The G7 Ministers on Climate, Energy, and Environment have called for the shipping industry to achieve GHG-zero emissions by 2050. Illustration; Image by Offshore Energy The goal is much more ambitious that the current one set by the International Maritime Organization (IMO) under which the shipping industry aims to reduce
Latvia’s natural gas company Latvijas Gaze has signed a definitive agreement to sell its wholly-owned subsidiary Gaso to energy company Eesti Gaas, also known as Elenger. Courtesy of Eesti Gaas According to Eesti Gas, the completion of the transaction is subject to approval from the Latvian Competition Authority and permission
The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading Pte Ltd (Shell) signed a memorandum of understanding (MoU) to expand collaboration on the maritime decarbonisation efforts in Singapore. Image credit: MPA Singapore As part of the five-year MoU, MPA and Shell will work to advance the adoption
Abu Dhabi National Oil Company (ADNOC) has signed two agreements with Japanese partners to boost the clean fuels value chain between the UAE and Japan. Courtesy of ADNOC ADNOC said the first agreement, with the Kawasaki company, aims to explore the production, liquefaction, and transportation of hydrogen to key global
UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has deployed five newbuild dual-fuel very large gas carriers (VLGCs). Courtesy of ADNOC The vessels, which were ordered back in 2020, were built at Jiangnan Shipyard in Shanghai, China,
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has put into service its second LNG-powered ferry, the Sunflower Murasaki. Image credit: MOL The vessel is the second of Japan’s first two LNG-fueled ferries, owned by MOL and operated by its group company Ferry Sunflower Co. The ferry entered service on April
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions.
The Supreme Court of Korea has rejected GTT’s appeal filed in December 2022 against the decision of the Seoul High Court, confirming the company’s obligation to separate, in whole or in part, the technology license and the technical assistance if requested by the Korean shipyards. Archive / Courtesy of GTT
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor, and TotalEnergies, has held a keel-laying ceremony for the first two new LNG-powered, wind-assisted LCO2 transportation ships. Credit: Northern Lights As informed, the ceremony took place at Dalian Shipbuilding Industry Co. (DSIC) yard in China on 13 April. Keel laying is a ceremonial recognition of