This innovative project, known as 'Shore Power in Operation,' will significantly reduce vessel emissions at the port's berths, cutting them by over 80% compared to using marine fuel.

This coexistence is considered feasible and valuable for both oil and gas and renewables in Norwegian waters, despite the challenges involved.

The summit, held in New Delhi, aimed to establish global consensus on decarbonization, sustainable development, and nature conservation ahead of the UN's climate summit in Dubai later this year.

The two companies have been working together to establish Italy's first CCS project offshore from Ravenna, with ambitious plans for a CCS hub in the Adriatic Sea.

The MOUs, signed with the CEOs of each company, aim to explore potential joint business opportunities in various segments, including exploration and production, energy transition, refining, petrochemicals, renewable energy, hydrogen, fertilizers, ammonia, and carbon capture.

Westminster has articulated its desire for the treaty to undergo a process of "modernization" and has not ruled out the possibility of withdrawal if the necessary reforms are not enacted.

Third Energy's Kirby Misperton KM8 well site is poised to transition into an operational geothermal energy test site under the leadership of innovative firm CeraPhi Energy.

Recent surveys conducted among the UK workforce have identified critical challenges including skill shortages, policy constraints, and concerns about sustainability as significant barriers to achieving the nation's net-zero goals.

Amidst recurring promises from governments to curtail fossil fuel subsidies, a recent report reveals that these subsidies surged to an all-time high of $1.3 trillion last year.

Scottish Energy Secretary Neil Gray has expressed concern over the UK Government's approach to the just transition and called for a more robust commitment to climate checkpoints for proposed new North Sea licences.