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Transition

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FPSO BW Opal; Source: BW Offshore
Transition

Start-up of giant gas development remains on track as flagship carbon capture and storage project propels forward Australia’s journey to net zero

Australian energy player Santos has hit the 82% completion mark at its project in Commonwealth waters, bringing it closer to the first gas from its huge field off the coast of Australia. The firm also confirmed the commissioning of a carbon capture and storage (CCS) project in the Cooper Basin, whic

about 2 years ago
Sullom Voe Terminal; Source: Veri Energy
Transition
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Trio enriches offshore electrification of oil & gas assets in UK and Norway with carbon capture

Three players have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.

about 2 years ago
18 companies unite for joint industry partnership to accelerate CCUS projects
Transition

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 2 years ago
ONE
Transition

ONE moves full speed ahead on pathway to net-zero

Singapore-based shipping company Ocean Network Express (ONE) has made significant progress in implementing its green strategy as it achieved a 62% reduction in Scope 1 emissions intensity in FY2023, compared to a 2008 baseline.

about 2 years ago
KCC: Significant work on the regulations still needed for shipping to reach net-zero target
Transition

KCC: Significant work on the regulations still needed for shipping to reach net-zero target

Significant work is clearly needed to reach agreement on the regulations that will bring shipping to net zero in 2050, Klaveness Combination Carriers (KCC), part of Norwegian shipping company Torvald Klaveness, said.

about 2 years ago
electric
Transition

MPA seeks design proposals for Singapore’s new electric patrol craft

In an effort to decarbonize and digitalize maritime operations, the Maritime and Port Authority of Singapore (MPA) has issued an expression of interest (EOI) for design and development proposals for its electric patrol craft.

about 2 years ago
Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws
Transition

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 2 years ago
global bulker fleet
Transition

Global bulker fleet ‘slows down’ in response to decarbonization regulations, new research says

Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana

about 2 years ago
New EU-funded project launched to replace fossil fuels in maritime transport
Transition

New EU-funded project launched to replace fossil fuels in maritime transport

A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra

about 2 years ago
Lhyfe and Elyse Energy’s e-methanol project in France gaining ground
Transition

Lhyfe and Elyse Energy’s e-methanol project in France gaining ground

The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.

about 2 years ago
Largest US CO2 offshore storage site comes into ExxonMobil's hands
Transition

Largest US CO2 offshore storage site comes into ExxonMobil’s hands

U.S. energy giant ExxonMobil has secured access to over 271,000 acres of offshore CO2 storage in Texas state waters, said to be the largest of its kind in the U.S., through a lease with the Texas General Land Office (GLO). This is said to add significant storage potential to ExxonMobil’s carbon capt

about 2 years ago
FPSO Kaombo Norte; Source: TotalEnergies
Transition

Angola seeks ‘sustainable’ oil & gas exploration to keep its diversification engine running

Angola is determined to continue its hydrocarbon exploration and bring new oil and gas projects online while curbing its greenhouse gas (GHG) emissions footprint and enriching its energy arsenal with renewable energy sources to pave the way for a just energy transition.

about 2 years ago
Germany
Transition

Germany accelerates climate-friendly shipping game

Germany’s government has unveiled the National Action Plan for Climate-Friendly Shipping to boost investments centered around maritime energy transition for the German industry.

about 2 years ago
Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage
Transition

Denmark sets aside $4.2 billion as part of its third fund for carbon capture and storage

The Danish Energy Agency has launched the tendering procedure for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion ($4.2 billion) available for interested parties to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, trans

about 2 years ago