Outlook & Strategy
DeepOcean and Aker BP make ‘pioneer’ USV agreement
Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have entered into an agreement to “pioneer” the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work. According to DeepOcean, the USV solution can reduce CO2 emissions w
Marinakis proposes Capital Product Partners’ pivot to LNG carrier sector
Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec
CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal
After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced a breakthrough agreement with Frontline and its affiliated company Famatown Finance Limited that paves the way for resolving the ongoing deadlock within Belgian tanker major Euronav. CMB, along with i
Push for CCU and CCS inclusion in EU Net Zero Industry Act gains momentum
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
DNV clears Oceans of Energy’s offshore solar design for North Sea conditions
DNV, the independent energy expert and assurance provider, has issued a statement of conformity to Dutch floating solar company Oceans of Energy for its offshore solar solution, which clears it for deployment in rough sea conditions like those in the North Sea.
Frontline’s exit clears path for CMB’s bold decarbonization agenda for Euronav with ammonia and hydrogen at the helm
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB
Reach Subsea buys Australian survey company as part of global expansion plans
Norway’s Reach Subsea has entered into an agreement to acquire Australian marine survey company Guardian Geomatics as part of its global expansion agenda. Guardian Geomatics, established in February 2018, offers marine survey solutions to the oil & gas industry and government sector clients, which i
Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest
Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac
MAMII picks two methane measurement firms to carry out pilot studies
Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in
In focus: Is natural gas crucial element of energy transition?
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi
Construction begins on first subsea interconnector between Spain and France
Spanish transmission system operator (TSO) Red Eléctrica is about to begin the construction of the first submarine interconnector between Spain and France. The Biscay Gulf interconnector will comprise two high-voltage direct current (HVDC) links, each with a capacity of 1,000 MW, linking Gatika in S
Siemens Energy delivers grid transformers for Ireland-Wales interconnector
Siemens Energy has delivered four grid transformers for the 500 MW Greenlink subsea and underground electricity interconnector that will link Ireland and Wales. The four 160-ton grid transformers were transported by sea from Nuremberg, Germany, to Belview Port Waterford in Ireland in order to avoid
Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?
This is a guest article by Anne Haase, Renewables Director at Aquaterra Energy. Europe is currently driving plans forward to significantly decarbonise industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonisation strategy, with infrastructure projects being d
Tocardo concludes 8-year demonstration of Eastern Scheldt tidal energy array
Tocardo, a joint venture of QED Naval and HydroWing, has completed the demonstration of 1.25MW five-turbine tidal energy array in the Netherlands after eight years of operation.