The European Union’s Monitoring, Reporting and Verification (EU MRV) dataset for shipping’s European CO2 emissions for the year 2022 has just been published, with the data highlighting some significant year-on-year changes from 2021 despite the shipping industry as a whole showing a modest reduction in emissions. The EU MRV regulation requires all ships exceeding 5,000 …
Shipping set for €3 billion-plus 2024 EU ETS bill Read More »
Shipping companies will need systems in place to manage costs and compliance in future as they face higher financial exposure from the EU’s Emissions Trading System (EU ETS), as well as new regulations such as CII. With trusted, verified emissions data and a dynamic decarbonization plan DNV supports the industry to manage financial risks. Requirements …
Emissions data tracking key to EU ETS and CII cost management Read More »
Stolt-Nielsen Limited reported unaudited results for the second quarter ending May 31, 2023. The Company reported a second-quarter net profit of $113.3 million before an incremental loss provision of $155.0 million related to the MSC Flaminia, and $8.3 million after the provision adjusted for tax and profit sharing, with revenue of $721.9 million, compared with …
bp expanded its investment in bioenergy today as bp ventures committed $10 million, leading the Series B investment round, in WasteFuel, a California-based biofuels company that will use proven, scalable technologies to convert bio-based municipal and agricultural waste into lower carbon fuels, such as bio-methanol. Globally, solid waste production totals about 2 billion metric tons …
bp expands investment in bioenergy, collaborating with US biofuels developer WasteFuel Read More »
After the work on Tyra II’s export pipeline was wrapped up, the power-up of two gas turbines at TotalEnergies’ redevelopment project in the Danish North Sea has been completed, thus, the project has now come even closer to the first gas, which is slated for December 2023. Tyra II; Source: TotalEnergies TotalEnergies is the operator …
South Korean shipbuilder Samsung Heavy Industries (SHI) has tested an autonomous navigation system installed onboard a 15,000 TEU containership. Samsung Heavy Industries The demonstration, dubbed the industry’s first, was carried out between South Korea and Taiwan. The South Korean firm equipped the vessel with its remote autonomous navigation system (SAS) and smart ship system (SVESSEL). The …
Industry firsts: SHI tests autonomous navigation system on 15K TEU boxship Read More »
The Renewable Hydrogen Coalition (RHC) has elected new leadership for the next 18 months, Olivia Breese, CEO of Power-to-X at the renewable energy company Ørsted, as Chair, and Håkon Volldal, President and CEO of electrolyzer manufacturer Nel, as Vice-chair. The RHC promotes the role of renewable hydrogen to deliver the EU’s long-term decarbonization goals and …
New RHC leadership calls for tangible action in hydrogen industry Read More »
A geophysical survey is set to begin this month in the UK for an interconnector that will connect to Morocco, described as the world’s longest HVDC subsea cable. Credits to Kingfisher Bulletin The UK geophysical survey will follow the proposed cable corridor for the Xlinks Morocco-UK Power Project, routing along the North Cornwall coast to …
Geophysical survey about to begin for ‘world’s longest HVDC subsea cable’ Read More »
U.S. energy technology player Baker Hughes has been enlisted by Japan’s MODEC to supply gas technology equipment for a floating production, storage, and offloading (FPSO) vessel, which is destined to work at Equinor’s recently sanctioned oil and gas development in the Campos Basin offshore Brazil. This will lower the project’s carbon footprint. FPSO for the BM-C-33 project; …
Baker Hughes takes on deal to curb FPSO emissions from $9 billion oil & gas project Read More »
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