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Outlook & Strategy

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AG&P LNG buys into fully constructed Vietnamese LNG terminal
Outlook & Strategy

AG&P LNG buys into fully constructed Vietnamese LNG terminal

AG&P LNG, a subsidiary of Nebula Energy and developer of LNG terminals and downstream infrastructure, has purchased a 49% stake in Cai Mep LNG terminal located in Vũng Tàu district in South Vietnam. Fully constructed, the terminal was developed by Hai Linh Company, a petroleum product import termina

about 2 years ago
New acquisition expands NextChem’s hydrogen, ammonia, and methanol portfolio
Outlook & Strategy

New acquisition expands NextChem’s hydrogen, ammonia, and methanol portfolio

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NextChem, a subsidiary of an international industrial group Maire Tecnimont S.p.A, has entered into a binding agreement to acquire 100% of Germany-based GasConTec (GCT), a company specialized in technology development and process engineering, expanding its competencies in low-carbon hydrogen, ammoni

about 2 years ago
MAN ES and Mitsui E&S perform world’s first hydrogen combustion test on marine 2-stroke engine
Outlook & Strategy

MAN ES and Mitsui E&S perform world’s first hydrogen combustion test on marine 2-stroke engine

MAN Energy Solutions (MAN ES) and its licensee Mitsui E&S have unlocked a new milestone in the maritime industry with the world’s first hydrogen combustion operation of a large marine engine. The hydrogen combustion operation of a large marine 2-stroke test engine with a bore size of 50 cm was compl

about 2 years ago
Norwegian Hydrogen-led consortium to set up hydrogen ecosystem at Danish port
Outlook & Strategy

Norwegian Hydrogen-led consortium to set up hydrogen ecosystem at Danish port

Green hydrogen producer Norwegian Hydrogen, in collaboration with a consortium of ten partners, has launched a new project that aims to develop an integrated green hydrogen value chain at the Port of Hirtshals in Denmark. Norwegian Hydrogen will be the coordinator of the so-called CONVEY project whi

about 2 years ago
UK continues tidal stream ringfence, increases budget
Outlook & Strategy

UK continues tidal stream ringfence for third year, increases budget

The UK government has set a £10 million ringfence for tidal stream in this year’s renewables auction, representing a third consecutive year. The UK Department for Energy Security and Net Zero (DESNZ) announced that tidal stream and wave energy will compete in Pot 2 of the Contracts for Difference (C

about 2 years ago
Shell and Bloom Energy forge hydrogen alliance
Outlook & Strategy

Shell and Bloom Energy forge hydrogen alliance

American solid oxide fuel cells producer Bloom Energy has signed an agreement with UK-based energy giant Shell to study decarbonization solutions, utilizing its proprietary hydrogen electrolyzer technology. Specifically, Bloom and Shell agreed to collaborate on developing replicable, large-scale, so

about 2 years ago
BV
Outlook & Strategy

BV: Energy insetting key to providing pathways for ‘earliest possible’ adoption of new fuels

Classification society Bureau Veritas (BV) has unveiled the results of new modeling research which confirmed the potential hefty cumulative impact of operational and technical efficiency measures in keeping shipping within its “carbon budget” to 2050.

about 2 years ago
A project to develop a severe weather resistant OTEC structure.
Outlook & Strategy

Tropical storm-proof OTEC system nears fabrication phase

Seven European partners are set to begin fabrication of an ocean thermal energy conversion (OTEC) platform said to be capable of surviving in tropical storm areas, destined for deployment offshore Spain. Being developed under the EU-funded project PLOTEC, fabrication of the system is to begin this m

about 2 years ago
Tekmar
Outlook & Strategy

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago
EU grants €8.9 million for advanced hydrogen valley in Western France
Outlook & Strategy

EU grants €8.9 million for advanced hydrogen valley in Western France

An 18-member consortium, coordinated by French hydrogen producer Lhyfe, has launched a new project to establish an advanced green hydrogen valley in Western France. The project has received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking. The project c

about 2 years ago
IRS
Outlook & Strategy

IRS, GRSE to jointly develop autonomous and green ships

Classification society Indian Register of Shipping (IRS) has signed a memorandum of understanding (MOU) with local shipbuilder Garden Reach Shipbuilders & Engineers Limited (GRSE) to jointly work on the development of autonomous and green energy vessels.

about 2 years ago
MAN ES
Outlook & Strategy

MAN ES expands duel-fuel methanol engine deal with CCS

German engine manufacturer MAN Energy Solutions and China Classification Society (CCS) have signed a sub-agreement that will support the development project for the new MAN 21/31 dual-fuel methanol (DF-M) engine.

about 2 years ago
Wavepiston opens capital raise to back wave energy system
Outlook & Strategy

Danish firm to explore wave energy deployment offshore Barbados

Danish company Wavepiston and Export Barbados (BIDC), an agency of the Barbados Government, are set to explore the deployment of wave energy farms offshore Barbados. According to Wavepiston, Barbados and most of the Caribbean region hold a large potential for wave energy. Barbados has set a net-zero

about 2 years ago
NKT pursues shift to low-carbon aluminium with latest partnership
Outlook & Strategy

NKT seeks to cut carbon footprint of power cables with latest partnership

Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz

about 2 years ago