Windcat opts hydrogen-powered CSOV

Crew transfer vessel operator Windcat, part of Antwerp-based shipping and logistics group Compagnie Maritime Belge (CMB), has tapped Dutch shipbuilder Damen Shipyards for the construction of a series of hydrogen-powered commissioning service operation vessels (CSOVs). The so-called ‘Elevation Series’ CSOVs have been designed by Damen Shipyards in cooperation with Windcat and CMB’s clean technology division,

Nokia and stc to work together on netzero emissions

Nokia and stc confirm the adoption of energy-efficient solutions, enabling stc to reduce its carbon emissions and support its net-zero targets. The two signed a Memorandum of Understanding (MoU) that will see them work together across four areas: climate, society, digitalisation, and future of work with the aim of reducing carbon emissions and adopting sustainable

CNOOC buys 5% stake in Petrobras’s Buzios oil field

Brazil’s state-owned oil company Petrobras announced that it had received $1.9bn from CNOOC Petroleum Brasil Ltd. (CPBL) for a 5% stake in a production-sharing agreement for the Buzios field in the pre-salt of the Santos Basin. The $1.9bn includes adjustments provided for in the contract. The transaction is subject to approval by Brazil’s Ministry of

ReNew Power and Elsewedy to develop green hydrogen plant

ReNew Power, India’s largest renewables company, will invest $8bn in a green hydrogen plant in the Suez Canal following an agreement with the Egyptian government. A green hydrogen plant is planned for the Suez Canal, following a 15 November 2022 framework agreement signed by ReNew Power, India’s largest renewables company, and the Egyptian government. A

MHI and EGAT to collaborate on clean power generation

Mitsubishi Heavy Industries, Ltd. (MHI) and Thailand’s Electricity Generating Authority of Thailand (EGAT) have signed a Memorandum of Understanding (MoU) to study and exchange information relating to clean power generation, hydrogen, carbon capture, utilisation and storage (CCUS) technologies. The MoU was signed in support of Thailand’s of achieving carbon neutrality by 2050. Set to take

ANZ to fast-track net zero transition

Australia and New Zealand Banking Group Ltd (ANZ) said it had earmarked A$100 billion (US$67.63 billion) to help its customers lower carbon emissions by 2030, as the lender looks to accelerate its transition to net zero. Part of the amount will be used for initiatives, which include facilitating concessional loans for businesses to buy energy-efficient

EY and Microsoft to help businesses develop ESG data management

The EY organization and Microsoft have announced a deepened strategic relationship to further develop environmental, social, and governance (ESG) data management offerings that support clients with achieving operational decarbonization and net-zero goals. EY said in a statement that through this commitment, EY and Microsoft will address a host of sustainability needs through technology, including improving

For India West Arctic Ocean becomes major source of crude

A new source of Russian crude has emerged for India – the West Arctic Ocean. This new activity which has only been seen this year, started around March on aframax and suezmax tankers, as data from energy analytics firm Vortexa shows. Aframax tonne-miles out of the West Arctic Ocean were typically directed towards Europe, something

New crude oil may require new design

As US production of crude oil continues to climb towards its pre-pandemic production levels of 13 million barrels a day – a welcome development given high gas prices – the need for new investment to facilitate exports and imports is growing. While US consumption almost equals what we produce, we still export and import a

ITPS Canada enters into partnership with LivClean for 100% carbon neutral goal

International Test Pilots School (ITPS) Canada announced to achieve 100% carbon neutral.  To help achieve this the company has partnered with LivClean, a top-ranked carbon offset retailer. Through the partnership, ITPS’s carbon offset purchase will support the Great Bear Forest Carbon Project, located inside the traditional territories of the Haida Nation, British Columbia, Canada, and