IMO’s Net-Zero Framework mandates a new fuel standard for ships and a global pricing mechanism for emissions. The post IMO’s Net-Zero Framework caught in crossfire ahead of pivotal adoption decision appeared first on Offshore Energy.

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, with a global energy shortfall as a potential outcome. The post IEA: Oil & gas decline rates sound the alarm over global energy security risks appeared first on Offshore Energy.

Inpex Masela, a joint venture between Inpex Corporation and the Japan Organization for Metals and Energy Security (JOGMEC), has tasked Aquaterra Energy, a UK-headquartered offshore energy engineering solutions provider, with carrying out structural analyses for its operations off the coast of Indonesia. The post INPEX taps Aquaterra for subsea structural support in Indonesian deepwater project appeared first on Offshore Energy.

Marine fuel supplier Peninsula has expanded its physical supply operations to Algoa Bay, South Africa. The post Peninsula expands bunkering operations to South Africa appeared first on Offshore Energy.

Taiwanese shipping company Yang Ming Marine Transport Corporation has commissioned South Korean shipbuilding heavyweight […] The post Yang Ming books Taiwan’s ‘first’ ammonia-ready dual-fuel containerships from Hanwha Ocean appeared first on Offshore Energy.

Nexans has started laying high-voltage subsea cable between Italy’s Sicily and Sardinia as part […] The post Nexans starts connecting Sicily and Sardinia with ‘deepest subsea cable’-to-be appeared first on Offshore Energy.

Wah Kwong NatPower Holdings Limited (WK NatPower), a new joint venture between Hong Kong-based shipowner Wah Kwong and the UK-based clean energy enabler NatPower Marine, and Shandong Port Group (SPG), a Chinese state-owned port company, have signed a strategic memorandum of understanding (MOU) to develop large-scale shore power and ship charging projects. The post Wah Kwong NatPower JV, SPG join forces on shore power, ship charging projects appeared first on Offshore Energy.

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has tightened its grip on 33 jack-up rig additions to its fleet by revising its cash merger offer to bring the UAE-based Shelf Drilling into its fold. As a result, more than half of the shareholder base has endorsed the takeover bid. The post ADES sweetens Shelf Drilling merger deal with enhanced cash offer appeared first on Offshore Energy.

The Hague-based Wave Energy Collective (Weco) has completed the first full assembly of its […] The post Weco completes first full assembly of its upgraded wave energy device appeared first on Offshore Energy.