Outlook & Strategy
ESB partners up with Simply Blue Group on 5MW wave energy project offshore Ireland
Blue economy developer Simply Blue Group and Ireland’s premier energy company ESB have partnered up to pool expertise and resources to deliver a pioneering 5MW wave energy farm, located close to the Co Clare coast in Ireland.
Report: ExxonMobil selling majority stake in Italy LNG terminal to BlackRock
U.S. energy major ExxonMobil has chosen compatriot investment company BlackRock as the potential buyer for its majority stake in Italy’s Adriatic liquefied natural gas (LNG) import terminal, according to Reuters. Reportedly, the stake sale drew interest from infrastructure funds and international gr
LNG keeps its crown: Alternative fuel orders show LNG still holding strong
In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern
GTT nets technical services contract for CMA CGM LNG-powered ships
French LNG containment specialist GTT has signed a technical services agreement (TSA) with compatriot shipping and logistics major CMA CGM Group. Under the agreement, GTT will provide CMA CGM with maintenance and operation services for 49 ‘biomethane and e-methane ready’ LNG-powered container vessel
ESL’s 2nd hybrid vessel launched in India
Stellamar, the second unit of a series of 12 plug-in hybrid coasters ordered by ESL Shipping’s subsidiary AtoB@C Shipping, hit the water on October 1 at Chowgule Shipyard in India. “I would like to thank all parties involved in this successful project. It is great to be back here at Chowgule Shipyar
Poseidon Principles align with IMO’s raised ambitions
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.
QED Naval presents its ‘tidal town’ vision to Anglesey officials
Scottish company QED Naval has ‘constructive discussions’ with MP of Anglesey Virginia Crosbie, taking the opportunity to outline its plans for the development of 4.5MW tidal energy project off Holy Island, along with associated operations. A strong advocate for decarbonization, Crosbie believes tha
Expro finalizes acquisition of US well intervention firm
UK-headquartered energy services provider Expro has completed the acquisition of Houston-based offshore services provider PRT Offshore, said to enable the company to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America. The acquisition is al
DNV issues feasibility statement for Schottel Marine’s rock anchor concept
Schottel Marine Technologies has secured the statement of feasibility from the classification society DNV for its rock anchor (Swift Anchor) concept for offshore renewables, namely tidal energy and floating wind technologies.
GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage
Poland’s natural gas transmission system operator GAZ-SYSTEM has completed the process of registration of entities interested in participating in the binding open season procedure for Gdańsk FSRU 2. The operator requested the participants registered in the procedure to submit their binding offers to
Everfuel-Hy24 JV all set to work on green hydrogen infrastructure in the Nordics
Everfuel, a Denmark-based green hydrogen company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, have completed the transaction establishing the joint venture (JV) to begin financing the development of electrolyzer capacity across the Nordics. The parties announced the cr
Aker Solutions, Subsea7 and SLB joint venture closes
Subsea7, SLB and Aker Solutions have closed the previously announced joint venture which will operate under the OneSubsea name. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include complementary subsea production and processing technology portfolio, manufacturing scale
FEED work begins on blue hydrogen project on Teesside
Aberdeen-based energy infrastructure company Kellas Midstream has started front-end engineering design (FEED) work on its H2NorthEast hydrogen project in Teesside. H2NorthEast is strategically located at the CATS (Central Area Transmission System) gas terminal on Teesside, an area committed to becom