Outlook & Strategy
Texas LNG inks 20-year LNG offtake deal with Gunvor
Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.
First steel cut for advanced Spain-made unmanned vessel
Spain’s GONDAN Shipbuilders has cut the first steel for an advanced unmanned surface vessel (USV) that will perform subsea inspection, maintenance and repair (IMR) and survey work. GONDAN Shipbuilders started the construction of the USV in collaboration with USV A/S, an alliance of DeepOcean, Solsta
Erik Thun and Electrochaea in talks over e-methane offtake for green marine fuel
Electrochaea and Erik Thun have signed a letter of intent (LoI) to initiate negotiations on the offtake of e-methane for green maritime fuel.
IEA: Oil in transit reaches record highs due to shipping disruptions
Shipping disruptions through the Red Sea are pushing the amount of oil in transit to record levels, according to the latest International Energy Agency (IEA) Oil Market Report (OMR).
France looking at options to increase interconnection capacity with UK
The French Energy Regulatory Commission is investigating the opportunity for a new electricity interconnection between France and the UK, in addition to three that are currently operating. France’s Commission de régulation de l’énergie (CRE) launched a public consultation on March 5 concerning the o
New liquid biogas plant on the horizon in Port of Gothenburg
Nordion Energi and St1 signed an agreement for the supply of liquid biogas in the Port of Gothenburg where new facility is being planned.
Ulstein unveils new subsea vessel
Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei
PowerCell: Green hydrogen via fuel cells to play major role in maritime decarbonization
Marine hydrogen fuel cells have emerged as one of the zero-emission solutions that is fast maturing. With their commerciality improving, the popularity of fuel cells is yet to grow amid the global fight to decarbonize shipping.
German states seek better green hydrogen framework conditions
German states have launched a joint initiative, calling on the federal government to create better framework conditions for the production and use of green hydrogen.
BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects
BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT
With ‘outstanding’ financial results in 2023, Prysmian increases its decarbonization ambition
Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 mil
Minesto finds partner for expansion into Australian and New Zealand markets
Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets in Australia and New Zealand. The broadened market presence in Australia and New Zealand is directe
Maersk CEO shares three imperatives for shipping’s decarbonization to succeed
Ahead of the key global event that will decide the pace of shipping’s decarbonization, Vincent Clerc, CEO of Danish shipping and logistics giant A.P. Moller – Maersk, has highlighted three imperatives that will be crucial if the maritime industry wants to meet ambitious emission reduction targets.