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Outlook & Strategy

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Ammonia
Outlook & Strategy

Next on the horizon: A naming ceremony for an ammonia-powered ship?

Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

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OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 3 years ago
Illustration; Source: Qatargas, now QatarEnergy LNG
Outlook & Strategy

Qatargas rebrands to spotlight LNG’s ‘critical’ role in energy security and low-carbon transition

Qatargas has changed its name to reflect its future vision and strategy for the country’s liquefied natural gas (LNG) sector.

about 3 years ago
Hydrogen will be key enabler of energy transition, industry experts claim
Outlook & Strategy

Hydrogen will be key enabler of energy transition, industry experts claim

At this year’s Gastech, an annual natural gas, LNG, hydrogen, low-carbon solutions and climate technologies event, held in Singapore, industry experts discussed how the global energy industry can help tackle crucial challenges, such as identifying the best means of unlocking investment in energy pro

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Outlook & Strategy

G20 leaders agree to expedite efforts to triple global renewable energy by 2030

G20 leaders have decided to accelerate efforts to triple total renewable energy capacity and underscore the global need for over $4 trillion of annual investments until 2030, endorsing recommendations from the International Renewable Energy Agency (IRENA) for global renewable energy adoption. In a d

about 3 years ago
IMO
Outlook & Strategy

UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping

A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the

about 3 years ago
In focus: Road to net zero has become much bumpier
Outlook & Strategy

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago
Black & Veatch: Boosted LNG production is vital for propelling energy transition
Outlook & Strategy

Black & Veatch: Boosted LNG production is vital for propelling energy transition

In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab

about 3 years ago
ADNOC Gas strikes $450-550 million LNG supply deal with PetroChina
Outlook & Strategy

ADNOC Gas strikes $450-550 million LNG supply deal with PetroChina

UAE’s integrated gas processing company ADNOC Gas has signed an agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), to supply liquefied natural gas (LNG) to PetroChina International (PCI), a subsidiary of oil and gas company PetroChina. ADNOC Gas said that LNG

about 3 years ago
Coral-Sul FLNG (for illustration purposes); Source: Eni
Outlook & Strategy

WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom

Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.

about 3 years ago
ACWA Power inks cooperation deals with six Italian partners, hydrogen included
Outlook & Strategy

ACWA Power inks cooperation deals with six Italian partners, hydrogen included

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). T

about 3 years ago
Illustration; Source: Westwood
Outlook & Strategy

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago
Oman LNG to supply 1.5 mtpa of LNG under new deals with Shell and OQ
Outlook & Strategy

Oman LNG to supply 1.5 mtpa of LNG under new deals with Shell and OQ

Oman LNG has signed binding term sheet agreements with Shell International Trading Middle East FZE and OQ Trading for the supply of more than 1.5 million tonnes per annum (mtpa) of LNG. The company announced the signing of the two agreements on 30 August via social media update. The first agreement

about 3 years ago
Northern Lights
Outlook & Strategy

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago