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Outlook & Strategy

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Fossil EnergyGreen MarineInfrastructureMarket OutlooksVesselsClean FuelLiquefied Natural GasBusiness & FinanceBusiness Developments & ProjectsAmmoniaHydrogenProductionCollaborationProject & TendersResearch & DevelopmentEnvironmentRegulation & PolicyTechnologyTransitionCablingGridOffshore WindOil & GasPipesSubseaVisionLow-Carbon TransitionExploration & ProductionCarbon Capture Usage & StorageAlternative FuelsBiofuelsElectricHybridMethanolOther FuelsRegulations & PolicyAuthorities & GovernmentRules & RegulationEnergy Efficiency & InnovationPropulsionShipbuildingInnovation
IEA
Outlook & Strategy

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).

about 2 years ago
ADNOC seals second long-term LNG deal for Ruwais project
Outlook & Strategy

ADNOC seals second long-term LNG deal for Ruwais project

ADNOC and SEFE signed a long-term agreement for the delivery of 1 mmtpa of LNG from low-carbon Ruwais LNG project.

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about 2 years ago
ACWA Power allies with LONGi for its green hydrogen project in Uzbekistan
Outlook & Strategy

ACWA Power allies with LONGi for its green hydrogen project in Uzbekistan

ACWA Power and LONGi Hydrogen have partnered up for the first phase of a 3,000 tonne-per-year green hydrogen project in Uzbekistan.

about 2 years ago
Asyad
Outlook & Strategy

Asyad Shipping teams up with LR on ESG reporting

Asyad Shipping, part of Asyad Group, and classification society Lloyd’s Register (LR) have partnered to deliver the Omani national shipping company’s first Environmental, Social and Governance (ESG) report, in line with the established Global Reporting frameworks.

about 2 years ago
costs
Outlook & Strategy

Shipping’s EU ETS costs could nearly triple due to Red Sea crisis, OceanScore says

The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).

about 2 years ago
Oman LNG and Hitachi Zosen form methanation partnership
Outlook & Strategy

Oman LNG and Hitachi Zosen form methanation partnership

Oman LNG and Japanese engineering and technology company Hitachi Zosen Corporation have concluded a memorandum of understanding (MoU) to cooperate in the field of methanation as part of the carbon recycling, hydrogen, ammonia, and methanation collaboration between the Japanese and Omani governments.

about 2 years ago
BV
Outlook & Strategy

BV: Energy insetting key to providing pathways for ‘earliest possible’ adoption of new fuels

Classification society Bureau Veritas (BV) has unveiled the results of new modeling research which confirmed the potential hefty cumulative impact of operational and technical efficiency measures in keeping shipping within its “carbon budget” to 2050.

about 2 years ago
Tekmar
Outlook & Strategy

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Outlook & Strategy

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

about 2 years ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

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.

about 2 years ago
disruptions
Outlook & Strategy

The ripple effect: How geopolitics and disruptions in key trade routes impact shipping’s decarbonization

Disruptions in two major global maritime trade waterways seem to have diminished efforts to accelerate decarbonization of the shipping industry.

about 2 years ago
POSCO and ADNOC forge clean hydrogen ties
Outlook & Strategy

POSCO and ADNOC forge clean hydrogen ties

South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. According to the agreement, the three parties will jointly propel the

about 2 years ago
HMM Nuri
Outlook & Strategy

Liner majors rally behind WSC’s GHG pricing mechanism

The World Shipping Council (WSC) is proposing a solution to the challenge of crafting a global greenhouse gas pricing regulation that encourages investment in green fuels, as the UN International Maritime Organisation works towards its target of achieving net-zero carbon emissions in the shipping in

about 2 years ago
Opinion: Can wind propulsion weather the approaching perfect storm?
Outlook & Strategy

Opinion: Can wind propulsion weather the approaching perfect storm?

This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in Decemb

13 minutes read