Outlook & Strategy
BASF and AM Green enter non-binding green ammonia offtake deal
German BASF and Indian AM Green have signed a non-binding letter of intent (LoI) for the offtake of 100,000 tons annually of ammonia produced exclusively with renewable energy.
Multiple contract win in Brazil brings $53 million to Solstad
Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil. The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month,
DNV and IRS come on board Nuclear Energy Maritime Organization
Classification societies DNV and Indian Register of Shipping (IRS) have become members of the Nuclear Energy Maritime Organization (NEMO), an association focused on advancing the integration of nuclear technology in maritime. NEMO was created earlier this year by a group of companies interested in d
UK firm plans autonomous submarine fleet, 50 units in the long term
UK’s remote robotics company HonuWorx is planning to develop a fleet of autonomous submarines that will perform services across the oil & gas, offshore wind, and defense sectors, targeting 50 units in the long term. In what the company describes as an industry-first, HonuWorx deployed a remotely ope
UK likely to unlock £10 billion worth of North Sea oil & gas with encouraging fiscal regime, WoodMac finds
Considering the rising focus on energy security, Wood Mackenzie has pointed out that Britain could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.
Longship bids welcome to second ‘ultra-low’ emission diesel-electric cargo vessel
The Netherlands-based shipping company Longship has taken delivery of the second of a series of four ultra-low-emission, diesel-electric newbuildings from Türkiye’s Atlas Shipyard. As disclosed, the 8,600 dwt general cargo vessel, dubbed the Longeon, was handed over on October 25, 2024. It is part o
BV: Regulatory barriers impede widespread uptake of wind propulsion
Despite the promising progress of wind propulsion in shipping, its uptake remains hindered by regulatory barriers, technical challenges, and a lack of confidence among industry stakeholders, classification society Bureau Veritas (BV) said in a recent report.
Amsterdam and Den Helder ports firm up cooperation to accelerate energy transition
Port of Amsterdam and Port of Den Helder have decided to strengthen their cooperation on energy transition, offshore wind, and hydrogen through a new memorandum of understanding (MoU). The Dutch ports signed the MoU on October 23, 2024, to intensify their collaboration in the areas of commerce, oper
Ireland, Indiana eye green shipping corridor to cut emissions
A green shipping route and a new container service are envisaged between Ireland and Indiana under a newly signed memorandum of understanding (MOU).
OEEC 2024: A lot to talk about
In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren
TGS sees record-high OBN contract activity following merger with PGS
Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le
Climate change is the first and foremost priority for European ports, report shows
Climate change has maintained its position as the foremost environmental concern for European ports, a new report found.
‘Challenging conditions’ prompt Neste to discontinue initial green hydrogen project at Porvoo refinery
Amid “challenging market conditions and financial performance”, Finnish oil refining and marketing company Neste has decided to re-evaluate its plans for renewable hydrogen production and withdraw from investing in a 120 MW electrolyzer at its Porvoo refinery. Originally, Neste’s plan included build
TES teams up with Japanese equity fund to scale e-NG production
Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), and Advantage Partners (AP), a Japanese private equity fund, are in discussions to explore potential investments in TES’ e-NG projects.