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Outlook & Strategy

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In focus: Is natural gas crucial element of energy transition?
Outlook & Strategy

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?
Outlook & Strategy
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Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?

This is a guest article by Anne Haase, Renewables Director at Aquaterra Energy. Europe is currently driving plans forward to significantly decarbonise industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonisation strategy, with infrastructure projects being d

about 3 years ago
ammonia
Outlook & Strategy

Maritime stakeholders call for safe ammonia use

Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,

about 3 years ago
Baker Hughes to supply e-LNG systems for ADNOC Ruwais LNG project
Outlook & Strategy

Baker Hughes to supply e-LNG systems for ADNOC Ruwais LNG project

U.S. energy technology company Baker Hughes has received a letter of award from ADNOC Gas, for and on behalf of Abu Dhabi National Oil Company (ADNOC), to provide two electric liquefaction (e-LNG) systems for the Ruwais LNG project in the United Arab Emirates (UAE). Baker Hughes said the LNG trains

about 3 years ago
BW LPG
Outlook & Strategy

BW LPG, ADNOC enter 1st LPG bunker supply deal in the Middle East

Singapore-based owner and operator of LPG vessels BW LPG has inked an agreement with UAE’s energy giant ADNOC for the supply of liquefied petroleum gas (LPG) as bunker fuel. BW LPG said that the deal marks a notable milestone as the Middle East’s first dedicated LPG bunker supply contract. The inaug

about 3 years ago
BGN, Pertamina join forces on gas transport
Outlook & Strategy

BGN, Pertamina join forces on gas transport

Dubai energy trader BGN has inked a landmark agreement with Indonesia’s state-owned PT Pertamina International Shipping (PIS) for collaboration on gas vessel transportation. The move is expected to reinforce BGN’s position as an emerging maritime asset player in the LPG market and strengthen LPG sup

about 3 years ago
LNG keeps its crown: Alternative fuel orders show LNG still holding strong
Outlook & Strategy

LNG keeps its crown: Alternative fuel orders show LNG still holding strong

In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern

about 3 years ago
The signing of the MoU for the development of clean energy in Tajikistan (Courtesy of Masdar)
Outlook & Strategy

Masdar sets sights on Tajikistan’s floating solar potential

MW Energy, a joint venture between Abu Dhabi Future Energy Company (Masdar) and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore at least 500MW capacity of clean energy projects, including floating solar power,

about 3 years ago
Shipping
Outlook & Strategy

Poseidon Principles align with IMO’s raised ambitions

The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Outlook & Strategy

All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

20 minutes read
In focus: Advanced economies should pave the energy transition way as 'bolder action' is needed
Outlook & Strategy

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

about 3 years ago
Aramco steps into global LNG market with stake in MidOcean Energy
Outlook & Strategy

Aramco steps into global LNG market with stake in MidOcean Energy

Energy major Aramco has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy, an LNG company formed and managed by investment company EIG, for $500 million. Completion of the transaction is subject to closing conditions which include regulatory approvals, with Aramco

about 3 years ago
Greece and Saudi Arabia establish joint venture company to develop electricity link
Outlook & Strategy

Greece and Saudi Arabia lay foundation for development of electricity interconnector

Greece and Saudi Arabia have agreed to establish a special purpose company for the development of an electricity interconnector between the two countries. Chairman of the Board and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) Manos Manousakis and the

about 3 years ago
UNCTAD: Up $28 bln extra required to decarbonize shipping
Outlook & Strategy

UNCTAD: Up $28 bln extra required to decarbonize shipping

While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship

about 3 years ago