Outlook & Strategy
G20 leaders agree to expedite efforts to triple global renewable energy by 2030
G20 leaders have decided to accelerate efforts to triple total renewable energy capacity and underscore the global need for over $4 trillion of annual investments until 2030, endorsing recommendations from the International Renewable Energy Agency (IRENA) for global renewable energy adoption. In a d
Bureau Veritas launches renewable ammonia certification scheme
Classification society Bureau Veritas (BV) has set up a renewable ammonia scheme, expected to assure safe, sustainable ammonia production from renewable energy. Ammonia has been produced and used for decades, but currently, natural gas is used as the main source in its production. According to BV, u
Grieg Maritime lifts option for two more ammonia-ready open hatch bulkers
Norwegian shipowner Grieg Maritime Group has exercised options for two additional ammonia-ready open hatch bulk carriers taking the total to four ships. The option was part of the contract signed in May this year with CSSC Huangpu Wenchong Longxue in China which included two firm plus two optional 8
MOR Energy and Magallanes Renovables applaud UK’s tidal energy boost
“It’s official, the tidal stream energy market has taken off with 11 companies awarded the contracts for difference,” said Mor Energy, a QED Naval subsidiary company, which has been supported in the latest UK renewables auction round along with Spanish-based Magallanes Renovables which also welcomed
UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping
A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the
FSRU Independence takeover advances, KN selects unit’s technical operator
Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has announced that Norwegian capital company Hoegh LNG Klaipėda will serve as a technical operator for the floating storage and regasification unit (FSRU) Independence of the Klaipėda terminal for a minimum of five years.
In focus: Road to net zero has become much bumpier
Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in
Industry unites to praise ‘fantastic day’ for UK tidal energy sector
Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy se
UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030
The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.
TEN bolsters green vessel fleet with scrubber-fitted MR pair
Greek shipowner TEN has signed construction contracts for two scrubber-fitted MR product tankers, the company revealed. These 50,000 dwt vessels, ordered in August from an unnamed shipbuilder, are slated for delivery in the first quarter of 2026. According to Intermodal, the vessels were ordered fro
The tide turns for marine energy projects in Wales
Marine Energy Wales has welcomed the announcement that four tidal stream projects, based in Welsh waters, have been given the green light to provide electricity to the National Grid, as part of the latest allocation round of the UK government’s renewable auction.
Post-installation survey next on the list for Viking Link
A post-installation survey is set to soon commence at the Viking Link project in the North Sea after Prysmian completed the last section of the submarine cable for the UK-Denmark interconnector. The last section was laid and assembled 172 kilometers off the Danish coast in German and Dutch waters on
Black & Veatch: Boosted LNG production is vital for propelling energy transition
In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab
UK supports 11 tidal energy projects with record capacity of over 50MW in latest CfD auction round
In its fifth round of the Contracts for Difference (CfD) scheme, the UK has supported 11 tidal energy projects with a record capacity of over 50MW and €11.6 million total ringfenced budget.