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Outlook & Strategy

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ACWA Power and ITOCHU pen ammonia development and offtake deal
Outlook & Strategy

ACWA Power and ITOCHU pen ammonia development and offtake deal

ACWA Power and ITOCHU have signed an agreement to explore the codeveloping and offtaking of ammonia from ACWA Power’s green hydrogen project in Egypt.

about 2 years ago
Hywind Tampen floating wind farm and Snorre platform; Source: Equinor
Outlook & Strategy

Energy transition needs to pick up the pace to counter uncertainty over net zero targets

Equinor has highlighted that the speed and scale of the energy transition have to increase to reach the 1.5-degree ambition by 2050.

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about 2 years ago
ACWA Power and Tunisian government partner up for green hydrogen project
Outlook & Strategy

ACWA Power and Tunisian government partner up for green hydrogen project

ACWA Power has signed a memorandum of understanding (MoU) with the Tunisian government to explore the potential for a project that would produce up to 600,000 tonnes per year of green hydrogen in three phases, for export to Europe.

about 2 years ago
AD Ports and partners to develop green methanol facility for maritime transport
Outlook & Strategy

AD Ports and partners to develop green methanol facility for maritime transport

AD Ports signed an MoU with Transmar and Orascom Construction to develop a green methanol storage and export facility for maritime transport.

about 2 years ago
ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners
Outlook & Strategy

ADNOC strikes low-carbon ammonia, LNG carrier deals with Korean partners

ADNOC secured agreements with companies in the Republic of Korea regarding low-carbon ammonia, LNG carrier shipbuilding, and LPG value chain.

about 2 years ago
TA’ZIZ ammonia project in Abu Dhabi reaches new stage
Outlook & Strategy

TA’ZIZ ammonia project in Abu Dhabi reaches new stage

Fertiglobe has awarded a construction contract to Tecnimont for TA’ZIZ’s low-carbon ammonia production facility in Abu Dhabi.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Outlook & Strategy

QatarEnergy’s CEO on doubling production capacity: LNG is here to stay for years on end

CEO of QatarEnergy is adamant that LNG will keep its spot at the top of the energy demand pyramid for a long time.

about 2 years ago
New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia
Outlook & Strategy

New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia

ADNOC delivered the first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage to Mitsui in Japan.

about 2 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Outlook & Strategy

‘Large’ orders for floating production systems coming soon

The floating production systems construction market remains a key bright spot in the offshore marketplace, according to Energy Maritime Associates (EMA).

about 2 years ago
Illustration; Source: Unique Group
Outlook & Strategy

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago
Greece and Saudi Arabia to launch studies for potential electricity interconnector
Outlook & Strategy

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Actis-Fortescue consortium to work on large green hydrogen project in Oman
Outlook & Strategy

Actis-Fortescue consortium to work on large green hydrogen project in Oman

A consortium between Actis and Fortescue has been awarded the rights to develop, build, own and operate a large green hydrogen project in Oman.

about 2 years ago
European Commission and Saudi Arabia eyeing energy cooperation
Outlook & Strategy

European Commission and Saudi Arabia eyeing energy cooperation

European Commission and Saudi Arabia have held talks in view of a Saudi-EU memorandum of understanding (MoU) on energy cooperation.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Outlook & Strategy

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago