Outlook & Strategy
Hydrogen Energy Association rolls out map of UK hydrogen projects
United Kingdom’s (UK’s) Hydrogen Energy Association (HEA) has launched a free-to-access Hydrogen Projects Map, bringing together hydrogen projects across the value chain in the UK. According to HEA, the map contains more than 70 low-carbon hydrogen production projects that are in operation or advanc
Green ammonia could decarbonize 60% of global shipping by 2050, study reveals
Green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top ten regional fuel ports, a new study shows.
Gasum to buy renewable e-methane from Nordic Ren-Gas for customers in road and maritime transport
Finnish state-owned energy company Gasum has signed an e-methane offtake agreement with Nordic Ren-Gas. The purchased e-methane will be delivered to customers in the road and maritime transport sectors. Under the long-term agreement, Gasum will buy all of the e-methane to be produced by Nordic Ren-G
French-Dutch cooperation targets CCUS
France-headquartered CGG and Dutch C-Questra have signed a commercial cooperation agreement in carbon capture, utilization, and sequestration (CCUS). “The purpose of the cooperation agreement is quite simply to go much faster. CGG contributes human and technological resources, while C-Questra implem
Offshore wind: Both challenges and enormous opportunities lie ahead
The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili
Stolt Tankers joins Science Based Targets initiative
Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, revealed it has committed to developing science-based targets to help achieve net zero in the maritime sector.
Equinor’s H2M Eemshaven project to reform natural gas to hydrogen with CCS
Norwegian energy major Equinor and global industrial gases and engineering company Linde have signed a project development agreement to work as partners on the H2M Eemshaven low-carbon hydrogen project in the Netherlands. Equinor’s H2M Eemshaven project aims to build a production facility in the Eem
Only Barents Sea CO2 exploration license gets new operator
The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN a li
Flex LNG eyes ‘more attractive’ deal for Flex Constellation as current charter comes to an end
LNG shipping company Flex LNG will take redelivery of the 2019-built Flex Constellation as the carrier’s current charterer, a trading house, has decided not to exercise its extension option. Flex Constellation was fixed on a three-year time charter on May 17, 2021, with an option to extend the perio
Denmark launches Green Fuels Alliance India
Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality.
Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
Vitol and GAIL pen long-term LNG supply deal into India
Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximate
Höegh LNG to continue providing FSRU services in Colombia
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031,
Grieg Green invests in maritime lifecycle analysis firm
Norwegian ship recycling expert Grieg Green has acquired a majority stake in ReFlow, a Danish lifecycle analysis provider.