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Outlook & Strategy

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OEG Offshore buys compatriot subsea cable specialist
Outlook & Strategy

OEG Offshore buys compatriot subsea cable specialist

UK’s OEG Offshore has acquired compatriot Pelagian, a provider of consultancy, engineering and installation management services to the submarine cable and offshore renewable energy industries. With the acquisition, OEG stated it was better equipped to support the cable sector across different end ma

about 3 years ago
Danes launch remotely operated towed vehicle for autonomous USV systems
Outlook & Strategy

Danes launch remotely operated towed vehicle for autonomous USV systems

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Danish engineering company EIVA has launched a new remotely operated towed vehicle (ROTV) tailored for autonomous unmanned surface vehicle (USV) systems. The ViperFish ROTV is an all-in-one sensor platform for high-resolution data collection by USV, which is said to be able to survey hard-to-reach a

about 3 years ago
EU ETS
Outlook & Strategy

Maritime to benefit from EUR 2 billion fund to decarbonize

The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur

about 3 years ago
Oil & gas work 'key revenue driver' for DeepOcean, with offshore wind outlook positive
Outlook & Strategy

Oil & gas work ‘key revenue driver’ for DeepOcean, with offshore wind outlook positive

Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill

about 3 years ago
EU gas TSOs launch international tender for hydrogen corridor pre-feasibility study
Outlook & Strategy

EU gas TSOs launch international tender for hydrogen corridor pre-feasibility study

An international tender for a pre-feasibility study for the Nordic-Baltic Hydrogen Corridor, a cross-border hydrogen project being developed by six European Union (EU) countries, has been launched. Lithuanian gas transmission system operator (TSOs) Amber Grid launched the tender on behalf of its pro

about 3 years ago
Dow joins HEH consortium for Stade LNG terminal
Outlook & Strategy

HEH awards EPC Stade contract to consortium led by Técnicas Reunidas

Hanseatic Energy Hub (HEH) has commissioned a consortium led by Spain-based EPC (engineering, procurement, and construction) specialist Técnicas Reunidas to develop a land-based terminal for liquefied gases in Stade, Germany, subject to HEH’s final investment decision (FID). According to HEH, Técnic

about 3 years ago
Global OTEC’s 1.5MW floating OTEC platform named Dominique (Courtesy of Global OTEC)
Outlook & Strategy

Global OTEC steps closer to first commercial OTEC platform

UK-based company Global OTEC has secured a certificate of approval for a cold-water riser installation for its first commercial-scale ocean thermal energy conversion (OTEC) platform.

about 3 years ago
Caterpilkar, Svitzer
Outlook & Strategy

Svitzer turns to Caterpillar to switch its fleet to methanol

Global towage operator Svitzer, a part of A.P. Moller-Maersk, has signed a Memorandum of Understanding (MOU) with Houston-based Caterpillar Marine to adopt solutions that enable Svitzer to utilize methanol in their fleet. Under the partnership, the duo plans to work on the installation of dual-fuel

about 3 years ago
Illustration (Courtesy of EU-SCORES)
Outlook & Strategy

EU-SCORES gets official go-ahead for renewable energy multi-use parks

The EU-SCORES project, focused on developing energy multi-use parks incorporating different offshore renewable energy sources at one site, has received an official go-ahead from the European Climate, Infrastructure and Environment Executive Agency (CINEA).

about 3 years ago
Port of Rotterdam to offer site suitable for green hydrogen plant
Outlook & Strategy

Port of Rotterdam to offer site suitable for green hydrogen plant

The Port of Rotterdam Authority is developing an 11ha site on the Maasvlakte suitable for the construction of a very large green hydrogen plant. The site offers space for up to 1 GW of electrolysis and is located next to where Tennet’s Amaliahaven (380 kV) high-voltage substation will be built. This

about 3 years ago
Norden
Outlook & Strategy

Norden joins hands with 123Carbon on carbon insetting

Danish shipping company Norden has teamed up with carbon insetting platform 123Carbon and its partners AllChiefs and Verifavia to issue carbon inset tokens to support the decarbonisation of customer supply chains. The move will enable Norden to tokenise CO2-equivalent reductions made on biofuel voya

about 3 years ago
Illustration/SIMEC Atlantis' tidal energy turbine (Courtesy of SIMEC Atlantis)
Outlook & Strategy

UK government exploring reforms of its renewable energy auction scheme

The UK government is seeking views on introducing contracts for difference (CfD) reforms, which could reward applicants for including wider benefits their projects could bring when submitting price bids to government for their low-carbon electricity.

about 3 years ago
UK-Norway interconnector projects paused due to timeline conflict
Outlook & Strategy

UK-Norway interconnector projects paused due to timeline conflict

Two multi-purpose interconnector projects that were supposed to link the UK and Norway have been deemed unable to meet the eligibility criteria and have therefore been paused, according to UK energy market regulator Ofgem.

about 3 years ago
Shipping
Outlook & Strategy

G7 ministers push for shipping to attain zero GHG emissions by 2050

The G7 Ministers on Climate, Energy, and Environment have called for the shipping industry to achieve GHG-zero emissions by 2050. The goal is much more ambitious that the current one set by the International Maritime Organization (IMO) under which the shipping industry aims to reduce its emissions b

about 3 years ago