While investments in green sectors overshadowed the oil and gas funding for the first time last year, the cost-conscious developers are expected to tighten their purse strings after two years of soaring prices, outlined Rystad Energy, an energy market intelligence group. However, low-carbon spending is still expected to rise by
The Scottish and UK governments have awarded the Green Freeport status to Inverness and Cromarty Firth Green Freeport and Forth Green Freeport in Scotland. The ports, Scotland’s first Green Freeports, will receive up to GBP 52 million in start-up funding and will benefit from tax reliefs and other incentives. As the
Stolthaven Terminals and Taiwanese Revivegen Environmental Technology Co. LTD launched their joint venture on Thursday at a ceremony with Taiwan Cooperative Bank in Kaohsiung. The duo teamed up in 2021 with the intention to build a new greenfield terminal in Kaohsiung Port, Taiwan. The JV has been named Stolthaven Revivegen
French LNG containment specialist GTT has received new orders from its partners, the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) and the Chinese shipyard Hudong-Zhonghua Shipbuilding, for the tank design of new liquified natural gas carriers (LNGCs). In the fourth quarter of 2022, it received three orders from DSME
A London court has ruled that the UK government’s funding of up to $1.15 billion of financing for the Mozambique LNG project led by French energy major TotalEnergies is lawful. According to reports by Reuters, the decision by London’s Court of Appeal was made on Friday, 13 January, dismissing an appeal
The construction of MSC’s 16,000 TEU ultra-large containerships in China is ramping up with the second boxship hitting the water in the first two weeks of this year. Namely, Chinese shipbuilder Guangzhou Shipbuilding International (GSI) has launched a 16,000 TEU ULCVs named MSC Noa Ariela. The vessel is equipped with
US Department of Energy (DOE) has encouraged the Appalachian Regional Clean Hydrogen Hub (ARCH2) to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act. ARCH2 said its goal is to leverage diverse regional resources to
Norway-based H2Carrier has signed a memorandum of understanding (MoU) with Indian multinational conglomerate Larsen & Toubro (L&T) for cooperation in developing floating green ammonia projects for industrial-scale applications. H2Carrier is the designer and owner of the proprietary floating energy production and storage system P2XFloater, an industrial-scale floating green hydrogen and
Chinese shipbuilder Hudong-Zhonghua Shipbuilding is progressing with the construction of the fourth liquefied natural gas (LNG) carrier for compatriot COSCO Shipping Lines and energy firm China National Petroleum Corporation (CNPC). Courtesy of Hudong-Zhonghua On 12 January, the shipbuilder held a keel-laying ceremony for the 174,000 cbm LNG carrier, the first unit
The European Commission has given its approval for a €1.1 billion scheme to support the roll-out of carbon capture and storage (CCS) technologies in Denmark. The aid will be awarded through a competitive tendering procedure open to companies active in any industrial sector, including the waste and energy sectors, with