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Outlook & Strategy

European partnership eyes new solutions for renewable energy transmission

SuperNode, an Irish developer of energy transmission technology based on superconductivity, and the European Laboratory for Particle Physics CERN are collaborating to develop a novel type of insulation for superconducting cables in an effort to improve energy transmission and accelerate the transiti

about 3 years ago

Outlook & Strategy

EU and Norway form Green Alliance on carbon capture, hydrogen and offshore renewables

The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. The agreement was signed on 24 April in Brussels by the President of the European Commission

about 3 years ago

CMA CGM's LNG-powered giant calls at Dunkirk

Outlook & Strategy

Survey: Multifuel future is on the cards as companies ready to run their fleets on 3 or more fuels simultaneously

As the global maritime industry embarks on a decarbonization journey, a recent survey conducted among industry stakeholders has revealed that the path towards decarbonization will be complex, with a wide range of fuels in the mix through 2050. The survey respondents expect their fleets to run on mul

about 3 years ago

Sigma Energy’s full-scale device installed in the Adriatic Sea (Courtesy of Ocean Energy Europe)

Outlook & Strategy

Sigma Energy’s wave energy prototype shows no adverse effects on marine fauna

The University of Montenegro’s Institute of Marine Biology has assessed the impacts of Sigma Energy’s wave energy device on the ecosystem at the deployment site in the Adriatic Sea, finding it had no negative effects on the diversity of marine organisms.

about 3 years ago

Outlook & Strategy

UK and Netherlands unveil multi-purpose interconnector plans

The Netherlands and the United Kingdom have unveiled their plan to build what they say would be a first-of-its-kind electricity link to connect offshore wind between the two countries via interconnectors. LionLink, a multi-purpose interconnector that was announced today at the North Sea summit, coul

about 3 years ago

Illustration/Minesto's Dragon 4 (Courtesy of Minesto)

Outlook & Strategy

Minesto grows first quarter loss

Swedish marine energy company Minesto has started 2023 with an increase in net loss for the first quarter, when compared to the first three months of the year before.

about 3 years ago

Outlook & Strategy

RWE teams up with Kellas Midstream for green hydrogen production

Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the

about 3 years ago

World first as IMCA approves Fugro's ROV introductory training course

Outlook & Strategy

World’s first as IMCA approves Fugro’s ROV introductory training course

The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping

about 3 years ago

Outlook & Strategy

KCC links freight earnings to carbon reduction in shipping contract

KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou

about 3 years ago

Outlook & Strategy

UK oil & gas operators facing ‘biggest offshore stoppage in a generation,’ as offshore workers down tools

1,300 offshore workers will embark on a “historic” 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf.

about 3 years ago

Outlook & Strategy

In focus: Cooperation in offshore energy sector is a bellwether for green transition

The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies. Industry major

about 3 years ago

Concept for Symphony Wave Power device (Courtesy of Symphony Wave Power)

Outlook & Strategy

Dutch wave energy company submits application for EU project subsidy

Dutch-based Symphony Wave Power has submitted an application for EU subsidy, that would be used for the development of wave energy project offshore the Netherlands.

about 3 years ago

WaveRoller deployment offshore Portugal (Courtesy of AW-Energy)

Outlook & Strategy

AW-Energy applauds California’s wave and tidal energy initiative

Finnish wave energy company AW-Energy has welcomed the introduction of the California Senate Bill 605, which calls for a comprehensive and collaborative study to evaluate the feasibility and benefits of using wave energy and tidal energy.

about 3 years ago

Rystad Energy forecasts offshore oil production will increase demand for shuttle tankers

Outlook & Strategy

CEO and CFO of KNOT Offshore Partners stepping down

Shuttle tanker owner and operator KNOT Offshore Partners LP announced that Gary Chapman, KNOP’s CEO, and CFO, has given notice that he intends to resign from his roles at the partnership in order to pursue an opportunity outside of the shuttle tanker sector. The company added that Chapman will remai

about 3 years ago