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Outlook & Strategy

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Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Outlook & Strategy

UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’

A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida

about 2 years ago
NKT begins expansion of Danish power cable production
Outlook & Strategy

NKT begins expansion of Danish power cable factory

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Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c

about 2 years ago
Yinson and Provaris to work on CO2 storage and marine transport solutions
Outlook & Strategy

Yinson and Provaris to work on CO2 storage and marine transport solutions

Australian company Provaris Energy has teamed up with Yinson Production, an independent owner and operator of floating, production, storage, and offloading (FPSO) vessels, to assess the viability of adapting Provaris’ proprietary tank design for compressed hydrogen to develop alternatives for bulk-s

about 2 years ago
NGO
Outlook & Strategy

New ship recycling project launched in Pakistan

A new project, aimed at enhancing safety and environmental responsibility in the ship recycling industry, while upholding global labor rights standards, has been launched in Pakistan.

about 2 years ago
New Norwegian partnership set up to digitalize North Sea oil & gas area
Outlook & Strategy

New Norwegian partnership set up to digitalize North Sea oil & gas area

Norwegian oil and gas player Aker BP and compatriot energy data and intelligence company TGS have expanded their ongoing cooperation with a strategic partnership aimed at digitalizing the Yggdrasil area in the North Sea. As part of the new agreement, Aker BP will integrate TGS’ Prediktor Data Gatewa

about 2 years ago
Marubeni and Solvang start joint operation of ammonia carrier
Outlook & Strategy

Marubeni and Solvang start joint operation of ammonia carrier

Japanese conglomerate Marubeni Corporation has signed a partnership agreement with Norwegian shipping company Solvang to start the joint operation of an ammonia carrier as it steps up efforts to contribute to the global low-carbon ammonia value chain. Under the partnership agreement, Marubeni and So

about 2 years ago
Aerial view of an LNG complex
Outlook & Strategy

East Asian partners’ LNG cooperation passing 50-year mark thanks to new deals

Japan’s Mitsubishi Corporation has signed new agreements with Malaysia’s state-owned energy giant Petronas, reaffirming its engagement in two of Malaysia’s liquefied natural gas (MLNG) plants owned by the latter in the country’s Sarawak region. The Japanese player is set to extend its 10% interest i

about 2 years ago
PGS head to take over as CEO of Geoquip Marine from 2025
Outlook & Strategy

PGS head to take over as CEO of Geoquip Marine from 2025

Rune Olav Pedersen, the current CEO of Norway-headquartered seismic company PGS, has been appointed as CEO of Geoquip Marine, a provider of geotechnical services to the offshore energy sector, effective from January 1, 2025. Pedersen, who will be based at Geoquip’s headquarters in Switzerland, takes

about 2 years ago
developing
Outlook & Strategy

Ports in developing countries need up to $83M in investments for ‘fair and equitable’ energy transition

Significant investments in ports’ decarbonization infrastructure are needed in developing countries to ensure a fair and equitable energy transition, a new report found.

about 2 years ago
French firm expands its work scope for one of the world’s largest deepwater fields
Outlook & Strategy

Petrobras yet again taps French tubular solutions provider for Brazil’s deepwater fields

France’s tubular solutions provider Vallourec has signed what is described to be a “significant” contract with Brazil’s state-owned energy giant Petrobras for the supply of oil country tubular goods (OCTG) and accessories for the development of Sepia 2 and Atapu 2 projects in the Santos Basin offsho

about 2 years ago
Two men on the right-hand side sitting across the table from two women and two men on the left-hand side
Outlook & Strategy

South American neighbors make hydrocarbon collaboration official

Brazilian state-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Suriname’s national oil company Staatsolie Maatschappij Suriname (Staatsolie) to step up their cooperation in various aspects of the energy arena.

about 2 years ago
Hamburg and Singapore ports bolster maritime decarbonization ties
Outlook & Strategy

Hamburg and Singapore ports bolster maritime decarbonization ties

Germany’s Hamburg Port Authority (HPA) and the Maritime and Port Authority of Singapore (MPA) have taken the next step in their partnership by signing a letter of intent (Loi) to work on accelerating maritime decarbonization, digitalization, and cybersecurity. The agreement, signed in the presence o

about 2 years ago
UK’s 'biggest ever' electricity transmission project enters construction
Outlook & Strategy

UK’s ‘biggest ever’ electricity transmission project enters construction

Construction has officially started on what is said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country, named Eastern Green Link 2 (EGL2). The £4.3 billion, 525kV, 2 GW HVDC subsea transmission cable will link Peterhea

about 2 years ago
ports
Outlook & Strategy

Hamburg, Busan and Ulsan ports team up on clean fuels on path to greener maritime future

Germany’s Hamburg Port Authority (HPA) has signed a joint declaration of intent with the South Korean Busan Port Authority (BPA) and Ulsan Port Authority (UPA) to collaborate on the decarbonization of maritime transport in the future.

about 2 years ago