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Outlook & Strategy

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UK government backs EMEC's growth with £3 million
Outlook & Strategy

UK government backs EMEC’s growth with £3 million

The UK Government is set to award a new £4.6 million support package for the UK’s islands, £3 million of which will be awarded to the Orkney-based European Marine Energy Centre (EMEC) over two years. The funding boost will support EMEC’s growth plans, further helping the center deliver the UK’s net

about 2 years ago
New DNV standard for hybrid TCPs targets improved reliability of deepwater projects
Outlook & Strategy

New DNV standard for hybrid TCPs targets improved reliability of deepwater projects

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Independent energy expert and assurance provider DNV has released its latest standard for hybrid thermoplastic composite flexible pipes (TCPs) intending to facilitate the integration of innovative technologies, such as carbon fiber armor, into flexible riser designs. DNV’s latest standard, DNV-ST-F2

about 2 years ago
Australian electrolyzer firm raises $111 million in Series B investment round led by BP
Outlook & Strategy

Australian electrolyzer firm raises $111 million in Series B investment round led by BP

In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.

about 2 years ago
New renewable hydrogen facility in Brazil receives $30 million boost
Outlook & Strategy

New renewable hydrogen facility in Brazil receives $30 million boost

Green Energy Park (GEP) Global has signed a definitive agreement for $30 million Series-A funding and obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil, marking a milestone on its journey to build a large hydrogen and hydrogen derivatives production plant

about 2 years ago
Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
Outlook & Strategy

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago
Illustration; Source: Ocean Edge Services
Outlook & Strategy

US player and local firm link up to hang out their shingle in Guyana as oil discoveries boost economy

Ocean Edge Services and Atlantic Marine Supplies have formed a new joint venture and corporation in Guyana, Ocean Edge Services (Guyana) Inc.

about 2 years ago
Fratelli Cosulich adds new methanol and biofuel bunker barge to its fleet
Outlook & Strategy

Fratelli Cosulich adds new methanol and biofuel bunker barge to its fleet

Fratelli Cosulich has taken delivery of the newbuild chemical bunker barge equipped to carry methanol and biofuels up to B100.

about 2 years ago
Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more
Outlook & Strategy

Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more

Norwegian shipping group Island Offshore has awarded compatriot shipbuilder VARD with a contract to design and construct one hybrid power ocean energy construction vessel (OECV) and has also agreed on an option for two more vessels. In 2020-2021, Island Offshore, whose 19-vessel fleet operates in th

about 2 years ago
Researchers to work on mega-scale liquid hydrogen storage systems
Outlook & Strategy

Researchers to work on mega-scale liquid hydrogen storage systems

A team of University of Melbourne researchers will work with Australian and international industry partners to develop mega-scale liquid hydrogen storage systems and infrastructure for energy export terminals and vessels.

about 2 years ago
Unity platform (for illustration purposes); Source: INEOS
Outlook & Strategy

INEOS makes headway on its 2030 decarbonization targets with 22% GHG emission cuts

London-based INEOS has published its 2023 global sustainability report which highlights a 22% reduction in GHG emissions compared to 2019.

about 2 years ago
PosHYdon green hydrogen pilot initiates onshore testing
Outlook & Strategy

PosHYdon green hydrogen pilot initiates onshore testing

The PosHYdon offshore green hydrogen project is progressing as planned with the commencement of the onshore test at InVesta in Alkmaar.

about 2 years ago
Petrobras gives $1.8 billion worth of contracts for six Sapura vessels
Outlook & Strategy

Petrobras gives $1.8 billion worth of contracts for six Sapura vessels

Malaysia’s Sapura Energy has secured $1.8 billion worth of contracts with Brazilian state-owned oil and gas giant Petrobras for six multi-purpose pipe-laying support vessels (PLSVs). Sapura Energy’s joint venture entities Seabras Sapura Holding and Seabras Sapura Participacoes have been awarded the

about 2 years ago
Boskalis expands range of 2023-commissioned vessel with new fallpipe (Gallery)
Outlook & Strategy

Boskalis expands range of 2023-commissioned vessel with new fallpipe (Photos)

Dutch offshore services provider Boskalis has outfitted its new subsea rock installation vessel with a new inclined fallpipe with the aim of expanding its range. Following its first rock installation project in Australia earlier this year, the Seapiper subsea rock installation vessel was outfitted w

about 2 years ago
James Fisher and Sons bags its first tidal energy project
Outlook & Strategy

James Fisher and Sons bags its first tidal energy project

James Fisher and Sons has secured what it says is its first tidal energy project as part of which it will manage high-voltage equipment and cables at Menter Môn’s Morlais tidal energy substations in the UK. James Fisher and Sons will manage, repair and maintain high-voltage equipment and cables at t

about 2 years ago