Outlook & Strategy
LR and COSCO join forces for LNG fleet decarbonization pathway project
Classification society Lloyd’s Register (LR) and Shanghai COSCO Shipping LNG Investment, a subsidiary of China Shipping Corporation Limited, have signed an agreement to collaborate on a new project that aims to formulate and assess the decarbonization pathway for COSCO Shipping’s existing LNG carrie
Maersk secures green methanol supply from Equinor
Container shipping heavyweight A.P. Moller-Maersk (Maersk) has signed an agreement with energy major Equinor thus securing the supply of green methanol for its landmark, methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024. The agr
Italian cabling giant scoops €630 million contract for Adriatic Sea link
Italian cabling giant Prysmian Group has won another contract to deliver a submarine cable project in its homeland, worth around €630 million. With this, the company’s Projects Business Unit order intake exceeds €10 billion year to date, including preferred bidder agreements. Prysmian has secured th
UK set to join EU’s flagship Horizon Europe program – an ‘excellent’ news for ocean energy sector
The announcement that the UK is to join the EU’s flagship Horizon Europe program has been deemed as excellent news for Europe’s ocean energy sector as it could help enable the deployment of more ocean energy projects in the water, keeping Europe’s competitive edge in this emerging industry.
EU Commissioner for Energy to deliver keynote address at Ocean Energy Europe event
Kadri Simson, European Commissioner for Energy, will be present at this year’s Ocean Energy Europe Conference & Exhibition (OEE2023) to deliver a keynote address about what EU has in store for the future of ocean energy.
Lattice gets BV’s AiP for floating LH2 import terminal
Classification society Bureau Veritas (BV) has issued an approval in principle (AiP) to Lattice Technology for the design and development of a 75,000 cbm floating liquified hydrogen (LH2) import terminal. This import terminal is expected to receive the liquefied hydrogen from an LH2 carrier and stor
Developer of UK-France interconnector agrees collaboration with Portsmouth City Council
AQUIND Ltd, the company behind the planned namesake 2 GW electricity interconnector between the UK and France, has established a collaboration with the Portsmouth City Council for the delivery of the project. AQUIND and Portsmouth City Council entered into a works co-operation agreement on 5 Septemb
NSTA to become offshore hydrogen transport and storage regulator
U.K.’s North Sea Transition Authority (NSTA) is expected to soon assume the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal. According to NSTA, the move is intended to support the industry by enabling pioneering projects to obtain
Maersk’s methanol-powered feeder to transport Amazon’s goods
Danish containership major Maersk and American e-commerce giant Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 m
EPS inks several MoUs on development of ammonia dual-fuel vessels
Singapore’s Eastern Pacific Shipping (EPS), German MAN Energy Solutions (MAN ES), South Korea’s HD Hyundai Heavy Industries (HHI) and yards from the China State Shipbuilding Corporation (CSSC) have announced a collaboration on the development of ammonia-burning engine that will be fitted to a new fl
French institute for offshore renewables gets new chairman
France Energies Marines, the institute for energy transition dedicated to offshore renewable energies, has appointed Ronan Stephan as its new chairman.
Italy’s €90 million undersea cable starts operating
Italian transmission system operator (TSO) Terna has put into operation the €90 million undersea cable that connects the island of Elba with Italy’s mainland – a project said to be of fundamental importance for the country’s entire electricity system. The power line connects Portoferraio and Piombin
INEOS inks technology deal with SLB to back its growth ambitions
Oilfield services company SLB and INEOS Energy have established a technology partnership to collaborate on subsurface technologies implementing digital artificial intelligence solutions. INEOS Energy will partner with SLB’s Performance Centre in Aberdeen to collaborate and innovate subsurface techno
BP signs third LNG offtake contract with Woodfibre
UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco