energy transition

The Trump administration announced its withdrawal from International Maritime Organization (IMO) negotiations aimed at decarbonising the shipping industry and warned it would retaliate against any carbon-related fees imposed on U.S. vessels. The move was conveyed through a diplomatic note sent...

BP chairman Helge Lund has announced plans to step down, likely in 2026, with a succession process now underway led by senior independent director Amanda Blanc. The board aims to ensure a smooth transition while maintaining focus on executing BP’s...

Dong Fang Offshore, a Taiwanese offshore services provider, has signed a US$125.9M contract with Vard for a new subsea construction vessel, its third from the shipbuilder. The 121-meter-long vessel will support offshore wind and telecoms projects, featuring a 250-tonne crane,...

The International Air Transport Association (IATA) has officially launched the Sustainable Aviation Fuel (SAF) Registry under the Civil Aviation Decarbonization Organization (CADO). This critical platform aims to drive the aviation industry toward net zero emissions by 2050. The SAF Registry creates a verifiable, transparent...

Taiwan Fertilizer has shipped 6,000 metric tons of blue ammonia to Taiwanese semiconductor firms, marking a significant step in the country’s clean energy transition. Blue ammonia, which is made by capturing carbon dioxide and combining it with nitrogen, reduces carbon...

The U.S. removed a regulatory hurdle for LNG export projects by rescinding a policy that required exports to non-FTA countries to begin within seven years of approval. Introduced in April 2023 under President Biden, the policy mandated specific criteria for...

South Korea’s shipbuilding industry is experiencing a historic surge in LNG carrier orders, with 276 vessels worth $71.3 billion on order, making up 52% of total shipbuilding tonnage. QatarEnergy has been a key driver, expanding its LNG fleet to support...

Avenir Ascension will become the first bunker vessel to run entirely on bio-LNG throughout 2025, cutting CO2 emissions by over 3,500 tonnes annually. Starting April 1, 2025, Avenir LNG aims to support sustainable maritime fuels and meet rising demand for...

Big Oil has largely abandoned its green transition efforts, returning to its core business of oil and gas. BP, under investor pressure, is ramping up fossil fuel investments, launching 27 new projects while cutting green spending. Shell, having avoided a...

Vestas has confirmed an order from Copenhagen Infrastructure Partners (CIP) for 33 V236-15MW turbines for Taiwan’s 495MW Fengmiao 1 offshore wind project. This marks the first zero-subsidy Round 3 project in Taiwan to reach financial close, a key milestone for...