Energy

Despite the seemingly wavering market characterized more by shrewd speculations than logical comprehension, oil traders were back on track last Friday, steering oil prices to a rise of nearly 1 percent. This unexpected shift in the pricing trend was primarily attributed to burgeoning apprehensions about global stockpiles dwindling.  Delving into the Figures: The Unravelling Market […]

Affirming its position at the helm of the futuristic shipping industry, HiNAS Control, an artificial intelligence (AI) powered autonomous navigation system, has received a design verification report from DNV. This groundbreaking development arrives as a fruitful collaboration between Avikus, a renowned navigation expert, and the industry giant, HD Hyundai Heavy Industries. The Liberian International Ship

Unveiling an ambitious plan to bolster Sweden’s renewable energy capacity, Stockholm-based developer OX2 has announced its innovative project to establish a new offshore wind farm off the coast of Gotland. Coined as the “Ran” offshore wind farm, this project will be staking out territory within 12 kilometers of Gotland’s eastern shore, promising a monumental step

Northern Lights Leading in Eco-shipping Innovation In a groundbreaking order that signifies a major stride in green shipping, Northern Lights has placed an order for a state-of-the-art CO2 carrier. The reputable Dalian Shipbuilding Offshore Company from China has been contracted to fashion the vessel tailored to carry 7,500 m3 of CO2. This revolutionary ship not

Honoring a Pop Icon To sparkle amongst the galaxy of stars, one must certainly exemplify unique talents and relentless dedication. With her compelling voice and hypnotic dance moves, Shakira does more than just shine; she blazes with a brilliance few can match. The upcoming MTV Video Music Awards (VMAs) is set to celebrate the ‘She

The hubbub of oil trading on Tuesday was marked by anxious anticipation, restyling itself almost verbatim from Monday’s theatrics. As Hurricane Idalia readies to kiss the shores of the U.S. Gulf Coast on Wednesday, all glimpses are transfixed on the storm’s potential aftermath. Shored up also by a dip in the U.S. dollar, Brent ended

Giant wind-driven structures adorning the decks of massive cargo ships seem to become more common with each passing week. Recent standout developments in this realm were presented by innovators in France and Singapore. Hybrid Cargo Giants: France’s Cutting-edge Contribution Canopée, currently unveiled as the world’s leading hybrid industrial freight ship operated by wind, now parades

Unveiling the LP Technology R&D Project In groundbreaking recent developments, an alliance of energy industry giants – Future Energy Exports CRC, JX Nippon Oil & Gas Exploration Corporation, Low Emission Technology Australia, Mitsui O.S.K. Lines, and Osaka Gas, have teamed up to launch the ‘LP Technology R&D Project.’ This groundbreaking initiative centers on the exploration

Transitioning from Conventional Power to Zero-Emissions Fuel Future Proof Shipping’s (FPS) container vessel, the FPS Waal, has recently anchored at Werkendam’s Holland Shipyards Group in the Netherlands, initiating the transformation that will run on eco-friendly hydrogen power. The FPS Waal’s conversion follows in the wake of the FPS Maas which was recently rechristened as the

Gripping Challenges for the Offshore Wind Sector The offshore wind industry is venturing into new territories, coming face-to-face with unforeseen difficulties. Although governments worldwide are laying impressive groundwork goals for the sector, leading developers are having second thoughts due to shifting market economics and a supply chain burden that leads to cost increases. Furthermore, these