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Outlook & Strategy - Offshore Energy

Outlook & Strategy

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Outlook & Strategy

First stage of Brazil’s biggest floating solar plant inaugurated

The first stage of what is said to be the largest floating solar plant in Brazil has been inaugurated in the State of São Paulo. The UFF Araucária project is located at the Billings dam and is being developed by Empresa Metropolitana de Águas e Energia (EMAE) and KWP Energia. The first stage, coordi

about 2 years ago

Outlook & Strategy

Hanwha Ocean wins $247 million deal for VLAC pair amid growing demand for ammonia carriers

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), secured its first order for 2024 with an agreement to build two 93,000 cbm ultra-large ammonia carriers equipped with eco-friendly technology. The vessels, valued at approximately KRW 331.2 bill

about 2 years ago

Outlook & Strategy

AquaVentus: Imminent start of North Sea auction is essential for hydrogen ramp-up

Jörg Singer, chairman of German offshore wind-to-hydrogen initiative AquaVentus has called for a timely tender for the expansion of offshore electrolysis, saying that the imminent start of the auction for the Noth Sea region SEN-1, a 100 km2 area in the North Sea designated for hydrogen production,

about 2 years ago

Outlook & Strategy

Conoship and Bouman join forces on ship-based carbon capture joint venture

EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help

about 2 years ago

Outlook & Strategy

Wison New Energies starts pre-FEED work for two FLNG projects in Nigeria

China-based provider of clean energy services Wison New Energies, formerly known as Wison Offshore & Marine, has initiated the design validation and pre-FEED phase for two floating LNG (FLNG) projects in Nigeria. Following the signing of the contract and disbursement of mobilization funding, Wison N

about 2 years ago

Outlook & Strategy

Scottish high-voltage cable factory plan approved

Japan-headquartered Sumitomo Electric Industries has received approval for its plans to establish a power cable factory in Scotland. The Highland Council’s north planning applications committee approved the planning permission for the new high-voltage cable factory near Inverness last week. The deve

about 2 years ago

Outlook & Strategy

Flying Tiger Copenhagen teams up with Maersk on transporting goods using green fuels

Danish container shipping major A.P. Moller – Maersk has announced that compatriot retail company Flying Tiger Copenhagen will join its roster of customers utilizing the ECO Delivery solution for ocean freight transport, beginning in 2024. The strategic move aims to significantly curb Flying Tiger C

about 2 years ago

Outlook & Strategy

Toyota’s growth fund invests in Corvus Energy to boost hydrogen fuel cell development

Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and

about 2 years ago

Outlook & Strategy

Wisdom Lines sets sail into 2024 with $80 million investment

Taiwanese shipping company Wisdom Lines is starting 2024 with a $80 million investment in two 84,000 dwt bulk carriers. The company revealed that its Board of Directors approved the purchase of the vessels, which are set to be constructed by Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China, the

about 2 years ago

Outlook & Strategy

Lhyfe partners with Source Galileo for green hydrogen production in UK and Ireland

French green hydrogen producer Lhyfe and UK renewable energy developer Source Galileo have entered into a joint agreement to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland. To this end, the companies signed a memorandum of understanding (MoU), aiming to

about 2 years ago

Outlook & Strategy

Ofgem CEO: Burgeoning hydrogen and CCS industry in Teesside and Humber to yield tens of thousands of jobs

Tens of thousands of new-generation clean jobs need to be created to support burgeoning hydrogen production and the carbon capture and storage (CCS) industry in the UK’s Teesside and Humberside regions, according to Jonathan Brearley, CEO of UK energy market regulator Ofgem. Following visits to CCS

about 2 years ago

Recently, Seaturns launched a wave energy demonstrator offshore France, at Ifremer’s sea trials site in Sainte-Anne du Portzic, near Brest.

Outlook & Strategy

Fugro’s PSV becomes geotechnical survey vessel at Ulstein Verft

Ulstein Verft has completed the conversion of a 2015-built platform supply vessel (PSV) into a geotechnical survey vessel for Fugro, representing one out of two vessel transformation tasks it has on its to-do list. Ulstein Verft finished the conversion of the Fugro Resilience at the end of 2023, on

about 2 years ago

Outlook & Strategy

Mitsubishi HC Capital to acquire 20% stake in European Energy

Denmark’s European Energy and Japan’s Mitsubishi HC Capital have entered into an agreement in which Mitsubishi will acquire a 20% stake in European Energy. Specifically, Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase ar

about 2 years ago

Outlook & Strategy

China debuts its first methanol bunkering vessel

On January 13, 2024, China’s inaugural methanol bunkering ship, Hai Gang Zhi Yuan, embarked on its maiden voyage, following a conversion process at Zhoushan Putuo Changhong Shipbuilding Co. The ship left for Shanghai Port where it was put in operation as an integral part of Shanghai Port Clean Energ

about 2 years ago