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Outlook & Strategy

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Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws
Outlook & Strategy

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 2 years ago
Fulmar platform in UK waters; Source: Repsol
Outlook & Strategy
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Baker Hughes and Repsol enhancing oil & gas production with AI-powered solutions

Baker Hughes has pooled resources with Spain’s Repsol to bring new artificial intelligence (AI) processes and workflows into play to unlock further improvements in the oil and gas production arena.

about 2 years ago
global bulker fleet
Outlook & Strategy

Global bulker fleet ‘slows down’ in response to decarbonization regulations, new research says

Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana

about 2 years ago
New EU-funded project launched to replace fossil fuels in maritime transport
Outlook & Strategy

New EU-funded project launched to replace fossil fuels in maritime transport

A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra

about 2 years ago
MEO Group and Taihan MoU
Outlook & Strategy

MEO Group and Taihan Cable & Solution sign offshore wind MoU

Myclin Express Offshore (MEO Group) and South Korea’s Taihan Cable & Solution have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects. Together, MEO Group and Taihan plan to foster collaboration on offshore wind projects, especially in South Korea, with the deploymen

about 2 years ago
Lhyfe and Elyse Energy’s e-methanol project in France gaining ground
Outlook & Strategy

Lhyfe and Elyse Energy’s e-methanol project in France gaining ground

The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.

about 2 years ago
A large vessel with LNG written on the side near the shore with four plants
Outlook & Strategy

Singaporean-Korean pair shakes hands on joint LNG procurement

Singapore’s Energy Market Authority (EMA) and Korea Gas Corporation (KOGAS) have penned a memorandum of understanding (MoU) to expand their cooperation in the liquefied natural gas (LNG) arena.

about 2 years ago
Largest US CO2 offshore storage site comes into ExxonMobil's hands
Outlook & Strategy

Largest US CO2 offshore storage site comes into ExxonMobil’s hands

U.S. energy giant ExxonMobil has secured access to over 271,000 acres of offshore CO2 storage in Texas state waters, said to be the largest of its kind in the U.S., through a lease with the Texas General Land Office (GLO). This is said to add significant storage potential to ExxonMobil’s carbon capt

about 2 years ago
K Line and partners to evaluate CCS opportunities in Alaska
Outlook & Strategy

K Line and partners to evaluate CCS opportunities in Alaska

Japanese companies Sumitomo Corporation and Kawasaki Kisen Kaisha (K Line) have signed a joint study agreement with the U.S.-based oil and natural gas producer Hilcorp to explore carbon capture and storage (CCS) opportunities in Alaska. Under the agreement, the three companies will conduct a feasibi

about 2 years ago
ABS to establish and maintain US Center for Maritime Innovation
Outlook & Strategy

ABS to establish and maintain US Center for Maritime Innovation

The United States Maritime Administration’s (MARAD) Office of Environment and Innovation has selected ABS to establish and maintain the U.S. Center for Maritime Innovation under a five-year cooperative agreement.

about 2 years ago
New study pinpoints opportunities and challenges of OCCS to decarbonize shipping
Outlook & Strategy

New study pinpoints opportunities and challenges of OCCS to decarbonize shipping

The onboard carbon capture and storage (OCCS) technology has the potential to help maritime transport significantly reduce its greenhouse gas emissions; however, many challenges still need to be addressed, a new study has shown.

about 2 years ago
Source: North Sea Transition Authority (NSTA)
Outlook & Strategy

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 2 years ago
Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE
Outlook & Strategy

Proteus Marine Renewables taps into govt-backed Alaska’s tidal power project

UK-based tidal energy company Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE) funding to evaluate Ocean Renewable Energy’s (ORPC’s) Cook Inlet sit

about 2 years ago
ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
Outlook & Strategy

Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas

A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem

about 2 years ago