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Outlook & Strategy

CPN and Towngas ink green methanol deal to promote Hong Kong’s green marine fuel action plan

Bunker service provider Chimbusco Pan Nation Petro-Chemical (CPN) has formed a partnership with Hong Kong and China Gas Company (Towngas) to develop domestic and international green methanol marine fuel markets and promote Hong Kong as a green marine fuel center. To this end, CPN and Towngas recentl

about 1 year ago

Outlook & Strategy

Uniper’s Green Wilhelmshaven project in Northern Germany gains ground

German energy major Uniper has selected U.S. electrolyzer manufacturer Electric Hydrogen to design a 200 megawatt (MW) electrolyzer plant within its Green Wilhelmshaven project in Northern Germany.

about 1 year ago

Outlook & Strategy

Canadian-French duo to work on $8 bln green hydrogen and ammonia project in Newfoundland

French low-carbon energy company EDF and Canada’s energy transition developer Abraxas Power have agreed to jointly develop a green hydrogen and ammonia project in Central Newfoundland, Canada. To this end, the companies have entered into strategic development agreements for the $8.5 billion Exploits

about 1 year ago

Outlook & Strategy

Panama Canal set to diversify operations to bolster ‘climate neutrality’ targets

In his keynote address at a recently held maritime conference in Houston, Texas, Panama Canal administrator Ricaurte Vásquez shared details of a plan to evaluate alternative initiatives to expand the canal’s operations and support Panama’s role as an “integral” shipping hub. Vásquez revealed that an

about 1 year ago

Outlook & Strategy

Allseas waves goodbye to shallow-water pipelay barge after 27 years

Dutch offshore contractor Allseas is bidding farewell to a shallow-water pipelay barge it purchased in 1997, after having installed over 400 kilometers of nearshore pipeline across the world. Allseas has sold its 154-meter-long Tog Mor barge for repurpose after it ran aground in Mexico in September

about 1 year ago

Outlook & Strategy

European JV getting ready for installation of subsea cables for two Senegalese links (Photos)

A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has made progress in preparation for the installation of subsea power cables for two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people.

about 1 year ago

Outlook & Strategy

Call issued for renewables investments in Africa

European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa have launched the global campaign ‘Scaling up Renewables in Africa’ during the Global Citizen NOW event in Rio de Janeiro, Brazil.

about 1 year ago

Four men standing behind a desk on stage

Outlook & Strategy

Malaysia and China fostering oil & gas and LNG collaboration

Two state-owned companies, Malaysia’s Petronas and China’s China National Petroleum Corporation (CNPC), have signed a memorandum of understanding (MoU) for strategic cooperation in the oil and gas and liquefied natural gas (LNG) arena.

about 1 year ago

Outlook & Strategy

Green light from Ofgem for 2 GW subsea electricity superhighway

UK energy market regulator Ofgem has greenlit the Eastern Green Link 1 (EGL1) electricity superhighway by awarding a £2 billion funding package for the construction of the project. The 2 GW EGL1 HVDC multi-directional cable is being developed by National Grid Electricity Transmission (NGET) and SP T

about 1 year ago

Outlook & Strategy

Cargotec bids farewell to MacGregor in a $507M deal, casts net toward future

Helsinki-headquartered Cargotec Corporation has made the decision to let go of its MacGregor business area to funds managed by Luxembourg’s mid-market sector-specialist Triton for an enterprise value of €480 million (circa $507 million) to support the growth of the corporation’s load-handling equipm

about 1 year ago

Outlook & Strategy

LR and SHI to work on green ammonia FPSO system

South Korean shipbuilder Samsung Heavy Industries (SHI) and classification society Lloyd’s Register (LR) have signed a memorandum of understanding (MoU) to jointly develop a floating production, storage, and offloading (FPSO) for green ammonia. Together, SHI and LR plan to develop the FPSO unit that

about 1 year ago

Outlook & Strategy

Shell and Technip Energies tighten collaboration on CO2 capture technology

French engineering player Technip Energies and catalysts, technical services, and licensed process technologies provider, Shell Catalysts & Technologies, are advancing their decade-long collaboration, moving towards global exclusivity for delivering amine-based post-combustion carbon capture solutio

about 1 year ago

Outlook & Strategy

ONE, Seaspan Corporation create ONESEA

Singapore-based shipping company Ocean Network Express (ONE) and Hong Kong-based containership lessor Seaspan Corporation have created OneSea Solutions (ONESEA), a solutions provider focused on technical ship management and maritime talent development.

about 1 year ago

Outlook & Strategy

ORIX eyes up to 20% emissions reduction through biofuel trial

Tokyo-based financial services company ORIX Corporation has decided to conduct a sea trial using biofuel on its owned vessel which is currently chartered by Danish shipping company Norden. The trial will the first time for ORIX to use biofuels on the owned vessel, specifically a fuel composed of a m

about 1 year ago