Outlook & Strategy
Danish Shipping launches new network to drive ESG reporting in maritime
Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.
Boskalis and ROVOP join forces for subsea solutions
ROV services supplier ROVOP and Boskalis Subsea Services, provider of IRM, construction and decommissioning services, have established a long-term global partnership to deliver integrated subsea solutions to the energy industry. According to ROVOP, the partnership provides five diving support vessel
Embracing sustainability: AIDA Cruises embarks on largest to-date fleet modernization program
German cruise line AIDA Cruises, part of Carnival Corporation, has launched AIDA Evolution, the largest fleet modernization program in the company’s history, to make its ships future-proof and more environmentally friendly.
Horisont Energi finalizing corporate restructuring
Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. The corporate restructuring was prop
Prosafe spots rise in tendering activity with more awards anticipated for 2025 and beyond
Oslo Stock Exchange-listed Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond.
EST-Floattech to speed up electrification of shipping with new financial boost
Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry.
Petrobras appoints Technip Energies company for offshore CCS study
Brazilian state-owned oil and gas giant Petrobras has appointed Norwegian Kanfa, a Technip Energies company, to deliver an offshore carbon capture and storage (CCS) study. KANFA said its scope includes the delivery of a significant study for its Canopy Marine, a compact column, amine-based, post-com
Spanish researchers unveil ‘promising solution for offshore solar energy’ based on dual-axis tracker and TLP
Researchers from the Spanish University of Oviedo have developed a new offshore solar energy concept that combines a dual-axis tracking system and a tension leg platform (TLP), deemed as a “promising solution for offshore solar energy”. The novel offshore FPV system named HelioSea leverages the comb
With Labour’s windfall tax plan seen as ‘hammer blow’ to UK’s energy security and decarbonization, concerns over job loss on the rise
The dust has not settled yet over the Labour Party’s proposals to extend the windfall tax on UK oil and gas producers,
Equinor inks 15-year LNG supply deal with India’s Deepak
Norwegian state-owned energy major Equinor and Indian fertilizer and petrochemical company Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026. Equinor’s portfolio, based on LNG fr
Greece’s first FSRU receives commissioning LNG cargo
Greece’s first floating storage regasification unit (FSRU) based LNG import terminal is gearing up for commissioning tests with the arrival of the first LNG cargo. The commissioning cargo to the Alexandroupolis FSRU was delivered on February 18, 2024, onboard GasLog Hong Kong LNG carrier. Once the c
Eidesvik and Agalas shake hands for low-emission Türkiye-built vessel
Eidesvik Offshore and Agalas have entered into an agreement to build a new, low-emission construction support vessel (CSV) that will be equipped to perform inspection, maintenance and repair (IMR) work. The vessel will be owned by an entity to be named Eidesvik Agalas AS, where Eidesvik will be the
French floating solar load modeling specialist gets new owner
French engineering, advisory, and project management services company DORIS has acquired a compatriot company active in the fixed offshore wind, floating offshore wind, and floating solar market. Through acquiring WINDGLAS, DORIS’ scope of service that is to be offered to the offshore wind industry
Nexans outperforms 2023 target, makes considerable progress on sustainability agenda
In the year in which it saw “considerable progress” on its sustainability agenda, Nexans has reported a “historic high” adjusted EBITDA of €665 million for the 2023 financial year, a +8.2% increase year-on-year, outperforming the target. Nexans’ EBITDA including share-based payment expenses amounted