Outlook & Strategy
Saab’s Seaeye ROV finds work at Polish oil fields in Baltic Sea
LOTOS Petrobaltic, part of multi-energy concern ORLEN, has ordered Saab’s Seaeye Leopard work class robotic vehicle to service underwater infrastructure within Poland’s B3 and B8 oil fields in the Baltic Sea.
First LNG cargo arrives in Piombino regasification facility
Italy’s oil and gas company Eni has begun offloading the first LNG cargo into Snam’s (Italy’s energy company) new regasification terminal in Piombino. The LNG was produced at Egypt’s Damietta liquefaction plant, one of the facilities where Eni made investments. Eni stated it acquired regasification
NKT picks up €600M contract for Spain-France interconnector
NKT has secured a final order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector, with an order value exceeding €600 million.
Provaris, Norwegian Hydrogen finalise pre-feasibility study on H2 export
Australian Provaris Energy and Norwegian Hydrogen AS have completed a pre-feasibility study on hydrogen export, demonstrating the potential for low-cost delivery of green hydrogen from Norway to Europe, commencing in 2027. According to Provaris, a preferred site in Norway has been identified for the
ABB joins offshore wind-to-hydrogen project in Sweden
ABB has announced that it will collaborate with Lhyfe and Skyborn to jointly realise and optimise SoutH2Port renewable hydrogen project located in Sweden. Together with Lhyfe and Skyborn, ABB will drive large-scale integration of the production of offshore wind renewable energy hydrogen into the ene
HGK Shipping signs MoU on hydrogen tech, christens new chemical tankers
HGK Shipping, Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) with the goal to develop a scalable solution to make hydrogen available as a source of energy on a large scale. According to HGK, the technology is based on hydrogen, which is
Newly developed monitoring technology for CO2 storage in North Sea proves successful
The consortium partners behind the Project Greensand have developed a new monitoring technology that has successfully monitored that the stored CO2 in the North Sea subsoil is at the right location.
Ashtead Technology signs rental agreement for Orphie systems
International subsea rental equipment and solutions specialist Ashtead Technology has signed an exclusive rental agreement with France-based i2S, specialists in underwater robotics and imaging solutions.
Ammonia cracker method feasible for large-scale H2 imports, study says
A study, made by Fluor and commissioned by the Port of Rotterdam Authority and 17 other companies, has shown that it is technically and economically feasible to safely convert ammonia into 1 million tons of hydrogen (H2) per year using a large-scale cracker. The Rotterdam port informed that the stud
Crestwing’s wave energy device set for streamlining at Aalborg University
Danish company Crestwing has made progress in advancing its wave energy technology as part of a collaborative project funded by the Danish government’s Energy Technology Development and Demonstration Program (EUDP).
Equinox Ocean Turbines embarks on €3.3 million fundraising campaign
Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business.
IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy
In its new report “Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts,” technology company IDTechEx provided an overview of the solid oxide fuel cell (SOFC) market and projected its value to reach $6.8 billion by 2033. More specifically, the report includes an assessment
Methanol momentum: 25 ships in operation, 81 more on the way
There are currently 25 methanol-fuelled ships in operation and another 81 ships on order as of March 2023, according to DNV’s Alternative Fuels Insight. This compares to a total of 82 methanol-powered ships that were in operation and on order at the end of 2022. Of the newbuild ship orders placed in
Average sailing speed could drop by 10 pct by 2025, BIMCO says
Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down