Outlook & Strategy
Europe likely to miss its 2030 renewable hydrogen targets, ACER says
Hydrogen projects face risks from uncertainties of future hydrogen demand and high costs, and the EU is likely to miss the 2030 strategic goal of 20 Mt renewable hydrogen consumption, according to a hydrogen monitoring report from the European Union Agency for the Cooperation of Energy Regulators (A
DFDS: Turkish logistics acquisition reaches completion
Danish ferry and logistics company DFDS has completed the acquisition of the international transport network of Ekol Logistics, headquartered in Türkiye’s capital city of Istanbul. As disclosed, DFDS purchased the Turkish logistics player for a debt-free price of DKK 1.8 billion (about €240 million)
Borealis-chartered dual-fuel gas carrier outfitted with Norsepower rotor sails for 4% emission reduction
Wind propulsion specialist Norsepower has completed the installation of two rotor sails on Oceanus Aurora, a dual-fuel very large gas carrier (VLGC) owned by Japanese shipping company IINO Kaiun Kaisha (IINO Lines) and chartered by Austrian chemical company Borealis. Under the contract from March 20
DeepOcean, Rem Offshore, Myklebust Shipyard land their largest contracts ever thanks to Equinor
Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said
India’s SECI and H2Global agree to advance green hydrogen collaboration
Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Solar Energy Corporation of India (SECI) have signed a memorandum of understanding (MoU) to build cross-border hydrogen collaboration. The MoU sign
THREE60 booked for six years to lead ‘UK’s first multi-asset decom scope’
Aberdeen-based energy services company THREE60 Energy has secured a six-year, multi-million-pound contract to lead what it says is the UK’s first multi-asset decommissioning scope. As part of a contract with a major North Sea operator awarded following a competitive tender process, THREE60 Energy sa
COP29 pledge unites global port industry to ensure climate resilience of ports
Multi-stakeholder initiative Resilience4Ports has launched the first sectoral, action-based commitment to enhance and accelerate the resilience of ports from the effects of climate change.
DNV and Seatrium ally on marine and offshore innovation and sustainability
Norway-based classification society DNV has signed a memorandum of understanding (MoU) with Seatrium, a Singaporean engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product design.
Green shipping corridors surge by 40% worldwide, report reveals
Green shipping corridors – specific trade routes where the feasibility of zero-emission shipping is catalyzed by public and private action – have rapidly expanded in popularity worldwide but progress could stall without urgent action from governments to overcome a “feasibility wall”, according to a
Houlder: Shipowners navigate through unclear waters amid shipping’s energy transition
Shipowners worldwide see uncertainty as a major barrier to shipping’s energy transition, with tightening regulations forcing decisions despite unclear policy pathways, a survey done by the UK’s design and engineering consultancy Houlder showed. As disclosed, two years after its previous interviews,
Hystar launches 1.5 MW hydrogen technology project in Norway
Norwegian company Hystar has officially inaugurated its hydrogen technology HyPilot project at the Kårstø gas processing plant in Rogaland.
Tender opens for Greece’s second HVDC cable system
Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE) has launched the tender for the country’s second high-voltage direct current (HVDC) cable system, a project that will integrate the Dodecanese Islands into the mainland high-voltage grid. The tender f
One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam
The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto
Funding for EU’s second hydrogen auction increases to around €2 billion
Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024.