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Algoma Endeavour raises Canadian flag for the 1st time at Montreal Port

Algoma Endeavour, a final Equinox class vessel built for Canadian shipping company Algoma Central Corporation, recently made a stopover at the Port of Montreal to complete its reflagging process. The post Algoma Endeavour raises Canadian flag for the 1st time at Montreal Port appeared first on Offshore Energy.

Damen secures new tug order from Fairplay Towage

Dutch shipbuilder Damen Shipyards Group has received a contract to construct new tugs for Hamburg-based tugboat operator Fairplay Towage under its ongoing fleet renewal program. In addition, Damen signed a contract with Neue Schleppdampfschiffsreederei Louis Meyer. The post Damen secures new tug order from Fairplay Towage appeared first on Offshore Energy.

Oil, gas, and LNG weaving energy security web

The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy security lifeforce as vital signs of strength in countries’ energy flows. The post Oil, gas, and LNG weaving energy security web appeared first on Offshore Energy.

Fossil fuels are here to stay just like their greener brethren

The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps the oil and gas industry took to scale up the production ante, including further market consolidation moves. The post Fossil fuels are here to stay just like their greener brethren appeared first on Offshore Energy.

Shipping emissions can drop over 95% by 2050 with policy support, report says

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.

Step on the gas, pretty please

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.