Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The calls for the Global North to pay up for climate damages have reached a crescendo. The post Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour? appeared first on Offshore Energy.

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision. The post $111 billion investment on Petrobras’ five-year agenda appeared first on Offshore Energy.

Ferry service company Hong Kong & Kowloon Ferry (HKKF) has welcomed two new “zero […] The post Hong Kong company rolls out the red carpet for two eco-friendly electric-hybrid ferries appeared first on Offshore Energy.

On a mission to breathe life into its new semi-submersible drilling rig design, Friede & Goldman (F&G) has joined forces with China’s Dalian Shipbuilding Offshore Co. (DSOC). The post US firm and Chinese player pooling resources to bring new semi-submersible rig design to life appeared first on Offshore Energy.

Around ten years ago, the Damen Offshore Carrier (DOC) was launched. The idea was […] The post The Damen CLV: a new generation of cable layer appeared first on Offshore Energy.

The Netherlands is a pioneer in including nature enhancement stipulations in offshore (wind) energy […] The post OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion appeared first on Offshore Energy.

A consortium led by the United Kingdom’s energy supermajor BP has reached a final investment decision (FID) on a project featuring enhanced gas recovery (EGR) through carbon capture, utilization, and storage (CCUS) in Indonesia. The post BP okays Indonesian $7 billion project to unlock additional gas for Asia appeared first on Offshore Energy.

The government of Singapore has unveiled a SGD $100 million (approximately $74,1 million) support […] The post Singapore commits $74M to green growth in marine and offshore energy appeared first on Offshore Energy.

Velesto has confirmed the wrap-up of wreck clearance with recycling activities expected to follow suit shortly for one of its jack-up rigs that tilted due to an incident and subsequently sank in 2021. The post Sunken rig’s wreck removal done as recycling ops near the finish line with Boskalis’ help appeared first on Offshore Energy.

Philly Shipyard is facing legal hurdles as U.S. dredging services provider Great Lakes Dredge […] The post US shipbuilder faces legal challenge over construction of the states’ first subsea rock installation vessel appeared first on Offshore Energy.