Outlook & Strategy
Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,
UK sets aside almost £22B for carbon capture and storage, hydrogen projects
The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl
Eni recommits to slashing emissions in its first methane report
Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.
Report warns ‘business as usual’ will not decarbonize UK by 2050
A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of
Interview with Clean Shipping Alliance: Authorities banning scrubbers have no ‘hard’ evidence of environmental harm
“To scrub, or not to scrub” has been an ongoing debate in the maritime industry, especially following the entry into force of the 2020 sulphur cap. Many ports and countries have decided to ban open-loop scrubber discharges within their territorial waters, although there are no uniform regional or gl
Mermaid Subsea ahead of schedule with ‘major’ decommissioning campaign for Shell
Mermaid Subsea Services (UK) has ahead of schedule wrapped up the first phase of what it says is a major North Sea decommissioning contract for Shell UK. Mermaid announced in June that it had been awarded an engineering, preparation, removal and disposal (EPRD) well head severance (WHS) contract by
Hapag-Lloyd orders LNG dual-fuel containership fleet
Germany-based container shipping major Hapag-Lloyd has placed orders for up to thirty liquefied natural gas (LNG) dual-fuel container vessels in China.
Formal planning process for UK tidal scheme starts, with public consultations following
Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal
TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission
TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.
Yara inaugurates new ammonia import terminal in Germany
Norwegian ammonia trade and shipping company Yara International has officially opened its new ammonia import terminal in Brunsbüttel, Germany, providing the infrastructure to enable imports of up to three million tonnes of low-emission ammonia to Europe annually. The company inaugurated the new term
Companies to work together on decarbonization measures for bremenports
Companies at Germany’s bremenports have drawn up a joint declaration to continue working together to advance decarbonization and energy transition.
Energinet finds contractor for replacement of cables connecting Denmark and Sweden
Danish national transmission system operator (TSO) Energinet has selected a contractor to undertake the replacement of an outdated submarine cable that passes across Øresund connecting Denmark and Sweden. Together with Swedish TSO Kraftnät, Energinet owns and operates four Øresund links that connect
Saipem unveils solution for large-scale green hydrogen production, utilizing Nel’s technology
Saipem has unveiled IVHY 100, a 100 MW green hydrogen solution leveraging Nel’s technology, advancing the decarbonization of hard-to-abate industries and renewable hydrogen production.
EU and Uruguay to strengthen energy cooperation, hydrogen in focus
To deepen the bilateral energy cooperation between the European Union (EU) and Uruguay, Commissioner for Energy Kadri Simson has visited the South American country.