Outlook & Strategy

Lloyd’s Register: Safety is crucial for adoption of ammonia as marine fuel
A report by Lloyd’s Register has highlighted the need for an industry-wide understanding of the operational and safety challenges surrounding the use of ammonia as a marine fuel.

In effort to have ‘world’s most advanced AUV fleet’, Argeo inks deal for another unit
In an effort to build an advanced autonomous underwater vehicle (AUV) fleet, ocean surveying and inspection company Argeo Subsea has signed a Certificate of Delivery and Acceptance with CSI Nordics for the second Kongsberg Discovery HUGIN Superior AUV. Under a three-party Certificate of Delivery and

Técnicas Reunidas and Sterling plan 1 MWe hydrogen electrolyzer in India
Técnicas Reunidas and Sterling Generators have signed an agreement for the joint development of a 1 MWe hydrogen electrolyzer in India.

UK CCS cluster step closer to execution phase with approval for CO2 pipeline
The UK Government has granted a development consent order (DCO) for a newbuild CO2 pipeline that will transport CO2 from capture plants across the North West of England and North Wales to permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The Secre

Norwegians to build ‘first of its kind’ energy subsea construction vessel
Norwegian shipping company Rem Offshore has placed an order with compatriot Myklebust Verft for the construction of an energy subsea construction vessel (ESCV) said to be the first of its kind to perform heavy construction work in both offshore wind and subsea with net zero emissions. According to R

Finland’s Hamina LNG terminal hosts first-ever ship bunkering
Hamina LNG terminal, located in Southeastern Finland, at the port of Hamina (Baltic Sea), has, for the first time ever, served as a ship bunkering site.

EU ETS and FuelEU Maritime to close price gap between green and fossil fuels, report finds
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Finnish technology group Wärtsilä.

Germany and Namibia agree to bolster hydrogen partnership
German Federal Minister of Economics Robert Habeck and Namibia’s Energy Minister Tom Alweendo have agreed to deepen the countries’ hydrogen partnership.

Irish company gets patent in India for its hydrokinetic turbine
Ireland-headquartered GKinetic Energy has secured a patent in India for its hydrokinetic turbine, representing the tenth patent awarded to the company. GKinetic announced it had a patent granted in India covering its accelerator and water turbine assembly design. Indian Patent No. 508411 is said to

Oman LNG and Germany’s SEFE finalize LNG supply deal, eye hydrogen cooperation
SEFE and Oman LNG have finalized a sale and purchase agreement (SPA) for 0.4 million tonnes per annum (mtpa) of LNG.

Equinor contracts Optime Subsea for ROCS deployment at Irpa field
Norwegian state-owned energy giant Equinor has contracted a compatriot provider of subsea solutions for the oil & gas industry, Optime Subsea, to deliver two remotely operated systems (ROCS) at the operator’s Irpa field. Equinor’s latest award follows just three months after the company procured ROC

GasLog links up with Chart Industries for large-scale liquid hydrogen supply chain
Chart Industries and GasLog have teamed up to study the development of a commercial-scale liquid hydrogen (LH2) supply chain.

2 GW subsea electricity superhighway first to progress through Ofgem’s fast-track process
UK energy market regulator Ofgem has selected a 2 GW high-voltage direct current (HVDC) subsea cable as the first project to proceed under the new fast-track process and to receive a provisional £2 billion funding package. Eastern Green Link 1 (EGL1) is being developed by National Grid Electricity T

RWE’s plans for green hydrogen production in Teesside gain ground
RWE is advancing plans for Teesside green hydrogen plant with the acquisition of a land option at Wilton International.