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Outlook & Strategy

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PowerCell joins new EU project to develop marine fuel cells
Outlook & Strategy

PowerCell joins new EU project to develop marine fuel cells

Swedish hydrogen fuel cell provider PowerCell has joined H2Marine, an EU project aimed at developing innovative hydrogen solutions with a focus on developing and testing fuel cells specifically for marine applications. The project entails a comprehensive process of design, development, testing, and

about 2 years ago
Illustration; Source: Shell
Outlook & Strategy

With natural gas in high demand, Shell forecasts global LNG growth will top 50% by 2040

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Shell has revealed its latest outlook on the global demand for LNG, predicting a rise in demand of more than 50% by 2040.

about 2 years ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?

While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.

about 2 years ago
High client demand brings 'strong' 2023 to Fugro
Outlook & Strategy

High client demand brings ‘strong’ 2023 to Fugro

Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the off

about 2 years ago
PGS makes energy-efficient move for eight of its seismic vessels
Outlook & Strategy

PGS makes energy-efficient move for eight of its vessels

Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting

about 2 years ago
Topsoe’s ammonia technology picked for new hydrogen project in South Korea
Outlook & Strategy

Topsoe’s ammonia technology picked for new hydrogen project in South Korea

Danish technology company Topsoe has signed an engineering agreement with the South Korean industrial supplier of hydrogen Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology. Specifically, Topsoe said the company will deliver its technology to Approtium’s project in

about 2 years ago
Tankers International
Outlook & Strategy

Exclusive interview with Tankers International CEO: VLCC pooling’s role poised to grow with energy transition demands rising

OE spoke with Charlie Grey, Tankers International’s CEO, on how its members are doing business amid the decarbonization and digital transformation.

about 2 years ago
Deal signed for new hydrogen hub in Sarawak, Malaysia
Outlook & Strategy

Deal signed for new hydrogen hub in Sarawak, Malaysia

Clean energy solutions provider Gentari, through its subsidiary Gentari Hydrogen, has signed a heads of agreement (HOA) with SEDC Energy (SEDCE) for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, Malaysia. The agreement for the production hub, to be known as the

about 2 years ago
Sulmara expands its services with new business line
Outlook & Strategy

Sulmara expands its services with new business line

Subsea specialist Sulmara has launched a new business line, expanding its services with the aim of reducing the risks clients face in subsea operations and helping them meet their net-zero targets. The new Route Development business line will see the company provide a range of support from the plann

about 2 years ago
Three partners unite for landmark hybrid wind-solar farm offshore Italy
Outlook & Strategy

Three partners unite for landmark hybrid wind-solar farm offshore Italy

Dutch-Norwegian floating solar developer SolarDuck, Italian independent asset manager Green Arrow Capital and New Developments s.r.l., an Italian developer, have agreed to collaborate on the development of an offshore hybrid wind-solar farm in the Gulf of Taranto offshore Italy. The three companies

about 2 years ago
HH2E and Siemens Energy forge green hydrogen ties
Outlook & Strategy

HH2E and Siemens Energy forge green hydrogen ties

German companies HH2E and Siemens Energy have partnered up to address the future green energy needs of HH2E, focusing specifically on the provision of high-voltage systems, power transformers and beyond, essential for the operation of HH2E’s large-scale green hydrogen production units across Germany

about 2 years ago
Canadian govt charts path for sustainable tidal energy development
Outlook & Strategy

Canadian govt charts path for sustainable tidal energy development

The Government of Canada has released the Tidal Energy Task Force’s final report to clarify regulatory requirements for tidal energy projects in the Bay of Fundy with the aim of defining the path for growth of the industry. The Government of Canada noted it was working with the province of Nova Scot

about 2 years ago
Illustration; Source: TotalEnergies
Outlook & Strategy

TotalEnergies inks 16-year LNG supply deal with Sembcorp

French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreement (SPA) for the long-term LNG delivery to Sembcorp. Specifically, the deal entails the delivery of up to 0.8 million tons of LNG per annum (

about 2 years ago
After a year of active tendering, Subsea7's backlog hits year-end level last seen in 2013
Outlook & Strategy

After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013

After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the

about 2 years ago