Energy.
EU methane regulation risks worsening the energy crisis
It’s not the first time Europe’s good intentions on tackling climate change have rubbed up against reality. In this case, the introduction of Article 28 of the EU’s Methane Emissions Regulation (EU MER), scheduled from 1 January, threatens to cut oil and gas imports into Europe when supplies are already constrained by the wars in Iran and Russia/Ukraine. Well-intentioned regulation agreed…
World’s first fore-accommodation LNG carrier equipped with MOL’s Wind Challenger receives LR Design Appraisal
LR's Design Appraisal confirms the technical readiness of HD Hyundai Heavy Industries' fore-accommodation LNG carrier design featuring MOL's Wind Challenger hard-sail system. Lloyd's Register has…
SGMF publishes first ISO-compliant Life Cycle Assessment of methanol as a marine fuel
New study completes SGMF’s portfolio of life cycle assessments across LNG, ammonia and methanol, providing a science-based reference point for the marine fuels transition. SGMF has published its…
Babcock LGE’s new LR-approved integrated cargo handling technology promises lower emissions and efficiency gains for gas carriers
Approval supports a new integrated reliquefication and fuel technology that enables liquefied gas carriers to extract greater value from energy already available onboard. Lloyd's Register has granted…
Nord Gas Solutions awarded contract for cargo handling and fuel supply systems for new MGC vessels
Nord Gas Solutions has been contracted to supply the Cargo Handling System and LPG Fuel Supply System for two new 40,000 m³ Medium Gas Carrier vessels being built at HD Hyundai for the shipowner…
New practitioner resources launched to help shipping prepare for ammonia-fueled vessels
These resources provide practical guidance to build the competencies and safety management organizations needed for ammonia-fueled shipping. Lloyd's Register Maritime Decarbonisation Hub (The Decarb…
Santos to increase interest in Papua LNG
TotalEnergies has agreed with ExxonMobil to transfer operatorship of the Papua LNG project to ExxonMobil PNG Antelope Limited, in parallel with a partial sell-down of its participating interest to…
NKT qualifies 525 kV HVDC subsea power cable system for operation at 90 °C
NKT launches a fully qualified 525 kV HVDC power cable system for operation with a 90 °C conductor temperature. This enables increased transmission capability, strengthening the performance of the…
New offshore drilling contract for Saipem worth approximately 260 million USD
Saipem has been awarded a new offshore drilling contract by Eni Côte d’Ivoire Limited, valued at approximately 260 million USD. In particular, the drillship Santorini will be deployed…
KOIL Energy secures significant contract in Brazil for maintenance services
KOIL Energy Solutions, Inc., a global leader in subsea equipment and services, today announced that it has secured a significant contract in Brazil, marking the Company's first subsea umbilical…
The Week in Alt Fuels: EU omits e-fuel earmarking – ENGINE
The EU's revised ETS could reserve 110 million allowances to reduce green bunker fuel price premiums from 2028-2040. But the absence of dedicated e-fuel earmarking raises some concerns. The European…
China restarts LNG re-exports on sufficient summer supply, stronger JKM
Chinese LNG buyers have resumed commercial re-export activity after a three-month pause, as stronger Northeast Asian spot LNG prices and weaker-than-expected domestic demand made selling cargoes…
EmissionLink warns cheap FuelEU compliance could weaken fuel transition
EmissionLink has warned that falling FuelEU Maritime surplus prices could make compliance cheaper for shipowners, but weaken the regulation’s ability to drive real uptake of lower-carbon fuels. As…
DOF Group ASA – Further fleet optimisation through vessel transactions and update on Skandi Amazonas
DOF Group announced two vessel transactions involving a total of six vessels as part of further fleet optimisation and high-grading efforts to strengthen DOF’s position in the company’s…
Record oil-on-water volumes limit the next leg higher in crude
Brent front-month prices have rallied by around $10/bbl over the past 10 days as renewed military strikes between Iran and the US reignited fears over Persian Gulf supply. Yet, despite flows through…
Project CAPTURED advances regulatory pathways for onboard captured CO2
EU ETS formally accepts deduction for onboard captured CO2 against vessel emissions IMO gives in-principle support to recognise carbon mineralisation as permanent CO2 storage Project CAPTURED has…
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