Outlook & Strategy
Wallenius Wilhelmsen turns to ExxonMobil for biofuel supply
Oslo-listed shipping company Wallenius Wilhelmsen has signed its first biofuel contract with the U.S. energy major ExxonMobil as a step towards reducing emissions and promoting eco-friendly practices. Under the contract, ExxonMobil will deliver sustainable biofuel within the second half of this year
XL uncrewed underwater vehicle set for technology demonstrations
Canadian Cellula Robotics and UK-based HonuWorx are collaborating to carry out a series of technology demonstrations that will use an extra-large uncrewed underwater vehicle (XLUUV). The demonstrations will see Cellula’s Solus-XR extra-large uncrewed underwater vehicle (XLUUV) used in showcasing Hon
Industry’s first: Maersk ready to convert existing containership to methanol dual-fuel engine next year
Denmark-based shipping giant A.P. Moller – Maersk (Maersk) is ready to make pioneering moves in the shipping industry with the retrofit of an existing container ship to a dual-fuel methanol-powered vessel scheduled for 2024. The company revealed that the first engine retrofit in the industry is to b
Finland’s energy companies unite to develop industrial hydrogen valley
Neste Corporation, Gasgrid Finland, Helen and Vantaa Energy have joined forces and started preliminary studies on the development of an industrial hydrogen valley in the Uusimaa region in Finland. Neste said the industrial hydrogen valley would combine infrastructure, storage and transmission of ren
J. Lauritzen, Cargill add third methanol-fuelled Kamsarmax to their tally at Tsuneishi
Danish investment company J. Lauritzen is expanding its partnership with Swiss freight trader Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to their existing order of two vessels. The vessels are capable of trading with zero carbon emissions when powered by green met
UK firm to back Nexans on Ireland-France interconnector
UK-headquartered International Projects Group (IPG), part of the RSK Group, has been appointed to support Nexans Norway with work for the Celtic Interconnector that will link Ireland and France. IPG will create a marine construction environmental management plan and provide construction environmenta
Technip Energies boosts its CCUS technologies and solutions platform
Engineering and technology company Technip Energies has introduced Canopy by T.EN, an integrated suite of flexible and modular post-combustion carbon capture solutions, powered by Shell CANSOLV CO2 Capture System. The suite builds on the recently launched Capture.Now, a strategic platform that bring
Wärtsilä looks into potential of Power-to-X fuels for power generation
Finnish technology group Wärtsilä has published a new whitepaper on the potential of Power-to-X (P2X) fuels for power generation. An in-depth study in the whitepaper entitled “The feasibility of Power-to-X fuels for power generation” examines the entire value chain of P2X fuels, analyses cost predic
ABS: Subsea ammonia storage unit en route to NOV’s facility for final testing
The subsea ammonia storage unit, a part of a joint development project (JDP) that includes the American Bureau of Shipping (ABS), NOV Subsea Production Systems, Equinor, the Research Council of Norway and the Net Zero Technology Center, has entered its final phase of testing. The 200-cubic-meter pro
Fred. Olsen 1848’s new solution targets near- and offshore floating solar
Oslo-headquartered Fred. Olsen 1848 has launched a new solution said to unlock the potential of near- and offshore floating solar by allowing PV modules to move freely and independently. The solution named Bolette is said to be capable of handling high wave loads in combination with wind, which repr
UN adopts historic High Seas Treaty
The UN’s 193 member states adopted a legally binding marine biodiversity agreement on Monday following nearly two decades of negotiations over forging a common wave of conservation and sustainability in the high seas beyond national boundaries – covering two thirds of the planet’s oceans. It forms t
UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters
Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.
Gasgrid Finland launches market consultations for national hydrogen infrastructure
As part of its task to develop national hydrogen infrastructure, international cooperation and hydrogen market around the Baltic Sea region, state-owned transmission system operator Gasgrid Finland has organised a non-binding market consultation for industrial actors to gain insight into their hydro
Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h