Shipping companies that transport the world's coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel.In a sign of investors taking the initiative, six European firms collectively representing over 5% of the estimated annual $16 billion capital financing requirements of the
Norwegian firm Ocean Installer, best known for its subsea installation services in the oil and gas sector, in December 2020 changed its name to Havfram - Ocean Forward in Norwegian - saying the name change reflected the company's growing commitment to offshore wind. Now, less than a year after the name change
Iran said on Wednesday the United States had agreed to remove all sanctions on Iran's oil and shipping but Washington said "nothing is agreed until everything is agreed" in talks to revive the 2015 Iran nuclear deal.The remarks by outgoing President Hassan Rouhani's chief of staff Mahmoud Vaezi echoed previous assertions by officials in Rouhani's pragmatist camp that Washington is ready to make
A woman officer will be appointed to the rank of admiral for the first time in the centuries-long history of the British Royal Navy.Commodore Jude Terry, who has served for nearly a quarter of a century, has been selected for promotion to rear admiral, making her the most senior woman in the Royal Navy, past or present.
Singapore currently accounts for a third of the world’s cruises its tourism body said on Wednesday, owing to the roaring success of its “cruises to nowhere” at a time of crisis in the industry globally.Cruises have yet to restart in many parts of the world after taking a beating from the coronavirus pandemic, with some of the earliest big outbreaks found on cruise ships.
Hawboldt Industries installed an ABB winch drive with in-built active heave compensation (AHC) software at the heart of a new winch and offshore crane for the research vessel Kilo Moana, giving University of Hawai‘i Marine Center scientists a reliable means of deploying water sampling equipment at depths up to 5,000 meters in even the roughest sea conditions.
If you’ve perused social media in recent weeks, you may have come across people singing chanteys, which were work songs employed on merchant sailing ships.Historically, chanteys – which are also spelled as “shanties” or “chanties” – began with a sing-out by a crew member recognized as “the chanteyman,” usually someone prized for his voice and ability to extemporize.
The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo.The move appears to be a first step in delivering on newly sworn-in President Joe Biden's campaign promise to ban all new federal drilling permits
The House Transportation and Infrastructure Committee, Subcommittee on Water Resources and Environment, held a hearing January 12, starting development of a 2022 Water Resources and Development Act. One Subcommittee goal is a new and updated WRDA every two years. Michael L. Connor, Assistant Secretary of the Army (Civil Works) and Lieutenant General Scott A.
U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022."This is the best macro-environment that the LNG business has ever seen," Delfin Chief Executive Dudley Poston told Reuters this week
Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the United States, from investment firm Oaktree Capital Management LP.While no valuation was given in the announcement statement, the deal values Ports America at over $4 billion, according to two sources familiar with the matter.
Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints. Several LNG producers are proposing adding carbon capture and storage alongside their LNG projects.