Maritime Industry Briefing: CCS Project, Offshore Drilling Contracts, and More

## Survey Underway at Italy's First CCS Project According to Offshore Energy, an offshore geophysical monitoring survey has commenced at the first carbon capture and storage (CCS) project in Italy. The project, located offshore the Ravenna area, is being developed by a consortium led by Eni, Italy's largest energy company. The survey work is a key step in assessing the geological viability of the site for long-term CO2 storage. CCS technology is seen as crucial for hard-to-abate industries like maritime shipping to achieve emissions reduction goals. ## Noble's Backlog Climbs to $7.5 Billion Offshore drilling contractor Noble Corporation has announced a series of new contract awards and extensions across several regions, boosting its total backlog to $7.5 billion, reports The Maritime Executive. The new deals cover offshore operations in Guyana, Norway, Nigeria, Trinidad, South America, and the U.S. Gulf of Mexico. This strong order book reflects the continued recovery in offshore drilling activity as the industry navigates the post-pandemic environment. ## Other Maritime Industry Updates - The Port of Long Beach set a new single-month cargo record in August, handling over 900,000 twenty-foot equivalent units (TEUs), according to gCaptain. This underscores the ongoing strain on U.S. supply chains and port infrastructure. - The International Chamber of Shipping called for global carbon pricing to drive decarbonization in the maritime sector, noting the industry will need $1.5 trillion in investment to meet 2050 emissions targets. - The European Union agreed to include shipping in its Emissions Trading System starting in 2024, a move that will impose carbon costs on the industry, reports Lloyd's List.