International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL, commissioned by the UK Department for Transport as part of the evidence base for maritime decarbonization policies. The post Shipping emissions can drop over 95% by 2050 with policy support, report says appeared first on Offshore Energy.

Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones. The post Step on the gas, pretty please appeared first on Offshore Energy.

Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U.S., through its subsidiary MOL (Americas), even as tariffs continue to roil global trade and challenge the shipping sector. The post Amid tariff turmoil, MOL opens office in Washington appeared first on Offshore Energy.

ADNOC Trading, an affiliate of Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with India’s Hindustan Petroleum Corporation Limited (HPCL), a unit of the state-owned Oil & Natural Gas Corporation (ONGC). The post ADNOC inks LNG deal with Indian player appeared first on Offshore Energy.

South Korea-based LS Marine Solution has signed a contract, worth approximately $15.8 million (about […] The post LS Marine Solution inks contract for Taipower Offshore Wind Project Phase II appeared first on Offshore Energy.

High levels of barnacle biofouling on underwater hulls across the global shipping fleet can significantly drag down decarbonization efforts and increase fuel costs, a new study found. The post Barnacle biofouling can hurt decarbonization efforts of global shipping fleet, new study shows appeared first on Offshore Energy.

Scottish wave energy company Mocean Energy’s Blue Horizon project is progressing through detailed design […] The post Mocean Energy’s Blue Horizon project gears up for offshore trials appeared first on Offshore Energy.

QatarEnergy has signed a long-term condensate supply agreement with the Singapore-based Shell International Eastern Trading Company (SIETCO), a wholly-owned subsidiary of the UK-headquartered energy major Shell. The post QatarEnergy to supply Shell with condensate until 2050s appeared first on Offshore Energy.

The Dutch company, N-Sea Group, has been awarded a contract to repair one of […] The post N-Sea lands another cable repair contract for 576 MW Gwynt y Môr offshore wind farm appeared first on Offshore Energy.

Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments. The post Top dollar oil & gas FID plays in 2024 with offshore development epilogues to come appeared first on Offshore Energy.