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Outlook & Strategy

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Mawani and MEDLOG
Outlook & Strategy

Mawani, MSC’s MEDLOG join forces on $40 million logistics park in Saudi Arabia

The Saudi Ports Authority (Mawani) and MEDLOG, the logistics arm of the Swiss Mediterranean Shipping Company (MSC), have signed an agreement to establish the first-ever integrated logistics park and re-export zone at Dammam’s King Abdulaziz Port in Saudi Arabia.

about 2 years ago
Illustration; Source: Shell
Outlook & Strategy

QatarEnergy scores five-year crude supply deal with Shell

Qatar’s state-owned oil and gas company QatarEnergy has entered into a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). Commencing in January 2024, the deal encompasses the supply of up to 18 million barrels annually of Qatar Land and Qatar Ma

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about 2 years ago
Hydrogen production to increase to 110 Mt per year by 2030, study says
Outlook & Strategy

Hydrogen production to increase to 110 Mt per year by 2030, study says

By 2030, global hydrogen production will increase to 110 million metric tons (Mt) per year, and probably to 240 Mt by 2040, according to a study, ‘The Roaring ’30s – A clean hydrogen acceleration story,’ by the German-based management consultancy Roland Berger. The study revealed that global hydroge

about 2 years ago
Port
Outlook & Strategy

Navigating the new normal: Vessel rerouting spurs higher emissions as ships avoid the Red Sea

In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin

about 2 years ago
methanol bunkering Singapore
Outlook & Strategy

Meeting IMO’s 2030 targets not out of grasp?

Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer

about 2 years ago
ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt
Outlook & Strategy

ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, wit

about 2 years ago
ADNOC scores first long-term LNG deal from low-carbon Ruwais project
Outlook & Strategy

ADNOC scores first long-term LNG deal from low-carbon Ruwais project

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with ENN LNG, a wholly-owned subsidiary of ENN Natural Gas, for the delivery of at least 1 million metric tons per annum (mmtpa) of LNG primarily sourced from its low-carbon Ruwais LNG project, currently under dev

about 2 years ago
ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia
Outlook & Strategy

ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia

Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par

about 2 years ago
TAQA eyes joining Greece-Cyprus interconnector
Outlook & Strategy

TAQA eyes joining 900-kilometer European interconnector

Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor

about 2 years ago
MSC Mariella
Outlook & Strategy

Maersk, MSC and other liner majors suspend Red Sea runs amid escalating attacks

Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community

about 2 years ago
Maersk
Outlook & Strategy

Red Sea attacks on liner majors’ vessels highlight crucial link between world peace and just energy transition

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. The global efforts to achieve decarbonization targets bolstered by nearly 200 countries that vowed to phase out fossil fuels at the COP28 climate summit in Dubai earlier this week

about 2 years ago
Hydrom paves the way for Oman’s green hydrogen growth
Outlook & Strategy

Hydrom paves the way for Oman’s green hydrogen growth

Hydrom, a central and independent entity orchestrating Oman’s national interest in green hydrogen, has signed multiple memorandums of understanding (MoUs) as part of its strategy to propel Oman’s energy transition and green hydrogen growth. During the first day of the Green Hydrogen Summit Oman (GHS

about 2 years ago
COP28 UAE
Outlook & Strategy

COP28’s ‘historic package’: Writing on the wall that spells end of fossil fuel era or new opportunity for gas and LNG players?

A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.

15 minutes read
Masdar-AD Ports collab seeks to develop green hydrogen hub in KEZAD
Outlook & Strategy

Masdar-AD Ports collab seeks to develop green hydrogen hub in KEZAD

UAE-based port operator AD Ports Group and compatriot clean energy company Masdar have signed a memorandum of understanding (MoU) to jointly explore the development of a green hydrogen production hub within the Khalifa Economic Zones Abu Dhabi (KEZAD). The MoU, signed on the sidelines of the UN Clim

about 2 years ago