Outlook & Strategy
Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply
Norwegian clean energy company Horisont Energi has signed a Letter of Intent (LoI) with its compatriot Barents NaturGass for a long-term purchase agreement of up to 100,000 tons annually of clean ammonia from Horisont Energi’s and Fertiberia’s Barents Blue plant. Under the LoI, the two companies wil
Manisa orders up to 8 cargo ships from CSSC Guangxi Shipbuilding
Italian shipping company Manisa Chartering has entered into a contract with China State Shipbuilding Corporation’s Guangxi Shipbuilding and Offshore Engineering for the construction of up to eight 8,500-ton general cargo ships. This deal represents the most significant export order for shipbuilding
WATCH: Airseas reveals 16% fuel and emissions cuts in automated dynamic flight
Wind propulsion specialist Airseas announced that its latest sea trials have revealed projected fuel and emissions reductions of 16% based on a normalized transatlantic voyage. The projections are based on traction data collected during the validation of automated dynamic flights of the Seawing, whe
APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.
In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:
New code of practice aims to slash subsea cable failures
The International Marine Contractors Association (IMCA) has issued a new Code of Practice with the aim of improving subsea power cable installation in offshore wind by preventing cable failure and thus enabling savings for the offshore wind industry. The Code of Practice for Offshore Cable Laying in
Lloyd’s Register to class North Star’s two VARD-built methanol-ready CSOVs
Lloyd’s Register (LR), the UK’s classification society, has been awarded a contract to class two methanol-ready commissioning service operations vessels (CSOVs) being built by VARD, a global designer and shipbuilder of specialized vessels, for North Star, the UK’s offshore infrastructure support ves
First Dutch large-scale CCS project to sport MAN technology
Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte
TotalEnergies commissions LNG FSRU in Le Havre
France-headquartered energy major TotalEnergies has announced the commissioning of the Cape Ann, the floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The company informed that the terminal injected its first megawatt-hours (MWh) of gas
Northern Lights CEO: We are making CCS viable
The carbon capture and storage (CCS) business has been facing strong headwinds on its journey to becoming a feasible lever for hard-to-abate sectors to decarbonize. The role of carbon capture is increasingly gaining prominence as governments come to realize that renewable energy alone cannot provide
Yara and Navigator secure stake in ammonia bunkering startup Azane
Yara Growth Ventures, the venture investment arm of Norwegian Yara International, and UK-headquartered Navigator Holdings have each acquired a 14.5% interest in the Norwegian ammonia bunkering startup Azane Fuel Solutions. The companies led an investment round of €5.4 million in Azane to commence co
Vår Energi and Equinor agree on gas export solution offshore Norway
Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8
Louis Dreyfus Armateurs to build three wind-assisted RoRos for Airbus
European aerospace giant Airbus has selected French maritime firm Louis Dreyfus Armateurs (LDA) to renew its fleet of chartered vessels with three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. Airbus has commissioned LDA to build, own, and operate these new vessels th
EU reaffirms CCS crucial to achieving climate targets
The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
Fluxys, OQGN to work on hydrogen and CO2 infrastructure projects in Oman
Belgium’s energy infrastructure company Fluxys and Omani state-owned transmission system operator OQ Gas Networks (OQGN) have signed a memorandum of understanding (MoU) to jointly explore strategic cooperation in the development of hydrogen and CO2 infrastructure projects in Oman. The signing took p