Outlook & Strategy
Energy Industries Council gets new chairman
As the current chairman is leaving the Energy Industries Council (EIC), a new one has been appointed to take his place.
Robust backlog drives Fugro’s revenue increase
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up b
Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023
GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.
Prosafe on the lookout for new CEO as current one steps down
Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.
RINA, WMU pen MoU for leadership and innovation
Italian classification society RINA has signed a Memorandum of Understanding (MoU) with the World Maritime University (WMU) aimed at promoting academic, technical, and educational exchange between the two institutions. The goal of the MoU is to inspire leadership and innovation for a sustainable mar
Another Solstad vessel makes ‘considerable’ fuel and emission cuts
Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i
Navigator Gas signs gender diversity-linked loan facility agreement
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V
DORIS wins FEED contract for XFuel’s modular energy conversion facilities
XFuel, a sustainable drop-in fuels producer, has engaged DORIS, an engineering, advisory, and project management services company, to provide front-end engineering and design (FEED) support for its modular energy conversion facilities. DORIS said it will support XFuel’s in-house engineering team to
Core Power breaches funding milestone of $100 million
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming fr
Global Marine CEO takes the helm of UK subsea cable producer
UK-based high-voltage direct current (HVDC) cable manufacturer and installer XLCC has appointed a new chief executive officer (CEO) from Global Marine Group to drive business growth. According to XLCC, the appointment of Ian Douglas as CEO takes the company into the next phase of its evolution, the
Carnegie steps up testing activities for CETO wave energy device
Carnegie Clean Energy has made progress in testing and validation of its CETO wave energy device as part of the second phase of the EuropeWave project.
Wales’ tidal lagoon challenge outlines next steps
Marine Energy Wales has recently hosted an informative webinar on Welsh government’s tidal lagoon challenge, which provided a valuable insight into the proposed research priorities, grant application process, and next steps for the project.
Maersk Growth invests in Danish biofuel producer
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has together with VÅR Ventures, invested in Kvasir Technologies, a Danish technology company developing a proprietary technology for the production of carbon-neutral biofuel from non-edible biowaste material. The company has raise
BV approves Technip Energies’ floating CO2 storage and injection concept
French engineering company Technip Energies has received Approval in Principle (AiP) from compatriot classification society Bureau Veritas (BV) for its Offshore C-Hub concept. Technip’s Offshore C-Hub concept is a floating vessel that receives liquid CO2 from shuttle tankers, provides buffer storage