DNV GL pointed to a relatively limited uptake of hydrogen as a ship fuel in the fourth edition of its Maritime Forecast to 2050 presented on Tuesday. The surprising assessment is a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. The forecast a
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said.
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
Cabling specialist Nexans plans to become carbon neutral by 2030. The company announced this at its inaugural Climate Day event in Paris on September 22, 2020. Nexans plans to achieve carbon neutrality through a specifically defined roadmap: 4.2% average annual reduction of company greenhouse gas em
The Norwegian government has submitted a proposal to Norwegian Parliament to launch “the greatest climate project in Norwegian industry ever” –carbon capture and storage (CCS) project named Longship.
Five years after the kick off, the subsea compression system covering an area the size of a football field, at Equinor-operated Åsgard development in the Norwegian Sea, still runs like clockwork. The entire Åsgard field is one of the largest developments on the Norwegian continental shelf, embracing
A new project, led by the National Oceanography Centre (NOC), will investigate a switch towards low or zero-carbon oceanographic research. The aim of the £250k NZOC (Net Zero Oceanographic Capability) project is to bring together the marine science community and key stakeholders to consider how NERC
Mayflower Autonomous Ship (MAS), an AI and solar-powered marine research vessel, which will traverse oceans gathering environmental data, has been lifted into the waters off the coast of Plymouth, England. The vessel is set to be officially launched later today after two years of design, constructio
U.S. President Donald Trump’s recent oil ban on offshore drilling in Florida, Georgia, and South Carolina is a last-ditch effort to swing votes in his favour ahead of November elections and get some environmentalist voters to switch from his Democrat opponent Joe Biden.
Canadian oil and gas company Husky Energy would be reviewing its West White Rose offshore oil project in Canada’s Atlantic region.
The maritime industry’s mission to clamp down on emissions hasn’t been derailed by the COVID-19 pandemic as many feared could be the case. Obviously, the pandemic has had a major impact on the short-term activities as numerous meetings at the International Maritime Organization (IMO) had to be postp
Development of an indigenous green hydrogen industry could generate £ 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the
The Mayflower Autonomous Ship (MAS), one of the world’s full autonomous ships, will be officially launched on September 16th in Plymouth, UK. The project is led by marine research organization Promare, with IBM as technology partner. Finnish technology company Wärtsilä has joined also joined the glo
A gas discovery of the scale of Turkey’s Tuna-1 find in the Black Sea, if developed, would be transformational for the country, given its overwhelming reliance on imports and crippling energy import bill, according to Wood Mackenzie.
