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Outlook & Strategy

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Latvijas Gaze sells its subsidiary Gaso to Eesti Gaas
Outlook & Strategy

Latvijas Gaze sells its subsidiary Gaso to Eesti Gaas

Latvia’s natural gas company Latvijas Gaze has signed a definitive agreement to sell its wholly-owned subsidiary Gaso to energy company Eesti Gaas, also known as Elenger. According to Eesti Gas, the completion of the transaction is subject to approval from the Latvian Competition Authority and permi

about 3 years ago
Ammonia
Outlook & Strategy

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts

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The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

about 3 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Outlook & Strategy

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites

Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

14 minutes read
Maersk
Outlook & Strategy

Milestone: Maersk launches methanol-powered feeder in bold move toward carbon neutrality

Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi

about 3 years ago
Value Maritime
Outlook & Strategy

LR: Creating economic incentives for OCCUS adoption key to wider adoption

Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re

about 3 years ago
Denmark seeks to withdraw from Energy Charter Treaty due to energy transition concerns
Outlook & Strategy

Denmark seeks to exit Energy Charter Treaty due to energy transition concerns

The Danish government is working to withdraw from the Energy Charter Treaty (ECT) due to possible concerns and risks for the green transition, among other things. The ECT is a trade and investment agreement that aims to create secure framework conditions and make it attractive for private investors

about 3 years ago
Global wave and tidal energy market poised to reach $10 bln by 2031, report shows
Outlook & Strategy

Global wave and tidal energy market poised to reach $10 bln by 2031, report shows

Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re

about 3 years ago
Chevron teams up with Angelicoussis for ammonia carrier study
Outlook & Strategy

Chevron teams up with Angelicoussis for ammonia carrier study

Energy major Chevron, through its subsidiary Chevron Shipping Company, and the Angelicoussis Shipping Group, through its Energy Transition division Green Ships, have made a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. Thro

about 3 years ago
Next-gen autonomous subsea robot hits the water
Outlook & Strategy

Next-gen autonomous subsea robot hits the water

Nauticus Robotics has kicked off a commissioning exercise of the first of three second-generation Aquanauts autonomous subsea robots, dubbed the Mark 2 (MK2). Following commissioning, Nauticus plans to send the initial Aquanaut MK2 units to the North Sea and the Gulf of Mexico in the coming months t

about 3 years ago
N-Sea to connect German offshore wind farm to Dutch gas platform
Outlook & Strategy

N-Sea to connect German offshore wind farm to Dutch gas platform

Dutch upstream oil and gas company, ONE-Dyas, has awarded N-Sea with a contract to install a subsea power cable between the Riffgat offshore wind farm in the German North Sea and the new, to-be-built N05-A gas production platform. The scope of N-Sea includes the complete scope comprising survey, des

about 3 years ago
Eemshaven LNG terminal sees first delivery by Engie
Outlook & Strategy

Eemshaven LNG terminal sees first delivery by Engie

Engie Global Energy Management & Sales has delivered its first vessel at the new Eemshaven floating LNG terminal in the Netherlands. The company said it is significantly increasing LNG imports into Europe and remains committed to providing a secure supply of energy to its clients. “We are confident

about 3 years ago
Illustration; Source: The Danish Energy Agency
Outlook & Strategy

Oil and renewables steal the spotlight, as natural gas consumption takes a downturn in 2022

The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year.

about 3 years ago
Rovco's new COO comes from Mermaid Subsea Services
Outlook & Strategy

Rovco’s new COO comes from Mermaid Subsea Services

UK’s Rovco has appointed Fraser Moonie, previously Regional Director for Mermaid Subsea Services UK, as its new Chief Operating Officer (COO) as part of the company’s global expansion targets. Shortly before taking over the role at Rovco, Moonie worked to bring the Asia-based subsea contractor Merma

about 3 years ago
Vard to make Norwegian platform supply vessel more sustainable
Outlook & Strategy

Vard to make Norwegian platform supply vessel more sustainable

Norway-based Vard Electro has secured a contract with compatriot REM Offshore to deliver an energy storage system for a platform supply vessel (PSV) that will undergo a retrofit project. The order covers a comprehensive SeaQ package that includes an energy storage system, drives, energy management s

about 3 years ago