Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd
As the world faces new challenges in 2023, offshore energy industries are making new plans to deliver on the net-zero target. In addition to marine energy, the fast-growing offshore wind sector is also finding its place among oil and gas players. Example number one: SSE Renewables and Equinor, the d
Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric
Technology company IDTechEx has forecasted that the water electrolyser market will grow to over $120 billion by 2033. In its ‘Green Hydrogen Production: Electrolyser Markets 2023-2033’ report, IDTechEx noted that the plans from the European Union (EU), from the RePowerEU strategy, and the USA, from
Allseas has been appointed to carry out the pipeline installation scope for phase one of a gas field expansion project in the Eastern Mediterranean. The company’s vessels Solitaire and Oceanic will execute the work comprising approximately 150 kilometers of 20-inch pipeline from the Tamar field to t
Evergreen’s giant 24,000 TEU containership Ever Acme transited the Suez Canal on Friday, 3 of February, while underway on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Sue
Chairman and CEO of TotalEnergies, Patrick Pouyanné, has visited the Cabo Delgado province of Mozambique, where the Mozambique LNG project is located, to review the security and humanitarian situation. On 2 February, TotalEnergies informed that Pouyanné visited the Afungi industrial site, the resett
Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit
The logistics industry is taking a major step towards sustainability with the launch of Greenabl Shippers Association, the first not-for-profit cooperative procurement group committed to decarbonizing the transportation sector. Managed by Bluspark, the association brings together expertise in ocean
In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris
