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Outlook & Strategy

QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar

about 3 years ago

Cirata floating solar plant in Indonesia (Courtesy of Masdar)

Outlook & Strategy

Masdar, PLN NP shake hands to triple the size of ASEAN’s largest floating solar plant

UAE’s Masdar has signed the agreement with PLN Nusantara Power (PLN NP) for a 500MW expansion of Cirata floating solar plant in Indonesia – which is set to become the largest floating solar plant in the Association of Southeast Asian Nations (ASEAN).

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Outlook & Strategy

IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition

The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.

12 minutes read

Outlook & Strategy

Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows

While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr

about 3 years ago

Outlook & Strategy

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 3 years ago

Outlook & Strategy

IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se

about 3 years ago

Outlook & Strategy

Seafarers’ unions strike deal for a 6 pct pay hike

Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate

about 3 years ago

Outlook & Strategy

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 3 years ago

Outlook & Strategy

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Outlook & Strategy

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago

Outlook & Strategy

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read

Outlook & Strategy

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

about 3 years ago

Outlook & Strategy

Fluxys forms hydrogen partnership with Oman’s OQGN

Belgium’s energy infrastructure company Fluxys has strengthened its partnership with Omani state-owned transmission system operator OQ Gas Networks (OQGN) to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure. Following an invitation to become an anch

about 3 years ago

Outlook & Strategy

Fertiglobe and AD Ports unite on ammonia storing and shipping

Fertiglobe, a strategic partnership between UAE’s ADNOC and Dutch OCI Global, has signed a non-binding memorandum of understanding (MoU) with UAE’s AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. According to

about 3 years ago