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Outlook & Strategy

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Mitsubishi links up with Idemitsu for joint study on low-carbon ammonia
Outlook & Strategy

Mitsubishi links up with Idemitsu for joint study on low-carbon ammonia

Japanese companies Idemitsu Kosan and Mitsubishi Corporation have entered into an agreement to jointly study the efficient operation of clean ammonia carriers and transshipment terminals as well as the structuring of a low-carbon ammonia supply chain. In addition to the efficient operation of clean

about 1 year ago
revolution
Outlook & Strategy

The dawn of the Fifth Industrial Revolution in shipping is here

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The shipping industry is currently undergoing a transformation shaped by innovations in naval architecture, green technology and digital technology, all enabling a new industrial revolution, according to Christopher J. Wiernicki, Chairman and CEO of class society ABS.

about 1 year ago
Montreal Port
Outlook & Strategy

Montreal Port Authority makes progress on pathway to carbon neutrality

In a bid to enhance energy efficiency and reduce its carbon footprint as part of broader strategy objectives, Canada’s Montreal Port Authority (MPA) has entered into a strategic partnership with SOFIAC, a local investment fund specializing in decarbonization.

about 1 year ago
Amsterdam and Den Helder ports firm up cooperation to accelerate energy transition
Outlook & Strategy

Amsterdam and Den Helder ports firm up cooperation to accelerate energy transition

Port of Amsterdam and Port of Den Helder have decided to strengthen their cooperation on energy transition, offshore wind, and hydrogen through a new memorandum of understanding (MoU). The Dutch ports signed the MoU on October 23, 2024, to intensify their collaboration in the areas of commerce, oper

about 1 year ago
Ireland
Outlook & Strategy

Ireland, Indiana eye green shipping corridor to cut emissions

A green shipping route and a new container service are envisaged between Ireland and Indiana under a newly signed memorandum of understanding (MOU).

about 1 year ago
A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Outlook & Strategy

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 1 year ago
TGS sees record-high OBN contract activity following merger with PGS
Outlook & Strategy

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 1 year ago
climate change
Outlook & Strategy

Climate change is the first and foremost priority for European ports, report shows

Climate change has maintained its position as the foremost environmental concern for European ports, a new report found.

about 1 year ago
‘Challenging conditions’ prompt Neste to discontinue initial green hydrogen project at Porvoo refinery
Outlook & Strategy

‘Challenging conditions’ prompt Neste to discontinue initial green hydrogen project at Porvoo refinery

Amid “challenging market conditions and financial performance”, Finnish oil refining and marketing company Neste has decided to re-evaluate its plans for renewable hydrogen production and withdraw from investing in a 120 MW electrolyzer at its Porvoo refinery. Originally, Neste’s plan included build

about 1 year ago
TES teams up with Japanese equity fund to scale e-NG production
Outlook & Strategy

TES teams up with Japanese equity fund to scale e-NG production

Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), and Advantage Partners (AP), a Japanese private equity fund, are in discussions to explore potential investments in TES’ e-NG projects.

about 1 year ago
'First-of-its-kind' open-access CO2 storage concept gets €225 million EU support
Outlook & Strategy

‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support

UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu

about 1 year ago
Trafigura forms joint venture company with Spanish oil operator
Outlook & Strategy

Trafigura forms joint venture company with Spanish oil operator

Global commodity trading group Trafigura and oil operator Meroil S.A. have created a joint venture company that includes storage infrastructure for biofuels within the port of Barcelona. Following Trafigura’s acquisition of 50% of the shares in Meroil Tank S.L. from Meroil for an undisclosed sum, Me

about 1 year ago
Ocean Onyx semi-submersible rig; Source: Noble
Outlook & Strategy

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago
Hydrogen, maritime projects among winners of €4.8 billion EU grant
Outlook & Strategy

Hydrogen, maritime projects among winners of €4.8 billion EU grant

The European Commission has selected 85 net-zero projects, including those involving hydrogen and maritime, to receive €4.8 billion in grants from the Innovation Fund.

about 1 year ago