Outlook & Strategy
Solstad’s recently-purchased CSV wins contract with international client
Norway’s Solstad Offshore (SOFF) has secured an 18-month contract with an international client for the construction support vessel (CSV) Normand Tonjer. The contract is starting in April 2024 and it includes a possible two-time 180-day extension. The commercial terms are confidential, but they ali
WoodMac: Carbon intensity regulation to make or break global hydrogen market
The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its color, according to Wood Mackenzie’s (WoodMac’s) Horizons report ‘Over the rainbow: Why understanding full value-chain car
Wood to provide services for several of Inpex’s decarbonization projects
UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting t
CMA CGM’s Mermaid makes a splash
French containership major CMA CGM has welcomed into the fleet CMA CGM Mermaid, the first ship in a series of ten new 2,000 TEU container ships powered by liquefied natural gas (LNG). The fleet has been designed in cooperation with French shipbuilder Chantiers de l’Atlantique and Danish engineering
Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä
Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. According to Siem, the aim is to achi
OX2 and SMHI to study Baltic Sea oxygenation through hydrogen production
OX2 and the Swedish Meteorological and Hydrological Institute (SMHI) have teamed up to examine how by-product from the hydrogen production at OX2’s two offshore energy parks can oxygenate the Baltic Sea. SMHI, together with OX2, has been approved research grant from the Swedish Environmental Protect
Mabanaft secures funding for new methanol solar plant in Australia
Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methan
Reach Subsea ‘very optimistic for years ahead’ as it reports record 2023 numbers
Reach Subsea has reported record-high numbers for the fourth quarter of 2023 and the whole year, with all parameters driven by growth, improved pricing, and strong project execution. Reach Subsea’s revenue for Q4 2023 grew by 45% to NOK 474 million ($44.5 million), whereas EBIT grew by 130% to NOK 7
Germany grants €3.5 billion for green hydrogen import program
Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives. On February 12, H2Global issued a statement saying that BMWK
Wavepiston installs first energy collector on its wave energy system off Canary Islands
Danish company Wavepiston has installed its first full-scale energy collector on its wave energy system offshore the Canary Islands. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the Oceanic Platform of the Canary Islands (P
DeepOcean enters Guyana after securing major contract with ExxonMobil
Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas. Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, an
Aker Solutions backs transformation of Mogstad to low-carbon industry cluster
Norway-based Aker Solutions has been awarded a contract by its compatriot Equinor to carry out a feasibility study for the latter’s Mongstad industrial transformation project in Vestland County on the west coast of Norway. According to Aker Solutions, the study aims to identify solutions to signific
New Nexans cable-layer to sport ABB’s hybrid power system
Norwegian shipyard Ulstein Verft has placed an order with ABB for the delivery of an integrated power and propulsion system for Nexans’ new cable-laying vessel (CLV), currently under construction. The CLV, specially designed by Skipsteknisk, will be able to carry out the transport and lay of various
HAROPA starts work on shore power connections at Le Havre cruise terminal
The construction of electricity supply connections to ships at berth has officially begun at the Le Havre cruise terminal, France. Led by HAROPA PORT, the 5th largest port complex in Northern Europe, the strategic project aims to reduce emissions from cruise activity by electrifying cruise docks. By