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  • UK and German representatives meet to celebrate NeuConnect

    11 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders

    German Ambassador to the UK Miguel Berger and UK Trade Commissioner for Europe Chris Barton have joined an industry event to help celebrate continued progress on the NeuConnect project that will create the first direct connection between the UK and German energy markets.  Led by Meridiam, Allianz Capital Partners and Kansai Electric Power, NeuConnect is a privately-financed interconnector that will […]

  • Cargo owners roll out a roadmap to decarbonize ocean freight by 2040

    11 November 2022
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition

    Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the 19 current signatories to coZEV’s 2040 Ambition […]

  • Chevron, Keppel, Pertamina to explore green hydrogen and ammonia projects in Indonesia

    11 November 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development, Transition

    Chevron New Energies, Keppel New Energy and Pertamina Power Indonesia have signed a joint study agreement to explore the development of selected green hydrogen and green ammonia projects using renewable energy located primarily in Sumatera, Indonesia. Under the agreement, the parties will explore the feasibility of developing a green hydrogen facility, with a capacity of […]

  • DNV partners IWSA to support wind propulsion uptake

    11 November 2022
    Certification & Classification, Collaboration

    Classification society DNV has joined the International Windship Association with the intention of using the membership status to further support and accelerate the uptake of wind-assisted propulsion systems by the global shipping fleet.

  • RWE wins Dutch offshore wind tender with project including green hydrogen and floating solar

    11 November 2022
    Business Developments & Projects, Project & Tenders

    RWE has won the permit to build a large-scale offshore wind farm at the Hollandse Kust West (HKW) VII site in the Dutch North Sea through the subsidy-free tender launched in the Netherlands in April. The Germany-based developer placed a bid through its project company Oranje Wind Power II and proposed a 760 MW offshore […]

  • COP27 brings another call for international framework to end fossil fuel era

    11 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    Tuvalu becomes the second nation-state to call for an international mechanism to phase out fossil fuels and enable transition to renewables.

  • Protection through Climate Adaptation by Boskalis

    11 November 2022
    Research & Development, Technology

    For more than a century, Boskalis has been active in providing protection against the forces of nature. Today, they help protect populations and the natural environment from the consequences of climate change, such as rising sea levels and extreme weather conditions through the coastal defense and riverbank protection activities. A selection of projects currently under […]

  • OEEC 2023

    10 November 2022

    Offshore Energy Exhibition & Conference 2023 has drawn its curtains after two remarkable and impactful days. As the sun sets on this dynamic event, the offshore energy industry wraps up with a gathering that not only showcased the latest innovations but also fostered meaningful connections and discussions. A big thanks to all participants, visitors, sponsors […]

  • Shell prolongs deal with BW Offshore and Saipem for Brazilian oil & gas project

    10 November 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem.

  • Furetank, Algoma expand investment to eight dual-fuel product tankers

    10 November 2022
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    Swedish Furetank and Canadian Algoma Central Corporation are expanding the FureBear joint venture to include eight dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August with an order for four dual-fuel tankers and is now extended with four additional 17,999 dwt units. Like the initial four-vessel order, […]

  • Production restart from FPSO operating off Brazil expected by year-end

    10 November 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Operations & Maintenance, Project & Tenders, Regulation & Policy, Safety, Vessels

    SBM Offshore is putting the wheels into motion to resume production by the year-end from an FPSO, which is working for Petrobras off Brazil.

  • Resen Waves to supply wave energy tech for CCS project monitoring

    10 November 2022
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Research & Development, Technology

    Danish company Resen Waves has joined the Greensand carbon capture and storage (CCS) project to develop small-scale wave energy buoys that will be used for monitoring activities.

  • Port of Aberdeen gets £200,000 to speed up its drive to net zero

    10 November 2022
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition

    The UK’s Port of Aberdeen has been awarded more than £200,000 from the UK Government to accelerate its drive to Net Zero by 2040. The ‘Port Zero’ feasibility study, which is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2), will analyse future port power demands, assess low carbon energy sources for equipment (e.g., cranes, […]

  • Zero-emission hydrogen USV receives UK government funding

    10 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Green Marine, Outlook & Strategy, Transition, Vessels, Vision

    SEA-KIT International has secured funding through the second round of the Clean Maritime Demonstration Competition (CMDC) to design a hydrogen-powered, zero-emission uncrewed surface vessel (USV). SEA-KIT and Bramble Energy will implement outputs from a Round 1 project that marinized a printed circuit board (PCB) hydrogel fuell cell into a proof-of-concept USV design that meets the […]

  • Israeli and Moroccan companies forge hydrogen partnership at COP27

    10 November 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Transition

    Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy have signed a strategic agreement for the co-development of a gigawatt-scale green hydrogen project. The agreement was signed during the UN Climate Conference COP27, which is being hosted by Egypt in Sharm El-Sheikh. Under the partnership agreement, Gaia will use a range of 10-20 MW-scale […]

  • Viking’s new cruise ship equipped with hydrogen fuel cells delivered

    10 November 2022
    Business Developments & Projects, Equipment, Vessels

    Italian shipbuilder Fincantieri has handed over Viking Neptune, a new cruise ship equipped with hydrogen fuel cells, to Swiss cruise line Viking.

  • ProtoAtlantic sets up free access to Lir NOTF for offshore renewable energy startups

    10 November 2022
    Business Developments & Projects, Collaboration, Equipment, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Research & Development, Technology

    ProtoAtlantic project has launched a new program that will enable free access to the facilities of Lir-National Ocean Test Facility (Lir NOTF) for offshore renewable energy startups across the Atlantic Area.

  • Marubeni to install four suction sails on Panamax bulker

    10 November 2022
    Business & Finance, Business Developments & Projects, Green Marine, Technology, Vessels

    Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panamax bulk carrier will be retrofitted with four 26-metre-high eSAILs®, expected to […]

  • Nexans inks reservation agreement for EuroAsia Interconnector

    10 November 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Nexans Norway has signed a reservation agreement for the HVDC cable systems for the Cyprus – Greece link of the EuroAsia Interconnector. EuroAsia Interconnector is a multi-terminal high-voltage, direct current scheme which will comprise three converter stations with sea electrodes, interconnected by cables, linking the national electricity grids of Israel, Cyprus and Greece with Europe. The […]

  • Yara and MOL team up to strengthen ammonia supply chain

    10 November 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy

    Yara Clean Ammonia, a subsidiary of Norwegian fertilizer company Yara International ASA, and Japanese shipping giant Mitsui O.S.K. Lines (MOL) have agreed to work together to strengthen ammonia supply chain. According to MOL, the collaboration includes but is not limited to using ammonia as a marine fuel. Demand for ammonia is expected to grow in […]

  • Offshore drilling results confirm CO2 storage capacity for Northern Lights project

    10 November 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Project & Tenders, Transition

    Northern Lights has confirmed the storage capacity of at least 5 million tonnes of CO2 per annum in the North Sea licence off Norway.

  • LR: 27%-30% of newly built ships will require fuel conversion to meet zero targets

    10 November 2022
    Certification & Classification, Vessels

    Despite pushing forward new initiatives by the shipping sector to achieve zero emissions, 27% to 30% of vessels newly built between 2022 and 2050 will still require conversion to a different fuel in order to meet zero targets, a new whitepaper published by classification society Lloyd’s Register shows.

  • Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds

    10 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Equipment, Infrastructure, Market Outlooks, Outlook & Strategy, Technology

    Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.

  • Saudi yard hands out deal for new jack-up rigs to U.S. player

    10 November 2022
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Vessels

    International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.

  • Samsung Heavy develops liquid hydrogen fuel cell system for ships with DNV’s approval

    10 November 2022
    Business Developments & Projects, Certification & Classification, Green Marine, Regulation & Policy

    South Korean shipbuilding major Samsung Heavy Industries (SHI) has developed a liquid hydrogen fuel cell system for ship propulsion and received approval in principle (AiP) from the classification society DNV. As explained, the system uses the electric power generated by liquid hydrogen and polymer electrolyte fuel cells to propel a vessel. SHI developed the system through […]