Outlook & Strategy
EU grants €8.9 million for advanced hydrogen valley in Western France
An 18-member consortium, coordinated by French hydrogen producer Lhyfe, has launched a new project to establish an advanced green hydrogen valley in Western France. The project has received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking. The project c
MAN ES expands duel-fuel methanol engine deal with CCS
German engine manufacturer MAN Energy Solutions and China Classification Society (CCS) have signed a sub-agreement that will support the development project for the new MAN 21/31 dual-fuel methanol (DF-M) engine.
Danish firm to explore wave energy deployment offshore Barbados
Danish company Wavepiston and Export Barbados (BIDC), an agency of the Barbados Government, are set to explore the deployment of wave energy farms offshore Barbados. According to Wavepiston, Barbados and most of the Caribbean region hold a large potential for wave energy. Barbados has set a net-zero
NKT seeks to cut carbon footprint of power cables with latest partnership
Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz
Engineering and environmental studies launched for EU’s first hydrogen corridor
The European first major hydrogen corridor, the so-called H2Med project comprised of hydrogen interconnection between Portugal and Spain and a subsea pipeline connecting Spain and France (BarMar), is entering the next phase of its development with contracts for preliminary engineering and environmen
Wave power for subsea equipment project finishes 12-month-long test program
Renewables for Subsea Power (RSP) project which has combined wave power with subsea energy storage to power subsea equipment has completed a 12-month test program at sea, aiming to reach the finish line this spring. This £2 million (approximately $2,5 million) project connected the Blue X wave ener
UK needs 27 GW of wave energy to reach cost-effective net-zero energy system, report says
To deliver a cost-effective net-zero energy system and with electricity consumption potentially trebling by 2050, the UK should seek to harness 27 GW of wave energy, according to research by Finland’s LUT University. LUT University investigated a series of potential scenarios for the UK and Ireland
Major partners join JIP to develop seabed mobility guidance for offshore renewables
Four new partners have joined the Offshore Renewable Energy (ORE) Catapult’s joint industry project (JIP) to develop seabed mobility guidance for the offshore renewable sector. The 18-month project has doubled in number of partners, with National Grid, Ørsted, Vattenfall, and BP now joining RWE, Sco
Project to develop world’s largest offshore floating solar power plant takes off
The consortium behind the Nautical SUNRISE project has started work to develop the world’s largest offshore floating solar power installation. The €8.4 million project, supported by €6.8 million of the Horizon Europe program, started in December 2023 to execute research and development on offshore f
Hellmann cuts CO2 footprint with HMM’s Green Sailing Service
South Korea’s national flagship carrier HMM has forged a strategic partnership with Germany’s transport and logistics company Hellmann Worldwide Logistics that will see Hellmann becoming an official participant of HMM’s Green Sailing Service.
Yara to receive green ammonia from Oman under new deal with ACME
Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th
PowerCell joins new EU project to develop marine fuel cells
Swedish hydrogen fuel cell provider PowerCell has joined H2Marine, an EU project aimed at developing innovative hydrogen solutions with a focus on developing and testing fuel cells specifically for marine applications. The project entails a comprehensive process of design, development, testing, and
With natural gas in high demand, Shell forecasts global LNG growth will top 50% by 2040
Shell has revealed its latest outlook on the global demand for LNG, predicting a rise in demand of more than 50% by 2040.
WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?
While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.