Outlook & Strategy
Centrica concludes LNG supply deal with Repsol
UK’s Centrica Energy and Spain’s Repsol have signed an LNG supply deal that will see Centrica purchase 1 million tons of LNG shipments between 2025 and 2027. According to Centrica, all of the cargos are expected to be delivered to the Grain LNG import terminal, which is expected to soon have enough
UK’s Freeport East and Australia’s Rux Energy sign hydrogen pact
Freeport East, one of twelve Freeports established in the UK, and Australian green hydrogen storage company Rux Energy have signed a collaboration agreement to achieve the safe storage, distribution, and supply of low-carbon hydrogen within the UK and exporting green hydrogen across the world. The a
Sulmara and Asso.subsea shake hands for multi-year collaboration
Scottish subsea surveys and inspections provider Sulmara and Greek Asso.subsea have signed a master service agreement to collaborate on cable installation operations globally.As part of the multi-year collaboration, Sulmara will support Asso.subsea during cable installation operations and will provi
Carnival inches close to its 2030 emission reduction targets
The world’s largest cruise company Carnival Corporation & plc is on track to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 compared to 2019. The achievement is just a few points shy of its 20% reduction goal originally targeted fo
New industry-academia collab wants to reduce cost of green hydrogen production
Spanish materials technology company Matteco has partnered with Siemens Energy and Horiba, as well as the Institute of Molecular Sciences (ICMol) of the University of Valencia, and the Helmholtz Institute Erlangen-Nuremberg for Renewable Energies (HI ERN) to develop a sustainable, efficient, and sca
New UK-Belgian joint venture buys 25-year-old cable-layer
UK’s Enshore Subsea and Belgian Herbosch-Kiere have partnered to purchase a 25-year-old cable-laying vessel (CLV) in a newly created joint venture. Herbosch-Kiere and Enshore Subsea have purchased the 1999-built, 88-meter-long Topaz Installer vessel, set to be renamed CMOS Installer. The vessel is m
CoolCo seals new 12-month LNG carrier charter deal
Cool Company (CoolCo), an owner, operator, and manager of LNG carriers, has secured a new time charter agreement with Santos Shipping Singapore for one of its TFDE vessels that will undergo LNGe upgrades to reduce emissions. The 12-month charter agreement is scheduled to commence in the first quarte
Viking Line, Ports of Stockholm and Turku eye carbon-neutral corridor by 2035
Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal
K Line to manage Northern Lights’ 3rd LCO2 carrier
Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery
Green light for Italy’s €1.3 billion, 1 GW submarine power line
Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de
Vår Energi awards Norwegian firm with long-term well control contract
Norwegian energy services company AGR has secured a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf (NCS). Under the framework agreement, AGR is set to provide services within blowout conti
Quadrise readies for MSAR and bioMSAR fuel trials, eyes commercial supply
UK-headquartered Quadrise has signed a collaboration agreement with renewable biofuels supplier Cargill NV and MAC2 Solutions, part of Group Machiels, concerning the production of MSAR and bioMSAR fuels for its forthcoming marine vessel trials. Upon completion of trials, Quadrise aims to commence co
Shearwater GeoServices goes to India
India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel
IMO’s decarbonization focus tested amid escalating Red Sea tensions
Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime