Outlook & Strategy
Conoship and Bouman join forces on ship-based carbon capture joint venture
EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help
Scottish high-voltage cable factory plan approved
Japan-headquartered Sumitomo Electric Industries has received approval for its plans to establish a power cable factory in Scotland. The Highland Council’s north planning applications committee approved the planning permission for the new high-voltage cable factory near Inverness last week. The deve
Flying Tiger Copenhagen teams up with Maersk on transporting goods using green fuels
Danish container shipping major A.P. Moller – Maersk has announced that compatriot retail company Flying Tiger Copenhagen will join its roster of customers utilizing the ECO Delivery solution for ocean freight transport, beginning in 2024. The strategic move aims to significantly curb Flying Tiger C
Toyota’s growth fund invests in Corvus Energy to boost hydrogen fuel cell development
Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and
Lhyfe partners with Source Galileo for green hydrogen production in UK and Ireland
French green hydrogen producer Lhyfe and UK renewable energy developer Source Galileo have entered into a joint agreement to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland. To this end, the companies signed a memorandum of understanding (MoU), aiming to
Ofgem CEO: Burgeoning hydrogen and CCS industry in Teesside and Humber to yield tens of thousands of jobs
Tens of thousands of new-generation clean jobs need to be created to support burgeoning hydrogen production and the carbon capture and storage (CCS) industry in the UK’s Teesside and Humberside regions, according to Jonathan Brearley, CEO of UK energy market regulator Ofgem. Following visits to CCS
Fugro’s PSV becomes geotechnical survey vessel at Ulstein Verft
Ulstein Verft has completed the conversion of a 2015-built platform supply vessel (PSV) into a geotechnical survey vessel for Fugro, representing one out of two vessel transformation tasks it has on its to-do list. Ulstein Verft finished the conversion of the Fugro Resilience at the end of 2023, on
Mitsubishi HC Capital to acquire 20% stake in European Energy
Denmark’s European Energy and Japan’s Mitsubishi HC Capital have entered into an agreement in which Mitsubishi will acquire a 20% stake in European Energy. Specifically, Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase ar
Northern Lights breaks new ground: First-of-their-kind LCO2 carriers fitted with cargo tanks
In a pioneering feat of engineering, Northern Lights, a joint venture company of energy giants Shell, Equinor, and TotalEnergies, shared a new milestone in the construction of the company’s liquefied CO2 (LCO2) carriers. Namely, the company’s first two vessels have been installed with custom-built 7
Samsung C&T orders €5 million electrolyser equipment from Nel
Nel Hydrogen Electrolyser, a subsidiary of Nel ASA, has signed a contract for 10 MW of alkaline electrolyser equipment for about €5 million with Samsung C&T Corporation Engineering & Construction Group for the latter’s first off-grid green hydrogen production project to be deployed in South Korea. N
HD Hyundai Heavy, NAPA and CADMATIC team up on ‘digital shipyard’
South Korea’s HD Hyundai Heavy Industries, the world’s largest shipyard, has announced a joint development project (JDP) with Finnish maritime software companies NAPA and CADMATIC to accelerate the digital transformation of the shipbuilding industry.
Malta greenlights second interconnector to Italy
The second Malta to Italy interconnector has reached a major milestone with the approval of the development permit by the Maltese Planning Authority. The IC2 interconnector will consist of a new ~118-kilometer-long 225 MW HVAC electrical cable interconnection through a submarine cable operating at 2
Delta and Ceres enter hydrogen energy technology collaboration
Taiwan-based electronics manufacturing company Delta Electronics has signed a long-term collaboration agreement, which includes technology transfer and licensing, with Ceres Power Limited, a subsidiary of UK-based developer of clean energy technology Ceres Power Holdings, to access Ceres’ hydrogen e
Partnership with Maersk will help Hapag double down on its sustainability targets, Jansen says
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Yesterday, container shipping heavyweights Hapag-Lloyd and Maersk made waves in the liner shipping industry after revealing a groundbreaking operational cooperation deal, leading