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Outlook & Strategy

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H2Global and JOGMEC initiate clean hydrogen cooperation
Outlook & Strategy

H2Global and JOGMEC initiate clean hydrogen cooperation

Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydro

about 2 years ago
USV orders of over $1.25 million land on Ocean Power Technologies' table
Outlook & Strategy

USV orders of over $1.25 million land on Ocean Power Technologies’ table

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Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA

about 2 years ago
Petrobras targets reliable subsea production with order of motor boosting system
Outlook & Strategy

Petrobras targets reliable subsea production with topside-less technology

Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera

about 2 years ago
Reach Subsea makes moves to meet increasing demand for subsea services
Outlook & Strategy

Reach Subsea makes moves to meet increasing demand for subsea services

Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri

about 2 years ago
QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers
Outlook & Strategy

QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers

As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy

about 2 years ago
Picture showing three 150 MW offshore solar standard formats in-between offshore wind turbines. Source: Oceans of Energy
Outlook & Strategy

16 European partners kick off project to scale up offshore solar

Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge

about 2 years ago
FPSO Akpo; Source: Sapetro
Outlook & Strategy

Fresh oil, gas, and drilling plays shape global energy ecosystem

This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

about 2 years ago
Onshore cable provider wanted for second Malta-Italy interconnector
Outlook & Strategy

Onshore cable provider wanted for second Malta-Italy interconnector

InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce

about 2 years ago
SCZONE-Belgium cooperation talks include green fuel projects
Outlook & Strategy

SCZONE-Belgium cooperation talks include green fuel projects

François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra

about 2 years ago
Crews signol
Outlook & Strategy

Crew behavior changes lead to significant fuel savings, Ridgebury says following trial

A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tank

about 2 years ago
shore power
Outlook & Strategy

Cavotec wins shore power deal with European shipping line

Swiss cleantech company Cavotec revealed that it has signed a $5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of th

about 2 years ago
Euronav
Outlook & Strategy

Euronav wins green light for CMB.TECH’s acquisition

Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation f

about 2 years ago
Site survey on schedule at gas field off Timor-Leste
Outlook & Strategy

Site survey on schedule at gas field off Timor-Leste

UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chu

about 2 years ago
MidOcean Energy to acquire 20% stake in Peru LNG
Outlook & Strategy

MidOcean Energy to acquire 20% stake in Peru LNG

MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 k

about 2 years ago