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Transition

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Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?
Transition

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago
Sea1 Offshore's fleet renewal in focus with sale of 21-year-old subsea construction vessel
Transition

Sea1 selling 11-year-old subsea construction vessel as part of fleet renewal

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Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, is selling its 11-year-old offshore subsea construction vessel (OSCV) as part of its fleet renewal program. Sea1 Offshore has signed an agreement to sell the 2014-built OSCV Sea1 Spearfish, currently on contract with PXGEO, to

about 1 year ago
Illustration; Source: CNOOC
Transition

China richer for another offshore project start-up featuring ‘green’ oil & gas development

CNOOC has kicked off production from an oilfield development project off the coast of China, which comes with new bells and whistles, spotlighting more sustainable energy solutions.

about 1 year ago
John Cockerill, Viettel to explore Vietnam-based electrolyzer manufacturing for green hydrogen
Transition

John Cockerill, Viettel to explore Vietnam-based electrolyzer manufacturing for green hydrogen

John Cockerill and Viettel Group have signed a memorandum of understanding (MoU) for exploring long-term cooperation to develop a Vietnam-based manufacturing and supply chain for pressurized alkaline water electrolyzers for green hydrogen production.

about 1 year ago
Rendering of Commonwealth LNG plant
Transition

UAE firm makes its first foray into US by joining Kimmeridge’s gas and LNG business

Mubadala Energy is entering the U.S. energy market through an equity investment into the upstream gas and liquefied natural gas (LNG) business owned by a subsidiary of Kimmeridge, an energy-focused alternative asset manager.

about 1 year ago
Türkiye Petrolleri A.O. (TPAO)
Transition

TPAO signs up for global oil & gas decarbonization initiative

Türkiye Petrolleri A.O. (TPAO) has become the 56th player to come on board the Oil and Gas Decarbonization Charter (OGDC), which is set on stepping up the worldwide decarbonization game in the oil and gas industry at speed and scale.

about 1 year ago
Illustration; Source: Conrad Asia Energy
Transition

Southeast Asian player offloads stake in gas field as it shifts to clean energy

Coro Energy has taken the last step toward closing its fossil fuels chapter by inking a deal to divest its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia to devote its time and resources to greener ventures by focusing on its renewable energy portfolio.

about 1 year ago
Supply chain constraints push back UK’s $3B subsea electricity superhighway by 16 months
Transition

Supply chain constraints push back UK’s $3B subsea electricity superhighway by 16 months

UK energy market regulator Ofgem is considering whether to grant a penalty exemption for the joint venture (JV) developing the Eastern Green Link 1 (EGL1) subsea electricity superhighway due to a 16-month delay said to be caused by supply chain constraints. The 2 GW EGL1 HVDC multi-directional cable

about 1 year ago
India
Transition

Sembcorp and BPCL to collaborate on renewable energy and hydrogen projects in India

Sembcorp Green Hydrogen India and Bharat Petroleum Corporation Limited (BPCL) have entered into a joint venture (JV) agreement to explore renewable energy and green hydrogen projects across India.

about 1 year ago
Valaris 123 rig; Source: Porthos
Transition

WATCH: Valaris rig goes to play its role in North Sea gas asset’s rebirth as EU’s CCS playground

Valaris’ rig has come to the North Sea to help a gas field and its infrastructure to get a new lease on life off the coast of the Netherlands as the first CO2 transport and storage project in the European Union (EU).

about 1 year ago
UK's first CO2 injection test 'meets expectations' as it crosses finish line
Transition

Flying colors as UK’s first CO2 injection test crosses finish line

A joint venture of Perenco UK, Carbon Catalyst and Harbour Energy has concluded the UK’s first-ever CO2 injection test, carried out at a carbon capture and storage (CCS) license in the North Sea that encompasses what is deemed the UK’s largest depleted gas field. The test started in February and inc

about 1 year ago
'Offshore industry's first’ vessel geometry assurance software comes to market
Transition

‘Offshore industry’s first’ vessel geometry assurance software comes to market

UK energy solutions provider OEG Energy Group has unveiled what it says is the offshore industry’s first dedicated vessel dimensional control assurance solution for survey and positioning systems onboard vessels and subsea vehicles to feature calibration software. GEOBASE provides an independent res

about 1 year ago
NKT's power cable factory expansion named EU's first net-zero strategic project
Transition

NKT’s power cable factory expansion named EU’s first net-zero strategic project

NKT’s expansion of its high-voltage submarine power cable factory in Karlskrona, Sweden, has been recognized as the first European net-zero strategic project under the EU Net-Zero Industry Act, providing it with a national priority status for accelerated administrative treatment and faster permittin

about 1 year ago
Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds
Transition

Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds

The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030.

about 1 year ago