Outlook & Strategy
Sabella goes into receivership
French tidal energy company Sabella has been placed in a receivership following several months of dealing with financial difficulties.
JR Shipping marks 10th Filtree installation in carbon capture milestone
Dutch shipping company JR Shipping has reached a significant milestone by installing the 10th Filtree Carbon Capture system on its fleet. The installation was carried out on board the 750 TEU MV Enforcer vessel in cooperation with Spanish shipbuilder Astilleros de Santander S.A.U. The Dutch-flagged
New companies to be created as part of Solstad refinancing
Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to
Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland
Energy company Eesti Gaas, also known as Elenger, has announced it will bring an additional LNG cargo from the United States (U.S.) to the Inkoo terminal, Finland, in the second half of November 2023 to cover the country’s gas consumption. Margus Kaasik, Chairman of the Management Board of Eesti Gaa
Netherlands overshoots 2023 offshore wind target
The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and
Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security
Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage
WES boosts 5 projects to design new class of wave energy converters
Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.
MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal
Energy major Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell to provide marine fuels for the line’s newbuild. Pierfrancesco Vago, MSC Cruises’ Execut
Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit
Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by
Maersk seals world’s 1st methanol dual-fuel conversion project with Chinese shipbuilder
Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will
Maersk adds Swiss renewable methanol producer to its low-carbon fuel portfolio
Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using
The Insight Partners: Green hydrogen market to grow to $88 billion by 2030
According to the “Green hydrogen market forecast to 2030 – COVID-19 impact and global analysis – technology (alkaline electrolysis and PEM electrolysis), renewable source (wind energy, solar energy and others), end-use industry (chemical, power, food & beverages, medical, petrochemicals and others)