Outlook & Strategy
Trinity’s takeover by Trinidadian firm pressing on as previous contender decides to step back
After the acquisition of UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, by Canada-based Touchstone Exploration was upheaved by a cash offer from a third player, Trinidad-headquartered Lease Operators, the new w
UK cosmetics company co-funds tidal energy project near its head office
LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool
Rovco and Vaarst’s new brand makes €17.8M investment in its fleet
Beam, a new brand formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst, has added two autonomous surface vessels (ASVs) and an electric work-class remotely operated vehicle (ROV) to its fleet. Under the brand-new name, the companies aim to bring technol
The Baltic Sea’s first green freight corridor is here
Finnish shipping company Viking Line, compatriot road transportation company Scandic Trans and food business operator Orkla Suomi have launched a biofuel-powered scheduled freight service, opening the Baltic Sea’s first green freight corridor.
Sweden opens its ‘first’ onshore power facility for cruise ships
Ports of Stockholm has inaugurated ‘Sweden’s first’ onshore power connection for international cruise ships, improving the region’s position as a sustainable cruise traffic destination.
INTERCARGO pushes for urgent CII reforms at MEPC 82
Ahead of the Marine Environment Protection Committee’s (MEPC 82) session, the International Association of Dry Cargo Shipowners (INTERCARGO) has submitted a series of proposals to the International Maritime Organization (IMO), calling for revisions of the Carbon Intensity Indicator (CII). INTERCARGO
Vallourec expands pipe coating services with acquisition of Brazillian firm
France’s tubular solutions provider Vallourec has entered into a definitive agreement with Mattr to acquire 100% of the shares in its subsidiary, Thermotite do Brasil, a provider of thermal insulation pipe coating services for the offshore oil and gas industry. Vallourec is acquiring Thermotite do B
THREE60 Energy names new Renewables Director from within
Aberdeen-based THREE60 Energy has appointed a new Renewables Director, Scott Roy, to support a just energy transition and help customers reach their Net Zero targets. Scott Roy will oversee the Aberdeen-based company’s strategic growth efforts across the company’s service lines. According to THREE60
French firm’s barge in fifth gear for Germany’s Wilhelmshaven 2 LNG terminal
As part of a contract with Norway’s technology company ECOnnect Energy, French Geocean has picked up the thermo composite pipes (TCP) reels that will connect the FSRU to the onshore site as part of the second liquefied natural gas (LNG) terminal in Wilhelmshaven developed by German state-owned Deuts
Grand block ceremony held for newbuild Nexans cable layer (Photos)
Nexans and Ulstein have held the grand block ceremony for the new cable-laying vessel (CLV) Nexans Electra, bringing the vessel closer to realization. The ceremony was celebrated on September 10 at CRIST, Poland, with the remaining processes such as engineering, outfitting, system integration, equip
Nexans to link Orkney Islands to UK mainland in 2027
Following the capacity reservation agreement signed in November 2023, French subsea power cables manufacturer Nexans has officially been awarded a contract by SSEN Transmission to connect the Orkney Islands and the UK mainland. The Orkney Transmission Link will exchange up to 220 MW of renewable ene
Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers
McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.
‘Groundbreaking step’: Australia and Germany commit to contribute €400M to joint H2Global hydrogen auction
Germany and Australia are expanding their energy cooperation through a joint declaration of intent under which each country committed to contribute €200 million to a joint H2Global auction, an initiative aiming to address the cost-of-difference of renewable hydrogen and its derivatives while establi
Five years of emission cuts bring UK’s 2030 oil & gas decarbonization targets within reach, but more needed for cleaner energy
Based on the latest report on emissions in the oil and gas industry by the UK’s regulator, the North Sea Transition Authority (NSTA), progress has been made on the decarbonization journey, however, additional effort is still required to ensure the industry will meet key emissions targets and adopt l