Outlook & Strategy

THREE60 secures contract with EMEC to advance marine energy projects
Aberdeen-based THREE60 Energy has been awarded a three-year contract with the Orkney-based European Marine Energy Centre (EMEC) to deliver electrical services to support the demonstration of renewable energy projects.

Aberdeen-based energy services firm buys local subsea engineering company
Aberdeen-based energy services company THREE60 Energy has acquired a local subsea engineering company with the aim of enhancing its capabilities. With the acquisition of Samphire Subsea, THREE60 said it expects to further enhance its lifecycle solutions offering by adding subsea engineering, operati

Indian Hygenco and Swiss Ameropa eye green ammonia collaboration
Hygenco Green Energies and Ameropa have signed a term sheet in view of the potential supply of green ammonia from Hygenco’s planned ammonia project in Odisha, India.

Mermaid Subsea scores multi-year North Sea decommissioning contract with Shell
Mermaid Subsea Services (UK) has received a multi-year engineering, preparation, removal, and disposal (EPRD) wellhead severance (WHS) contract in the North Sea from Shell UK.

Centrica knocks on Wood’s door for hydrogen storage project in North Sea
Wood has been awarded a front-end engineering design (FEED) contract by Centrica Energy Storage (CES) for the redevelopment of the UK’s Rough field in readiness for future hydrogen storage.

Partners ink development agreement for BarMar hydrogen infrastructure
Enagás, GRTgaz, and Teréga, in coordination with OGE, have signed a joint development agreement (JDA) for the BarMar hydrogen infrastructure.

ZeroNorth and Hapag-Lloyd shake hands on bunker digitalization
ZeroNorth and Hapag-Lloyd teamed up to launch a new solution for digitalizing the end-to-end bunker planning and procurement process.

Repsol handpicks headhunter to staff its Norwegian onshore and offshore assets
AGR has won a frame agreement with Repsol Norge to recruit energy professionals for the latter’s operations in the Nordic country.

New alliance looking into development of hydrogen and ammonia technologies
KKR and IGNIS have agreed to launch a platform IGNIS P2X to develop primarily green hydrogen and ammonia projects for industrial applications in hard-to-abate sectors.

Chinese energy firm packs its bags to join the exodus from Russia
China-based provider of clean energy services Wison New Energies has signaled its intention to end all current and future Russian operations.

New cross-industry collab targets shipping decarbonization via energy efficiency, future fuels, and onboard carbon capture
GCMD and OGCI teamed up to work on decarbonizing the shipping industry with focus on energy efficiency, future fuels, and onboard CO2 capture.

Ocean Installer picked for major subsea scope at Equinor’s large oil & gas field
Norwegian state-owned energy company Equinor has awarded compatriot Ocean Installer with an engineering, procurement, construction and installation (EPCI) contract to deliver a subsea scope for its huge oil and natural gas field in the Norwegian sector of the North Sea. Equinor and its partners have

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down
High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

ExxonMobil allies with Air Liquide for its low-carbon hydrogen project in Texas
ExxonMobil and Air Liquide have entered an agreement that is expected to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility, in the U.S.