Outlook & Strategy
Great Britain approves five undersea energy links, two being its first offshore hybrid assets
Great Britain’s energy market regulator Ofgem has approved five new undersea energy links, with two creating Great Britain’s first-ever offshore hybrid assets (OHAs), all expected to be operational by the end of 2032. The approved OHA projects include the up to 1.8 GW LionLink, which will connect Du
‘Largest ever’ vessel-based UK North Sea decommissioning campaign wraps up, Mermaid Subsea reports
Mermaid Subsea Services (UK) has performed what it says is the largest vessel-based UK North Sea decommissioning campaign ever. The project included the plugging and abandonment (P&A) of 21 wells spread across the Northern and Central North Sea over a duration of two years, carried out on behalf of
Nuclear-derived e-fuels could shape the future of sustainable shipping
The maritime industry’s transition to net-zero emissions will require more than alternative fuels—it demands a rethinking of the energy systems that support fuel production, a new white paper stressed.
ESB looking into hydrogen exports from Ireland to Germany
Irish energy and utility company ESB is set to lead a study that will evaluate the production of green hydrogen and its derivatives in Ireland and the potential transportation pathways to export any excess to Germany.
New Blue Visby prototype trials project average GHG savings of 29%
The second prototype trials of the Blue Visby software involving liquefied petroleum gas (LPG) tankers have demonstrated that the solution can support various segments of the maritime industry and adapt to different scenarios while achieving substantial fuel and greenhouse gas (GHG) emissions saving
SAFEEN Group’s electric tug wins Guinness World Records title
SAFEEN Group, a maritime services provider and part of the UAE-based AD Ports Group, in collaboration with Dutch major Damen Shipyards, has achieved a Guinness World Records title for the most powerful electric tugboat.
VARD-built cable layer destined for Danish subsea specialist prepping for sea trials
Denmark’s subsea specialist NCT Offshore is planning to carry out sea trials for its new cable-laying vessel (CLV) constructed by Norway’s ship designer and shipbuilder VARD later this month. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N
Wallenius Wilhelmsen inks $580 million multi-year shipping contract
Norwegian shipping and logistics company Wallenius Wilhelmsen has signed a multi-year shipping contract with an undisclosed automotive manufacturer.
Yinson GreenTech and Zeabuz set sights on autonomous, remote-controlled electric vessel operations
Singapore’s green technology solutions provider Yinson GreenTech has joined forces with Norwegian autonomous maritime technology company Zeabuz to introduce autonomous and remote-control capabilities into its fleet of marine electric vessels. The two companies formalized their collaboration through
Aker BP’s CO2 storage licenses undergo technical peer review by ABL firm
Norway’s AGR, part of the energy and marine consultancy group ABL Group, has delivered a technical peer review of two carbon storage licenses in the Norwegian North Sea for compatriot E&P company Aker BP. AGR conducted an independent third-party technical peer review of the EXL005 Poseidon license,
IMO ready for net-zero framework talks at COP29
The International Maritime Organization’s (IMO) Secretary-General Arsenio Dominguez will lead the specialized agency’s delegation to the annual UN Climate Change Conference (COP 29) to be held in Baku, Azerbaijan, from November 11 to 22, 2024.
German hydrogen producer on the lookout for new investor amid financing infrastructure shift
German green hydrogen producer HH2E has decided to file for self-administration and pursue a structured corporate restructuring process after the company’s majority shareholder voted against providing financing for HH2E’s first green hydrogen production facility in Lubmin. Near the coast, in Lubmin
First sales and purchase agreement inked for UAE’s low-carbon LNG project
Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East
Konecranes expands sustainability commitments with new SBTi net-zero targets
Finland’s crane manufacturer Konecranes has unveiled that it will set net-zero group emission reduction targets aligned with the Science Based Targets initiative (SBTi) net-zero standard, complementing its existing near-term target of halving its operational and value chain emissions by 2030. This l