shows. The first wave of commercial-scale
Brazil’s offshore support vessel operator CBO has signed an agreement with the technology group Wärtsilä to convert one of its vessels to operate with hybrid propulsion. The CBO Flamengo will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, compliant with
Eni has set up a joint venture company named Vårgrønn together with Norwegian energy investor HitecVision, with offshore wind being the first item on the to-do list of the newly established business in which the Italian oil & gas major holds a 69.6 per cent stake. Namely, Vårgrønn’s first step will
Norwegian shipping and tank terminal company Odfjell SE has revealed plans to cut its greenhouse gas emissions by 50% by 2030 compared to 2008 levels and have a climate-neutral fleet from 2050. The targets exceed the objectives of the International Maritime Organization (IMO) of 40% CO2 emissions re
Despite coronavirus-related challenges, European ports are on track with their environmental goals. Air quality, climate change and energy efficiency are firmly placed at the top of the league table of priorities, a new report shows.
Aker Solutions and Kvaerner have completed a merger whereby Aker Solutions has absorbed all the assets, rights and obligations of Kvaerner and Kvaerner has been dissolved. The two entities have joined forces to create a new supplier of solutions to reduce climate gas emissions from oil and gas insta
After several days of counting and anticipation, the United States of America have a brand-new President-elect – the Democratic Party candidate Joe Biden. With the White House now waiting for him, it is important to look at what a Biden win could mean to the oil and gas industry and the U.S. energy
