Outlook & Strategy
GTT bags new LNGC and VLEC tank design order
GTT has received an order from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for the tank design of two LNGCs and a VLEC.
SKF joins Ocean Energy Europe as lead partner
Swedish bearing and seal manufacturing company SKF has taken part in the Board of Ocean Energy Europe, a network of ocean energy professionals, as a Lead Partner. Michael Baumann, Global Application Account Manager Ocean Energy, will be representing SKF on the board. “OEE is the largest global ne
Amogy and Green Ships sign ‘groundbreaking’ contract for ammonia power solution
Amogy and Green Ships Invest signed a commercial contract to deploy Amogy’s technology on carbon-free electrical platform supply vessels.
Seven firms set for ORE Catapult-led Fit for Offshore Renewables program
Seven firms from north Scotland and Orkney have been chosen for the first Fit For Offshore Renewables (F4OR) program in the region. The F4OR supply chain growth program, led by the Offshore Renewable Energy (ORE) Catapult, takes the companies 12-18 months to complete. The seven companies that were s
EU and Faroe Islands strengthen ties on green transition and climate change
The Faroe Islands, a self-governing country within the Kingdom of Denmark, and the European Union have signed a Memorandum of Understanding (MoU) to, among other things, work together on the green transition, energy and climate change. Faroese Prime Minister Aksel V. Johannesen and EU Commission Pre
Liquid Wind to fuel Wasaline’s Aurora Botnia with eMethanol from FlagshipTHREE plant
Electrofuel (eFuel) developer Liquid Wind has signed a letter of intent (LoI) with energy firm Umeå Energi and shipping company Wasaline for the sale and purchase of eMethanol from the eFuel facility in Umeå, Sweden.
Reach Subsea expands subsea service capacity due to ‘substantial tender pipeline’
Shortly after securing a 100-day project charter for the subsea vessel, Norway-headquartered Reach Subsea has extended the charter for Olympic Taurus due to a “solid backlog and substantial tender pipeline for the coming periods”. In mid-February, Reach Subsea announced a 100-day project charter for
ABEL Energy picks electrolyzer supplier for flagship Bell Bay project
ABEL Energy has selected thyssenkrupp nucera as the preferred supplier of electrolyzers required for its hydrogen and methanol project in Bell Bay, Tasmania.
Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag
A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.
DNV and Moss Maritime team up to propel floating solar technology in harsh marine environment
DNV has cooperated with offshore design and engineering services provider, Moss Maritime, to increase the deployment of floating solar technology in severe environmental conditions. DNV has issued a Statement of Conformity to Moss Maritime for the design methodology of XolarSurf, a floating solar c
Norway and Singapore strengthen hydrogen ties
The Norwegian Hydrogen Forum (NHF) and the Hydrogen and Fuel Cell Association of Singapore (HFCAS) have agreed to strengthen collaboration.
Italy’s Saipem and Fincantieri jointly pursuing subsea robotics
Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed
Minesto sees slight decline in operating income, widens operating loss
Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.