Outlook & Strategy
Survey wraps up at TotalEnergies’ CO2 storage license
Shearwater GeoServices has completed a carbon storage survey project in the Danish North Sea for French energy giant TotalEnergies. The survey covers a CO2 geological storage license awarded to TotalEnergies earlier this year. To remind, the Danish Ministry of Climate, Energy and Supply announced on
Bunkering ammonia not so dangerous after all?
Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the spotlight as the maritime industry explores ammonia as a potential green fuel. Despite ammonia’s well-known toxicity, it has been successfully transported as cargo on LPG ships in recent years. Now,
KBR nets blue hydrogen tech and FEED contract for EET Hydrogen HPP2 unit
U.S. engineering company KBR has been awarded a blue hydrogen process technology and front-end engineering design (FEED) contract by Essar Group’s EET Hydrogen, formerly Vertex Hydrogen, for its planned HPP2 low-carbon hydrogen facility at HyNet, the UK’s industrial decarbonization project. Under th
IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition
The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.
UK and Germany forge hydrogen partnership
UK and Germany have signed a Joint Declaration of Intent to collaborate on the development of an international hydrogen industry. The new agreement was signed on September 26, 2023, at the UK Embassy in Berlin, by Minister for Energy Efficiency and Green Finance Lord Callan and Federal Republic of G
New strategic alliance sets eyes on transforming subsea and OBN markets
Norway’s Argeo and Shearwater GeoServices have entered a strategic alliance with the aim of innovating and pioneering new technology and products across the subsea and ocean bottom node (OBN) markets. The collaboration aims to drive innovation across all relevant sectors and markets, including the d
Fincantieri lands EUR 800 mln sustainability-linked loan
Italian shipbuilding giant Fincantieri has secured a substantial €800 million (USD 845 million) medium/long-term sustainability-linked loan. The loan, which spans five years, with a pre-amortization period of three years, will support Fincantieri’s organic growth and burgeoning workload. As informed
Jiangnan orders GTT tank designs for two LNGCs
French LNG containment specialist GTT has received an order from China’s Jiangnan Shipyard for the tank design of two new liquefied natural gas carriers (LNGCs), on behalf of Shandong Marine Energy (Singapore). The delivery of the vessels is scheduled between the first and second quarters of 2027. G
Unboxing the ammonia-powered 15,000 TEU boxship: Seatrade and Foreship reveal key design features
Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety concepts, according to the insights from a concept design study carried out by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, in partnership with Seaspan, ABS, and Foresh
Minesto’s Dragon gets its wings ahead of take off
Swedish ocean energy developer Minesto has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port in Sweden.
Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows
While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted
Plagazi to provide hydrogen for Gotlandsbolaget fleet
Sweden’s Plagazi has announced a project with compatriot Gotlandsbolaget for the supply of hydrogen for the next-generation ’Gotland Horizon’ fleet. The plan is for Gotlandsbolaget’s next-generation hydrogen-powered maritime transport vessels to utilize Plagazi’s hydrogen as fuel and enable Gotlands
Reliability of subsea cables paramount to energy transition success, GUH says
Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH