Outlook & Strategy
Pipeline contract awarded for first Dutch CO2 storage project
Allseas has won a contract to construct the subsea pipeline for the Porthos CO2 storage project, the first such project in the Netherlands. The news comes shortly after the final investment decision (FID) was made for the project. Allseas’ work includes installation, burial and commissioning of the
Orbital Marine Power to head multi-turbine tidal energy project
Scotland-based renewable energy company Orbital Marine Power, together with its project partners, has been selected by the European Commission’s Horizon Europe Programme to deliver a multi-turbine tidal energy project EURO-TIDES. EURO-TIDES is the EUROpean Tidal energy pilot farm focused on Industri
James Fisher linked to order for up to 4 dual-fuel LNG tankers in China
UK-based maritime service provider James Fisher has reportedly placed an order for up to four dual-fuel liquefied natural gas (LNG) tankers. The contract includes two firm orders plus options for two additional ships. The vessels will be constructed at China Merchants Jinling Shipyard (Yangzhou), Ch
Ocean Power Technologies gets $1.6 million USV order
Ocean Power Technologies (OPT) has received an order from Sulmara for multiple uncrewed surface vehicles (USVs), representing the largest single order of WAM-Vs to date. The order is valued at $1.6 million. Due to demand, production is already underway and will allow for revenue recognition this fis
ACWA Power eyes green hydrogen corridor between its production sites and Amsterdam port
Saudi developer of green hydrogen projects ACWA Power has signed a memorandum of understanding (MoU) with GasLog, Zenith Energy Terminals, and Port of Amsterdam to explore the viability of developing a green hydrogen export corridor between its global hydrogen production sites and the port of Amster
Huisman unveils new crane series for subsea operations
The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with
Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28
More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi
New H2 pipeline project to strengthen Germany-Algeria energy partnership
The Algerian Minister for Energy and Mining, Mohamed Arkab, and the Parliamentary State Secretary of the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), Stefan Wenzel, have discussed the planned conversion and expansion of the gas pipeline corridor for hydrogen from Alger
CorPower Ocean and SSAB looking into fossil-free steel for wave energy technology
CorPower Ocean has signed an agreement with steel company SSAB to explore the development of one of the world’s first wave energy power plants using fossil-free steel. Under the agreement, SSAB will deliver the fossil-free steel to CorPower Ocean to be used as a structural material to build a wave e
‘Industry’s first’ methanol-powered sustainable shipping fund unveiled
ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk
Silverstream wins AIP from China Classification Society
UK-based maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AIP) with the China Classification Society (CCS). Silverstream said that this is the first agreement of this nature with a classification society. The Approval in Principle signifies that the C
Interview: Winning back investor confidence in wave energy – Mocean Energy’s guide
In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges
Offshore for Sure to uphold innovative renewables’ place in the energy system
Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.
World’s 1st H2-powered tugboat en route to final commissioning preparations
Port of Antwerp-Bruges has informed that on Monday, October 23, 2023, the Hydrotug 1, the world’s first hydrogen-powered tugboat, will make the journey from Oostende to its homeport in Antwerp, Belgium, where the port and shipping and cleantech company CMB.TECH will further prepare the vessel for co