Outlook & Strategy
DNV: Oil demand in transport sector to half by 2050 with maritime transitioning to a mix of fuels
Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte
INERATEC and Zenith plan new e-fuels plant in port of Amsterdam
German e-fuels supplier INERATEC has signed a memorandum of understanding (MoU) with Zenith Energy Terminals to build a power-to-liquid (PtL) plant in the port of Amsterdam. As disclosed, the planned facility will produce up to 35,000 tonnes of e-fuels per year from locally generated and imported gr
EEL Energy’s biomimetic tidal turbine exceeds expectations
French company EEL Energy has informed about very encouraging results gained through the test campaign for its tidal energy device, which uses undulating membrane to produce energy.
Maersk welcomes FuelEU Maritime deal as a launchpad for global fuel standard
Danish container shipping heavyweight Maersk has hailed the agreement reached on the new FuelEU Maritime regulation, a first-of-its-kind legislation designed to speed up the adoption of green fuels and promote decarbonisation in the shipping industry by the end of the decade. FuelEU Maritime takes a
Technip Energies, John Cockerill launch new hydrogen solutions company
Engineering and technology companies Technip Energies and John Cockerill have established Rely, a provider of integrated and competitive green hydrogen solutions. According to Technip, Rely will offer end-to-end solutions, from pre-final investment decision (pre-FID) services, including technical an
Maersk: Q1 profitability slashed amid softened demand
Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a record performance of container shipping majors, impacted by
U.S. and European giants deliver ‘excellent’ results despite the downturn in oil & gas prices
BP, TotalEnergies, Eni, ExxonMobil and Chevron have revealed strong operating and financial performance in the first quarter of 2023.
Longboat and Japan’s JAPEX set on creating ‘leading Norwegian-focussed independent’
Longboat Energy is putting the wheels into motion to form a joint venture (JV) with Japan Petroleum Exploration Co., Ltd (JAPEX).
Fratelli Cosulich completes its first biofuel supply
Italian maritime transportation group Fratelli Cosulich, in partnership with IPLOM (Piedmont Industry Processing Mineral Oils), has begun producing and supplying its own bio VLSFO to reduce the GHG intensity of marine fuels and meet the EU requirements. Fratelli delivered bio VLSFO in collaboration
TECO 2030, Chart expand agreement on carbon capture solutions
Norway’s cleantech company TECO 2030 and US engineering company Chart Industries have expanded their existing cooperation agreement on Chart’s Cryogenic Carbon Capture™ process technology (CCC), to include Chart’s offer of liquid cryogenic fuel storage and supply systems, as well as Howden’s hydroge
UK politicians see collaboration with oil & gas sector as key to reaching net-zero
OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.
Wavepiston starts final factory acceptance tests and assembly of wave energy collectors
Danish company Wavepiston has made progress on the assembly and testing of its wave energy collectors ahead of deployment offshore Canary Islands.
Rovco launches new business line
Rovco has launched a new dedicated marine site characterization business line in order to, as the UK company states, help address an industry shortfall of companies with the all-round skills and expertise to carry out site consenting surveys before the construction of new offshore installations. The
Saipem to use MHI technologies in CO2 capture plants
Japan’s Mitsubishi Heavy Industries (MHI) has concluded a general license agreement (GLA) with Italian engineering company Saipem under which MHI will provide Saipem with its proprietary KM CDR Process™ and Advanced KM CDR Process™ technologies for use in CO2 capture plants. MHI has been collaborati