The ongoing situation regarding sanctions on Russia is constantly evolving. At the time of writing, the global focus has moved away from placing sanctions on companies related to key individuals and instead towards squeezing the purchase of any Russian hydrocarbon cargoes regardless of vessel ownership....
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has teamed up with compatriot oil and gas company Korea National Oil Corporation (KNOC) to develop low carbon...
Floating storage and regasification units (FSRUs) may soon contribute to Europe's efforts to replace Russian natural gas with new sources from overseas. Northern Europe is heavily dependent on state-owned gas company Gazprom, and with the Kremlin's decision to invade Ukraine, this dependence has become a serious...
Spanish Bilbao Port Authority has decided to supply electricity to ships docked at the port and install renewable energy power plants, making a firm commitment to the energy transition and the...
Climate change has the potential to cause $25 billion in losses for shipping every year if no tangible actions are taken to cut emissions, a new report by RTI International and the Environmental Defense Fund (EDF) suggests. The report suggests that the global shipping and port industry is susceptible to...
Shell has been given approval to restart its Prelude FLNG facility offshore Western Australia after a more than three-month shut-down. The post Shell gets approval to restart Prelude FLNG appeared...
Under pressure to find new sources of energy to reduce its dependence on Russian energy, Germany is moving to accelerate projects that would permit the country to import new forms of energy. Recently, the government announced it would participate in the country’s first LNG import...
UK-based offshore drilling contractor Stena Drilling is preparing for the latest addition to its fleet of drilling rigs, the Stena Evolution. The post Stena Drilling preparing for Evolution: new...
In 1838, with black smoke belching out of its single funnel, the steamship SS Sirius sailed into New York Harbor, having left Ireland 18 days prior. The wood-hulled vessel was the first transatlantic voyage to be powered entirely by coal. Sirius’ voyage opened a new,...
The global energy transition continues to be a strategic priority for many players, including those involved in the maritime and offshore energy sectors. The post In focus: Accelerating the energy...
