Oil major BP is launching a first-ever share award scheme to more than 60,000 employees as the company continues transitioning towards a greener future.
Classification society RINA and the Shanghai Merchant Ship Design & Research Institute (SDARI) have signed a joint development project agreement to develop a ship design capable of being fuelled by either ammonia or methanol.
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
Norwegian fertilizer company Yara International ASA revealed it is taking further steps to enable the hydrogen economy by establishing a new global unit – Yara Clean Ammonia.
French cleantech company Ecoslops has unveiled a new environmentally-friendly initiative aimed at producing bunker fuel from oily waste in Ghana. On 8 February 2021, the company announced the signature of the fourth letter of intent for its petroleum residue recycling (P2R) solution called Mini P2R,
A number of shipping, maritime & technology professionals from several innovation-focused companies have agreed to join the Eco Marine Power Research Institute Advisory Group, Japan-based technology company Eco Marine Power (EMP) said.
The biggest challenge for the shipping industry will be addressing climate change, the IMO Secretary-General Kitack Lim said in his address earlier today kicking off SMM Digital in Hamburg. Over the next four days, the industry’s most renowned maritime fair is going digital featuring 60 hours of pro
U.S. oil major ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio.
After many negative comments targeted President Biden’s plan to halt oil and gas leasing, the nominee for the position of energy secretary Jennifer Granholm defended the administration’s push for a clean energy transition.
A division of Occidental Petroleum, Oxy Low Carbon Ventures (OLCV), has delivered the world’s first shipment of carbon-neutral oil to India.
Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
Negative reactions to U.S. President Biden’s executive order to halt new oil and natural gas leasing on public lands and offshore waters are still coming in as the National Ocean Industries Association (NOIA) was next in line to give its view on the matter.
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy.
U.S. President Joe Biden has signed an executive order to halt new oil and gas leasing but which the Department of the Interior (DOI) claims will “help restore balance on public lands and waters”.
