Outlook & Strategy

Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project
Ørsted decided to cease the development of commercial-scale e-Methanol facility under construction, the FlagshipONE project in Sweden.

Viking Line to demonstrate Baltic Sea’s first green corridor
Viking Line revealed plans to run vessels serving the Turku route on liquefied biogas (LBG) for the first time.

Ocean Sun expands its leadership team to boost product development and operations
Norway-based floating solar company Ocean Sun has unveiled the addition of two new C-level executives to its leadership team.

GAC Spain settles in Huelva to back shipping sector, hydrogen in spotlight
GAC Spain has opened a new office at the Port of Huelva to support the country’s shipping and energy industry, including hydrogen.

DOF wins new long-term contract with Petrobras
Norwegian vessel owner DOF Group has secured a new long-term contract with Brazilian oil and gas giant, Petrobras, for its pipelay support vessel (PLSV), as well as an extension of the contract for the PLSV Skandi Açu.

Singaporean shipbuilder one year early with delivery of jack-up rig to Borr Drilling
Singapore’s Seatrium has delivered the fourth out of five jack-up rigs to UK-headquartered offshore drilling contractor Borr Drilling, a year ahead of the planned delivery date. Completed and delivered on an accelerated schedule, the rig named Vali is of KFELS Super B Class, capable of operating in

Partners to transform Norwegian Risavika into green ammonia hub
Iverson eFuels, Port of Stavanger, ASCO Norge and St1 have signed a partnership agreement to make green ammonia available in the Stavanger region of Norway.

UK-made subsea battery systems hit the water offshore Canada
Three UK companies have deployed three subsea battery-powered control systems offshore Canada that are said to maintain the integrity of the subsea electrical infrastructure when topside electrical power is unavailable.

RWE kicks off green hydrogen production at pilot plant in Lingen
German energy company RWE has started green hydrogen production at its 14 MW pilot electrolyzer plant in Lingen, Germany.

UK’s largest subsea green electricity superhighway cleared for construction take-off
UK energy market regulator Ofgem has selected what is set to become Great Britain’s longest-ever subsea connection as the first project to proceed under its fast-track process and to receive a £3.4 billion funding package. Eastern Green Link 2 (EGL2) is the first of 26 projects to complete the fast-

GOGL lowers carbon footprint as it progresses towards ‘truly green’ fleet
Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) revealed a 13.3% reduction in the Carbon Intensity Indicator (CII) across all segments of its fleet compared to a 2019 baseline.

Giant Heerema vessel installs offshore wind-powered gas platform in North Sea
Heerema Marine Contractors has completed the installation of a gas platform in the North Sea that is set to be powered by offshore wind as part of a project operated by Dutch exploration and production player ONE-Dyas. Following the discovery of the N05-A field in August 2017, ONE-Dyas secured the f

H2Terminals inks MoU on insurance solutions for green hydrogen shipping
H2Terminals and the London P&I Club have signed a memorandum of understanding (MoU) under which the two parties will cooperate to evaluate and develop insurance solutions for the shipping of green hydrogen.

Greenstat to start construction of Agder hydrogen facility in Norway
Norwegian energy company Greenstat is set to commence construction of the hydrogen hub Agder, located at Fiskå industrial park in Kristiansand, Norway.