Japan’s biggest oil and gas producer Inpex has revealed its strategy to become a net-zero company by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.
Assurance and risk management company DNV GL has decided to combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
Norway’s Havyard has won a contract from a European company to develop a new zero-emission ship concept for cargo transport.
U.S. President Joe Biden has announced America would return to the international Paris Agreement to fight climate change.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three years, the company’s CEO Søren Skou said in a podcast hosted by Global Optimism. The [&hell
The VindØ consortium has revealed its vision of the world’s first energy island. The VindØ consortium comprises two of Denmark’s largest pension funds, PensionDanmark and PFA, and Denmark’s largest utility company, Andel. The artificial island, made of submersible concrete boxes, is to be built in t
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
Greece and Italy will be looking to build a new subsea power interconnector with up to 1GW capacity, Greek grid operator IPTO said in its 2022-2031 preliminary development plan. IPTO and its Italian equivalent Terna recently teamed up to prepare studies to strengthen the interconnection of the two e
After embarking on an ambitious strategy for onshore power use, the Port of Rotterdam has now unveiled a detailed approach to realizing shore power within different shipping segments.
Danish container shipping and logistics major A. P. Moller Maersk is setting up a dedicated team to accelerate the company’s decarbonization efforts. Morten Bo Christiansen has been appointed head of the decarbonization team of the company. As explained by Christiansen, the team will focus on speedi
The partnership targets zero-emission shipping markets with next-generation redox flow batteries.
