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Floating solar park with offshore wind farm (Courtesy of RWE)

Outlook & Strategy

In focus: Global hunt for energy security revving up as Russian crisis jolts supply chains

With the next United Nations Climate Change Conference approaching in a few months, governments and energy companies around the globe are working on strategies on how to shift from fossil fuels to renewable energy.

about 4 years ago

Govt to dish out millions to kickstart 11 carbon capture projects with potential to generate $20 billion

Outlook & Strategy

Govt to dish out millions to kickstart 11 carbon capture projects with potential to generate $20 bln

Emissions Reduction Alberta (ERA) says Canada’s province will invest over $40 million in 11 projects focused on advancing CCUS.

about 4 years ago

Two oil & gas firms ink merger deal valued at $307 million to establish full-cycle asset base and boost output and reserves

Outlook & Strategy

Two oil & gas firms ink merger deal to establish ‘full-cycle asset base’

Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.

about 4 years ago

Outlook & Strategy

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago

Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts

Outlook & Strategy

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago

Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises

Outlook & Strategy

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago

Outlook & Strategy

Ports of Rotterdam, Baie-Comeau to collaborate on port development

The Port of Rotterdam in the Netherlands and the Port of Baie Comeau in Canada have agreed to jointly explore the potential for future growth and development of the Port of Baie-Comeau.

about 4 years ago

Outlook & Strategy

Wärtsilä moves forward with smart port ecosystem vision

Wärtsilä Voyage, part of the Finnish technology group Wärtsilä, has decided to acquire PortLink Global, a Canada-based port solutions company.

about 4 years ago

Outlook & Strategy

Marine Renewables Canada strengthens ties with ELBE Alliance

Canada’s national association for offshore renewable energies Marine Renewables Canada has formalised a collaboration with the European Leaders of Blue Energy (ELBE) Alliance focused on the marine energy and offshore wind sectors. As part of the partnership, Marine Renewables Canada will work with E

about 4 years ago

Outlook & Strategy

RightShip backs Port of Québec’s emissions reduction initiative

Canada’s Port of Québec has decided to use a greenhouse gas (GHG) rating tool from maritime risk management agency RightShip to assess the emissions of ships entering its waters and offer discounts on port fees to vessels, dependent on their GHG rating and emission efficiency. According to RightShip

about 4 years ago

A photo of the G7 ministers at the meeting in Berlin in May 2022

Outlook & Strategy

G7 launches Hydrogen Action Pact. Will offshore wind help reach its ‘green’ ambitions?

The Group of Seven (G7) has launched the G7 Hydrogen Action Pact (G7-HAP), a joint initiative on low-carbon and renewable hydrogen, and its derivatives such as ammonia. The pact comes on the heels of the recently signed declarations through which some of the seven countries vowed to up their energy

about 4 years ago

Outlook & Strategy

G7 countries to end public funding for international fossil fuels projects

The G7 countries have pledged to end direct international public financing of the fossil fuels sector starting from the end of this year.

about 4 years ago

Outlook & Strategy

Port of Montreal welcomes next-gen carbon-efficient ships

The Port of Montreal, the second largest port in Canada, has started welcoming new, fuel-efficient vessels, in line with the port’s goal of reducing its carbon footprint.

about 4 years ago

Outlook & Strategy

WPCAP exploring ways to scale up shore power worldwide

World Ports Climate Action Program (WPCAP), a working group that focuses on taking actions against climate change in the maritime sector, has provided updates on current progress and made agreements on how to proceed with the various processes, especially the development of shore power and alternati

about 4 years ago