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Outlook & Strategy

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New hydrogen facility opens in Norwegian Egersund harbor
Outlook & Strategy

New hydrogen facility opens in Norwegian Egersund harbor

Norwegian companies Dalane Energi and Hydrogen Solution (HYDS) have launched a new hydrogen production facility in Egersund harbor as a part of the EU-funded ROBINSON H2020 project. The official opening ceremony of the hydrogen production plant was held in Grand Hotell Eigersund on February 8 in the

about 2 years ago
Maersk
Outlook & Strategy

Industry first: Maersk’s climate targets validated by SBTi under new guidance

Danish shipping and logistics major A.P. Moller – Maersk has become the first company from the maritime sector to have its greenhouse gas (GHG) emissions targets validated by the Science Based Targets initiative (SBTi) to be in line with the 1.5-degree pathway from the Paris Agreement.

about 2 years ago
CIP and Norwegian partners plan large-scale hydrogen-based energy carriers production
Outlook & Strategy

CIP and Norwegian partners plan large-scale hydrogen-based energy carriers production

Denmark’s Copenhagen Infrastructure Partners (CIP) has entered into an option agreement with Naturgassparken Vest, a real estate company jointly owned by CCB Energy and Norwegian Øygarden municipality, to establish the production of hydrogen-based energy carriers in the Energy Park. The agreement wa

about 2 years ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Outlook & Strategy

Innovate UK grants $1.9 million for wave energy project in Thailand

Swedish-Israeli wave energy developer Eco Wave Power Global (EWP) has announced winning a £1.5 million grant (almost $1.9 million) as a part of a consortium led by UK-based Toshiba and Aquatera, to design a pilot microgrid project for a remote island in Thailand. The grant is a part of round ten of

about 2 years ago
Varma
Outlook & Strategy

Varma invests in green transformation of ESL Shipping

Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.

about 2 years ago
Germany and Algeria boost cooperation with new hydrogen pact
Outlook & Strategy

Germany and Algeria boost cooperation with new hydrogen pact

Germany and Algeria have signed a declaration of intent to establish a bilateral hydrogen task force as part of their energy partnership. Furthermore, there are plans for a hydrogen pilot plant installation. According to the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the

about 2 years ago
JERA allies with Indonesian operator for LNG value chain development
Outlook & Strategy

JERA allies with Indonesian operator for LNG value chain development

Japan’s energy giant JERA and PT PLN Energi Primer Indonesia (PLN EPI), a fuel procurement and transportation operator for Indonesia’s power giant PT PLN (Persero), have signed a memorandum of understanding (MoU) to collaborate on the development of an LNG value chain. The MoU provides for collabora

about 2 years ago
China's first locally-made subsea Xmas tree sees light of day
Outlook & Strategy

China’s first locally-made subsea tree put into use

China’s oil and gas giant China National Offshore Oil Corp. (CNOOC) has rolled out the country’s first locally-made subsea Xmas tree. CNOOC reported that the first China-produced subsea Xmas tree was officially put into use on February 6. The subsea tree is 3.5 meters long, 3.2 meters wide, and 3 me

about 2 years ago
New zero-emission hydrogen-powered vessel to ship goods on Rhine
Outlook & Strategy

New zero-emission hydrogen-powered vessel to ship goods on Rhine

Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project and the Interreg-funded ZEM Ports NS project have launched H2 Barge 2, a hydrogen-powered vessel that, according to the parties, will ship goods completely emission-free on the Rhine between Rotterdam, the Netherlands, and

about 2 years ago
Plans for ammonia import terminal in Hamburg port gain ground
Outlook & Strategy

Plans for ammonia import terminal in Hamburg port gain ground

Hamburg-based energy company Mabanaft has hit a new milestone in the progress of its planned ammonia import terminal in the Port of Hamburg with the scoping meeting held as part of the approval process. The meeting was completed on January 30 in the run-up to the approval procedure for the construct

about 2 years ago
Hexagon Purus gears up for hydrogen surge by expanding business
Outlook & Strategy

Hexagon Purus gears up for hydrogen surge by expanding business

Hexagon Purus Maritime, a wholly-owned subsidiary of Norwegian Hexagon Purus, has opened new premises in Ålesund in line with the increasing demand for innovative hydrogen storage solutions for maritime applications. The new premises at the Devold factory in Ålesund consist of 450 square meters of o

about 2 years ago
Minesto receives funding for next-generation mooring system
Outlook & Strategy

Minesto receives funding for next-generation mooring system

The Swedish Energy Agency has awarded Minesto with 2.8M SEK (approximately $267,000) to support the development and testing of a mooring system for ocean energy deployment. The grant co-funds a project through which Minesto will advance the performance of the next-generation tether system that moors

about 2 years ago
Gasum bunkers Seaworks’ LNG-powered dry bulk vessel in Norway
Outlook & Strategy

Gasum bunkers Seaworks’ LNG-powered dry bulk vessel in Norway

Energy company Gasum has performed the first LNG bunker delivery to shipping company Seaworks’ new dry bulk vessel in Norway. Gasum said that the “delivery not only marks a historic moment for our customer, Seaworks, but also signifies their inaugural venture into LNG dual fuel technology.” Furtherm

about 2 years ago
Special purpose company established for potential Greek-Saudi electricity interconnector
Outlook & Strategy

Special purpose company established for potential Greek-Saudi electricity interconnector

Greece and Saudi Arabia have officially established a special purpose company for exploring the feasibility of an electricity interconnector between the two countries. The special purpose company Saudi Greek Interconnection was established by the Greek electricity grid operator Independent Power Tra

about 2 years ago
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