Outlook & Strategy
‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support
UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu
Trafigura forms joint venture company with Spanish oil operator
Global commodity trading group Trafigura and oil operator Meroil S.A. have created a joint venture company that includes storage infrastructure for biofuels within the port of Barcelona. Following Trafigura’s acquisition of 50% of the shares in Meroil Tank S.L. from Meroil for an undisclosed sum, Me
Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security
Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.
Hydrogen, maritime projects among winners of €4.8 billion EU grant
The European Commission has selected 85 net-zero projects, including those involving hydrogen and maritime, to receive €4.8 billion in grants from the Innovation Fund.
Green Marine Europe program reports two-fold increase in participants
Green Marine Europe (GME), the European environmental certification program dedicated to the maritime industry, revealed that the number of program participants more than doubled in just two years.
Green light for development of Germany-wide hydrogen core network
The Federal Network Agency (BNetzA) has approved the construction of the Germany-wide hydrogen core network, expected to be created by 2032.
EU fund grants €14.3 million for scale-up of advanced remote USVs
Norwegian Reach Subsea has secured funding of up to €14.3 million from the EU Innovation Fund, under the Net Zero Technologies initiative, which will be used for the scale-up of the Reach Remote project focusing on the development of advanced remote unmanned surface vessels (USVs). “This is a signif
Wärtsilä to provide cargo handling systems for four new 93,000 cbm ammonia carriers
Wärtsilä Gas Solutions will supply cargo handling systems for four new 93,000 cbm capacity VLACs being built by Hanwha Ocean for Naftomar.
CMA CGM joins forces with SUEZ on biomethane supplies for gas-powered ships
French shipping giant CMA CGM has partnered with circular waste management solutions provider SUEZ to work on the production of biomethane and the low-carbon transition of maritime transport. To this end, on October 18, the companies signed a memorandum of understanding (MoU) outlining three main ar
MMMCZCS survey: Majority of maritime community willing to work with ammonia-fueled vessels
While the implementation of ammonia as a marine fuel is expected to be technologically feasible as early as 2025-2026, its toxic nature requires the maritime industry to develop new approaches to safety. However, the majority of maritime community members are willing to sail on or work with ammonia-
Offshore wind firm expands with acquisition of ‘highly complementary’ subsea company
Offshore wind services company Venterra Group has acquired Oceanscan Holdings Limited, a group of companies that provide subsea and non-destructive test equipment, geotechnical services and specialist personnel to the offshore energy market. Founded in 1989 and headquartered in Aberdeen with oversea
New Finnish consortium to work on fuel-flexible technologies for maritime transport
A number of Finnish research organizations and companies have launched a project to develop fuel-flexible solutions for maritime transport and off-road machinery, enabling the optimal use of zero- and low-carbon fuels and reducing greenhouse gas (GHG) emissions by up to 100%. The Flexible Clean Prop
With funding boost under the belt, Stena Line and partners evaluating first UK-Ireland green shipping route
Backed by recently secured funding, the Green Corridor initiative is commencing a study to assess the feasibility of establishing a zero-emission shipping route between ports of Holyhead and Dublin. If established, it will be the first green route to operate between the UK and Ireland. The Green Cor
Wheels set in motion for project using North Sea, Baltic Sea, and Western Mediterranean as case studies to align offshore renewables with ocean protection
As one of the consortium members, the Renewables Grid Initiative (RGI) has unveiled the launch of a project, which is envisioned to promote nature-inclusive designs for offshore renewable infrastructure. Funded under Horizon Europe’s ‘Restore our Ocean and Waters’ mission, the Nature-inclusive desig