Outlook & Strategy
Cory Group joins forces with Harbour Energy, bp, and ABP in CO2 transport and storage pact
Harbour Energy, bp, and Associated British Ports (ABP) have entered into an exclusive commercial agreement with Cory Group for the transportation and storage of carbon dioxide (CO2) by ship. The collaboration centers around Viking CCS, the Humber-based CO2 transportation and storage network spearhea
Equipment vendors selected for world’s first hydrogen-hybrid research vessel
Naval architecture and marine engineering company Glosten and technology company Siemens Energy have selected clean energy solutions provider Ballard Power Systems and engineering company Chart Industries as primary equipment vendors for their design of what is slated to be the first hydrogen-hybrid
Maersk invests in Blue World, orders methanol fuel cell pilot system
Maersk Growth, the venture arm of A.P. Moller – Maersk, invested 11 million EUR in Blue World Technologies’ pre-C-round alongside the Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. The financing round was announced during COP28 in Dubai where Blue
DNV names head of CCUS unit
DNV has appointed the head of its Carbon Capture, Utilization, and Storage (CCUS) unit as a response to the technology’s growth. DNV announced on December 6 the appointment of Jamie Burrows as head of its Energy Systems business area’s CCUS unit – a move that underscores DNV’s commitment to CCUS as
Orbital Marine to take its shot at Canada’s tidal stream opportunity
Scottish company Orbital Marine Power has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE).
Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030
Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Jo
ADNOC and SOCAR unite for low-carbon solutions, hydrogen in spotlight
UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon solutions, including hydrogen. As part of the SCA, the t
ROV for DEME’s new vessel passes factory acceptance tests
Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal
Europe’s first ammonia-fired power generation facility planned in Ireland
Centrica, a UK-based energy company, and Mitsubishi Power Europe, a power solutions brand of Japan’s Mitsubishi Heavy Industries (MHI), have signed a memorandum of understanding (MoU) to explore the development, construction and operation of Europe’s first-ever ammonia-fired power generation facilit
Höegh Autoliners and Sumitomo Corporation forge alliance on ammonia bunkering in Singapore and Jacksonville ports
Japanese conglomerate Sumitomo Corporation and Norwegian RoRo shipping company Höegh Autoliners have joined forces to explore the adoption of clean ammonia as a bunker fuel for Ro-Ro cargo vessels. The agreement targets ports in Singapore and Jacksonville, USA, with plans set to kick in from 2027. T
TotalEnergies gets onboard CorPower Ocean’s Pilot Access Program
French multi-energy major TotalEnergies has joined CorPower Ocean’s Pilot Access Program to evaluate wave energy technology as one of the solutions for decarbonization.
Floating Power Plant formalizes €26M grant agreement with EU for Seaworthy project
Danish renewable energy developer Floating Power Plant has just signed a €26 million grant agreement with the European Commission’s Innovation Fund for the Seaworthy project, which integrates floating wind, wave energy, and hydrogen production.
Metacon unifies its brand platform to boost market visibility
Helbio, a wholly-owned Greek subsidiary of the Swedish manufacturer of energy systems for green hydrogen production Metacon AB, is changing its name to Metacon S.A., along with integrating the company’s operations into Metacon AB’s IT, branding and financial platform, thus consolidating Metacon as a
WinGD seals four-way partnership for CMB.TECH ammonia engines
Swiss marine power company WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECH’s order of X72DF-A ammonia-fuelled engines. CSSC Qingdao Beihai Shipbuilding (QBS) and engine builder CSSC Engine Co (CSE) have also signed the agreement for the joint undertakin