Outlook & Strategy
Wave power for subsea equipment demo grabs oil & gas industry’s attention
European and Asian energy companies have paid a visit to a demonstration project for powering subsea equipment with wave power and subsea energy storage, led jointly by Mocean Energy and Verlume with other consortium partners, in Orkney. The €2.3 million (£2 million) project, called Renewables for S
Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges
The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.
BAR Technologies wins DNV’s type approval
UK tech provider BAR Technologies (BARTech) has been awarded a full Type Approval Design Certificate (TADC) for its wind propulsion technology – BAR Technologies WindWings by Yara Marine Technologies (WindWings) – from classification society DNV. Since being awarded an Approval In Principle (AIP) fo
PowerCell, e1 Marine and Maritime Partners test first methanol-to-fuel cell power chain
Hydrogen fuel cell supplier PowerCell Group and methanol-to-hydrogen technology firm e1 Marine, in partnership with RIX Industries, have conducted a string test of their respective technologies for a 200kW propulsion chain as part of the validation of Maritime Partners LLC’s M/V Hydrogen One inland
WoodMac: Gas resource holders in LNG vs. ammonia dilemma
According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an
In focus: Transitioning to low-carbon energy future through green hydrogen corridors
This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen
Maersk’s 1st methanol-powered feeder gears up for sea trials as keel is laid for 1st larger ship from the series
The world’s first feeder vessel powered by green methanol is nearing construction completion and is getting ready to embark on its sea trials later this month. The 172-meter-long feeder was launched on April 4 at South Korea’s Hyundai Mipo Dockyard and it is being built for Denmark-based industry ma
EU and Chile launch new cooperation actions on renewable hydrogen
The European Union (EU) and the Government of Chile have launched two new cooperation actions on renewable hydrogen to contribute to the implementation of the “Team Europe Initiative for the Development of Renewable Hydrogen in Chile”. The initiative is a joint effort of the EU and its Member States
Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie
Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.
With peak oil demand in sight, is the end of the black gold era really approaching?
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
Converter stations ordered for first subsea interconnector between France and Spain
Hitachi Energy has secured a contract with Spanish and French electricity transmission operators to supply HVDC converter stations for the first subsea electricity interconnection between France and Spain. The contract for the Biscay Gulf interconnection has been awarded by Electricity Interconnecti
SolarDuck partners up for 780kW offshore solar project in Malaysia
SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island.
Wilson pens deal for up to 14 future-proof newbuildings
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
Provaris and Norwegian Hydrogen launch 270MW green hydrogen project in Norway
Australian Provaris Energy, former Global Energy Ventures (GEV), has launched the development of a large-scale production plant for green hydrogen at Ørskog in Ålesund municipality, Norway. The company has announced the development of the project in collaboration with Norwegian Hydrogen, stating it