BRUSSELS ENDORSES €200 MILLION GERMAN SCHEME FOR CANADIAN HYDROGEN IMPORTS TO EU
The European Commission (EC) has cleared a €200 million German aid to boost Canadian-produced renewable hydrogen and its derivatives for the European market. This scheme will support the construction of up to 300 MW...
WORLD’S FIRST LARGE LCO2/MULTI-GAS CARRIER DELIVERED TO CAPITAL
The first large capacity vessel designed to support the efforts for the capture, transport, and storage or reuse of CO2 has been completed, marking a new segment for shipping. The vessel, which has a...
DRIVING FUTURE OF HYBRID MARINE PROPULSION: ZF’S EXPANDING VESSEL SOLUTIONS
As the marine industry accelerates toward cleaner, smarter, and more efficient propulsion, hybrid systems continue gaining traction across a variety of markets. From inland towboats and offshore support vessels to ferries, crew transfer vessels...
RISE IN COSTS TO $1.98 BILLION AMONG FACTORS IMPACTING EQUINOR’S LOW-EMISSION GAS PROJECT
Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG)...
CONSTRUCTION ORDER PLACED FOR FIRST AUTONOMOUS, WIND-POWERED CARGO SHIP
A California-based startup called Clippership, working with a team of established leaders in the maritime community, reports it has completed designs classed by RINA for its first vessel, a wind-powered cargo ship designed for...
12-YEAR DEAL IN THE BAG FOR CANADA’S $4B HYDRO-POWERED FLOATING LNG PROJECT
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, has secured a new multi-year agreement for its floating liquefied natural gas (LNG) (FLNG) facility located in the...
POWERED BY PERSPECTIVE: COSCO ENERGY TRANSITION
LR Advisory partnered with COSCO SHIPPING to address IMO zero-carbon requirements. LR led a global consortium to deliver a comprehensive Energy Transition Strategy Report and a techno-economic model, giving COSCO SHIPPING the strategic clarity...
SEVEN-YEAR GAS SUPPLY DEAL IS A GO AS PUERTO RICO BACKS IT UP
U.S. energy infrastructure player New Fortress Energy (NFE) has received the go-ahead for its multi-year gas supply arrangement with the government of Puerto Rico, which will allow it to provide liquefied natural gas (LNG)...
THIRD LCO2 CARRIER TO LAUNCH EUROPE’S LARGEST CARBON CAPTURE PROJECT
Norway’s Northern Lights project, along with Japanese ship operator “K” Line (Kawasaki Kisen Kaisha), marked the delivery of the third commercial liquefied CO2 transport vessel. The ship named Northern Phoenix will join the operation...
EU ENDORSES 235 CROSS-BORDER ENERGY PROJECTS TO SCALE UP ELECTRICITY, HYDROGEN, AND CO2 INFRASTRUCTURE
As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common...