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Outlook & Strategy

German hydrogen producer on the lookout for new investor amid financing infrastructure shift

German green hydrogen producer HH2E has decided to file for self-administration and pursue a structured corporate restructuring process after the company’s majority shareholder voted against providing financing for HH2E’s first green hydrogen production facility in Lubmin. Near the coast, in Lubmin

about 1 year ago

Outlook & Strategy

First sales and purchase agreement inked for UAE’s low-carbon LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East

about 1 year ago

Outlook & Strategy

Singapore inks another deal with Asian partner in quest to become regional LNG hub

Singapore’s Energy Market Authority (EMA) has signed a memorandum of understanding (MoU) with PetroChina International, the trading arm of PetroChina, to collaborate on strengthening the island country’s supply and management skills in the liquefied natural gas (LNG) arena.

about 1 year ago

Outlook & Strategy

TNPA looking to trial green fuels on tugboat fleet

South Africa’s Transnet National Ports Authority (TNPA) has issued a request for information (RFI) for a strategic pilot project to use green and cleaner fuels for its diesel-operated tugboat fleet. According to TNPA, this pilot project seeks to retrofit existing tugboats to utilize alternative fuel

about 1 year ago

Outlook & Strategy

Konecranes expands sustainability commitments with new SBTi net-zero targets

Finland’s crane manufacturer Konecranes has unveiled that it will set net-zero group emission reduction targets aligned with the Science Based Targets initiative (SBTi) net-zero standard, complementing its existing near-term target of halving its operational and value chain emissions by 2030. This l

about 1 year ago

Outlook & Strategy

Hellenic Cables gets turnkey contract for project aimed at improving energy reliability of Greek islands

Greece’s Hellenic Cables has secured a turnkey contract with Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) for the submarine interconnection of the Ionian islands. Under the contract, Cenergy Holdings’ cable segment is in charge of the design, supply, and in

about 1 year ago

Outlook & Strategy

EBDG partners with Centerline to bring methanol-fueled power barge into operation

The U.S. marine transportation company Centerline Logistics and compatriot naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) have formed an exclusive partnership for the construction and deployment of a series of barge-based clean power solutions for ports lacking conven

about 1 year ago

Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum

Outlook & Strategy

Von der Leyen: Investment in European hydrogen to grow by 140% in 2024

Investment in European hydrogen is set to grow by 140% in 2024, according to European Commission President Ursula von der Leyen.

about 1 year ago

Outlook & Strategy

ExxonMobil buys FPSO working off Guyana for $1.23 billion

U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio

about 1 year ago

Outlook & Strategy

Madoqua and partners unveil plans for Portugal-Netherlands-Germany green fuels corridor

Dutch-Portuguese project development company Madoqua has signed a memorandum of understanding (MoU) with Port of Sines, Port of Rotterdam, and duisport to establish a green fuels corridor connecting Portugal with the Netherlands and Germany. Backed by the Portuguese government, the parties signed th

about 1 year ago

Outlook & Strategy

Wilson Sons calculates GHG reduction of up to 55% from Santa Clara terminal cargo operations

Brazilian port and maritime logistics operator Wilson Sons has calculated greenhouse gases (GHG) from cargo handled at the Santa Clara waterway terminal, located in Triunfo, Brazil, and concluded that 55% less GHG emissions are produced on the waterway compared to road transportation.

about 1 year ago

Outlook & Strategy

Final preparations for OEEC 2024 underway

Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and Offshore-Energy.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors ar

about 1 year ago

Outlook & Strategy

Reprocessing project wraps up for ‘largest OBN survey on Norwegian Continental Shelf’

A tripartite partnership has completed the reprocessing project for what is said to be the largest ocean bottom node (OBN) survey conducted on the Norwegian Continental Shelf (NCS). Viridien, TGS and Aquila Holdings, under its subsidiary Axxis Multi-client, announced on November 4 the completion of

about 1 year ago

Outlook & Strategy

EU called to unlock investments in production of clean maritime fuels

Clean Maritime Fuels Platform, an industry initiative aiming to enhance communication between the shipping sector and fuel producers, has called on policymakers to create regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.

about 1 year ago