Meyer Turku floats out Royal Caribbean’s 1st LNG-powered cruiseship
ExxonMobil earmarks $17 bln to step up lower-emission efforts over next five years
9
Dec
U.S. energy giant ExxonMobil has hammered out its five-year corporate plan, ramping up its spending to $17 billion on greenhouse gas emission-reduction projects over the next five years while maintaining disciplined capital investments in its portfolio. The oil major is also hoping to double its earnings and cash flow potential in
Excelerate’s FSRU soon to reach Finland
9
Dec
Finnish energy company Gasgrid has announced that Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar will arrive at Fortum’s Inkoo port in Finland in the coming weeks to serve as an alternative to the country’s gas import. Courtesy of Gasgrid Exemplar departed Argentina in August, sailed to dock in
Report: Gas price caps could put exploration investments and energy security at risk
9
Dec
A report, commissioned by the Australian Petroleum Production & Exploration Association (APPEA) and prepared by EnergyQuest, an Australian-based energy advisory firm, has found that gas price caps would decrease the incentive for exploration in Australia and risk security of long-term supply as the capital investment would be deferred or redeployed
IMO ready to make the plunge toward zero emissions goal by 2050?
9
Dec
Countries seem to be prepared to phase out shipping’s emissions by 2050, based on the first rounds of technical talks at the UN’s maritime regulator International Maritime Organization (IMO). Furthermore, support appears to be building for the IMO to also adopt an ambitious 2030 interim target for cutting emissions from
Baker Hughes and Woodside join forces for natural gas decarbonisation
9
Dec
US energy tech giant Baker Hughes and Australian energy company Woodside have entered into a memorandum of understanding (MoU) to explore initiatives that may have the potential to support Woodside’s climate strategy and decarbonisation pathways. Courtesy of Bake Hughes Under the MoU, the parties will identify opportunities for potential collaboration,
Is gas greener than oil in terms of emissions?
9
Dec
While pondering whether gas is the green choice to bolster decarbonisation, Wood Mackenzie, an energy intelligence group, has been reviewing Scope 1, 2 and 3 emissions for oil and gas fields around the world. During this process, the firm found out that LNG facilities need to step up decarbonisation efforts
Spain opts to transport hydrogen instead of gas via Barcelona-Marseille subsea pipeline as it eyes EU funding
9
Dec
The Spanish government has decided that the future subsea pipeline between Barcelona and Marseille, which was initially supposed to carry gas in its first phase, will only be carrying green hydrogen. The pipeline, now dubbed H2Med, was proposed in October as a substitute for the so-called MidCat pipeline project pitched
Industry calls for higher ambition in FuelEU, introduction of performance multipliers
9
Dec
Danish Shipping, Methanol Institute, and World Shipping Council are calling for increased ambition in the FuelEU, maximising GHG intensity reduction from 2035 to 2050 and supporting early use of green e-fuels. The FuelEU Maritime proposal requires ships to reduce the GHG intensity of their fuels by 75% in 2050. However,
Amogy to integrate Ballard’s fuel cell engines in ammonia-to-power platform
9
Dec
Amogy Inc., US-based ammonia power solutions company, has signed a contract with Ballard Power Systems, a global provider of zero-emission fuel cell technology, to purchase fuel cell engines for its ammonia-to-power maritime applications. Under this contract, Amogy will purchase an initial order of three, 200 kW FCwaveTM engines, a scalable