The volume of global investment in carbon capture and storage projects has hit $6.4 billion in 2022, said Fatih Yilmaz, an expert in the Climate and Sustainability Program at the King Abdullah Petroleum Studies and Research Center. 

Al Fattan Energy will join hands with LTechUVC, company based in South Korea to participate in the green hydrogen-based green ammonia business on the occasion of the visit of the President of the Republic of Korea.

Allied Market Research published a report, titled, "Global Cargo Shipping Market by Cargo Type (Liquid Cargo, Dry Cargo, and General Cargo), by Ship Type (Bulk Carriers, General Cargo Ship, Container Ship, Tanker, Reefer ship, and Others), and by Industry Type (Food & Beverages, Manufacturing, Retail, Oil & gas, Automotive, Pharmaceutical, Electrical & Electronics, and Others) Global Opportunity Analysis and Industry Forecast, 2022–2031". According to the report, the global cargo shipping industry generated $2,191.0 billion in 2021 and is anticipated to generate $4,224.9 billion by 2031, witnessing a CAGR of 7.04% from 2022 to 2031.

First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. (“Navios Partners”). Proceeds from the financing, which is secured by product tankers, will be used by Navios Partners to refinance existing debt.

First Citizens Bank today announced that its Maritime Finance group, part of the CIT division, served as sole lead arranger on $44.2 million in debt financing for Navios Maritime Partners L.P. ("Navios Partners"). Proceeds from the financing, which is secured by product tankers, will be used by Navios Partners to refinance existing debt.

The Saudi Ports Authority, also known as Mawani, on Tuesday, launched a  project worth SR7 billion ($1.9 billion) to upgrade and develop two container terminals at the King Abdulaziz Port in Dammam.

Indonesia has approved the first plan of development for the Tuna offshore gas field with total estimated investment of $3.07 billion up to the start of production, upstream oil and gas regulator SKK Migas said on Monday.

India approved on Wednesday an incentive plan of 197.4 billion rupees ($2.4 billion) to promote the green hydrogen industry in a bid to cut emissions and become a major exporter in the field.