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The dawn of the Fifth Industrial Revolution in shipping is here

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The shipping industry is currently undergoing a transformation shaped by innovations in naval architecture, green technology and digital technology, all enabling a new industrial revolution, according to Christopher J. Wiernicki, Chairman and CEO of class society ABS. The post The dawn of the Fifth Industrial Revolution in shipping is here appeared first on Offshore Energy.

Saipem rig kicks off second drilling campaign off Namibia after first one yielded oil discoveries

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Galp has embarked on its second exploration and appraisal program in the Orange Basin where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia, which is situated close to recent discoveries made by Shell and TotalEnergies.  The post Saipem rig kicks off second drilling campaign off Namibia after first one yielded oil discoveries appeared first on Offshore Energy.

Carbon Ridge secures funding to advance development of its OCCS technology

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U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has raised $9.5 million in funding to advance the commercial demonstration of its patent-pending onboard carbon capture and storage solution (OCCS). The post Carbon Ridge secures funding to advance development of its OCCS technology appeared first on Offshore Energy.

Montreal Port Authority makes progress on pathway to carbon neutrality

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In a bid to enhance energy efficiency and reduce its carbon footprint as part of broader strategy objectives, Canada’s Montreal Port Authority (MPA) has entered into a strategic partnership with SOFIAC, a local investment fund specializing in decarbonization. The post Montreal Port Authority makes progress on pathway to carbon neutrality appeared first on Offshore Energy.