How can the global energy grid keep pace with fast-growing demand from new data centers supporting artificial intelligence (AI) and cloud computing? Nuclear energy and coastal waters offer a potential answer.The potential for floating nuclear-powered data centers is explored in depth in the latest research from ABS and Herbert Engineering.
One of the world’s most advanced offshore production assets, the Agogo floating production storage and offloading (FPSO) vessel, operated by Yinson Production for Azule Energy, made a scheduled technical stop at Walvis Bay in Namibia, while en route to a field offshore Angola.The brief stopover, which took place on May 8, 2025
On April 30, Senator Mark Kelly (D-AZ), together with several original co-sponsors, reintroduced the SHIPS for America Act in the U.S. Senate, first introduced in December 2024, divided into two bills. Companion legislation was also introduced in the U.S. House of Representatives by Rep. Trent Kelly (R-MS) and Rep. John Garamendi (D-CA). This is a major, historic effort to revitalize the U.S.
US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching the process to develop the 11th National Outer Continental Shelf Program marks a decisive step toward securing American Energy Dominance
The Bureau of Ocean Energy Management (BOEM) has announced its approval of the Construction and Operations Plan for the Maryland Offshore Wind project.This is the final approval needed for the project from BOEM following the Department of the Interior’s September 2024 Record of Decision.
President-elect Donald Trump's support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum.His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric vehicle production
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly."Earlier this year, the UK sanctioned Arctic LNG 2, alongside our allies in the US and EU.
McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims to enable a viable pathway for offshore blue ammonia production, contributing to the global transition to low-carbon energy sources
Britain has slapped sanctions on 10 further ships in Russia's so-called "shadow fleet" of vessels which it says use illicit practices to avoid Western restrictions on Russian oil.Russia rejects Western pressure to limit its oil exports, and in the past year there has been a growth in the number of tankers transporting cargoes that are not regulated or insured by conventional Western providers.
The U.S. on Thursday imposed sanctions on two companies and two vessels linked to Russia's Arctic LNG 2 project, Washington's latest step to add costs on Moscow for its invasion of Ukraine.The Arctic 2 project, 60% owned by Russia's Novatek had been due to become Russia's largest liquefied natural gas plant with eventual output of 19.8 million metric tons per year of LNG from three trains.
A ship operated by Russian shipping group Sovcomflot rescued the crew of a tanker taking in water off Yemen's coast this week, the state-owned company, which is under Western sanctions, said on Wednesday.Sovcomflot tanker NS Africa was sailing southeast of the port of Nishtun in southern Yemen on June 23 when it responded to a distress call by the Lavant tanker whose crew had abandoned ship and
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).