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Outlook & Strategy

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Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)
Outlook & Strategy

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago
Norden tanker
Outlook & Strategy

Norden teams up with Spar Shipping on biofuel, acquires Capesize vessels

The end of March has been eventful for Norden as it partnered up with Spar Shipping on the use of biofuel and acquired Capesize vessels to improve its portfolio of freight service solutions towards its dry-segment customers. Norden and Spar Shipping, both Danish companies, have bunkered approximatel

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

Eni creates new venture to enhance pipeline monitoring technology

Italian energy giant Eni has created a new venture called Enivibes, dedicated to increasing the market value of its proprietary vibroacoustic pipeline monitoring system technology. The establishment of the new venture comes as Eni wishes to enhance the market value of its proprietary technology call

about 3 years ago
Illustration/HydroQuest's tidal turbine being being deployed off France (Courtesy of HydroQuest)
Outlook & Strategy

Ocean energy public financing must create ‘pull’ for investors, new IRENA-OEE report says

A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.

about 3 years ago
InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Outlook & Strategy

Ocean Harvesting set to demonstrate enhanced InfinityWEC performance

Swedish company Ocean Harvesting Technologies has teamed up with experts in model-based predictive control to increase the performance of InfinityWEC in the upcoming sea trials.

about 3 years ago
Shipping
Outlook & Strategy

Counting the cost of going green: The steep price of switching to e-methanol

The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new

about 3 years ago
Eight CCUS initiatives in the UK proceed to negotiations
Outlook & Strategy

UK: Eight CCUS projects proceed to negotiations for support

The UK Government has selected eight successful bidders in the second phase of the carbon capture, utilization and storage (CCUS) cluster sequencing process to proceed to negotiations for support through relevant business models. Following the selection of HyNet and East Coast Cluster as Track-1 CCU

about 3 years ago
MAN TAT
Outlook & Strategy

MAN’s methanol ready 49/60DF engine passes TAT with flying colours

German engine manufacturing powerhouse MAN Energy Solutions revealed on Wednesday that its MAN 49/60DF engine has received its Type Approval after a five-day program on the testbed at the company’s HQ in Augsburg, Germany. The Type Approval Test (TAT) was witnessed by inspectors representing the ABS

about 3 years ago
Klaveness Combination Carrier
Outlook & Strategy

Klaveness eyes 1st zero-emission vessel within 2030

Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, plans to introduce its first zero-emission vessel within 2030. The move is part of the company’s updated environmental strategy which is targeting a 45% reduction in energy efficiency operational indicato

about 3 years ago
Aker Solutions ramps up green steel game with First Movers Coalition pledge
Outlook & Strategy

Aker Solutions ramps up green steel game with First Movers Coalition pledge

Norwegian oilfield services provider Aker Solutions has joined the First Movers Coalition (FMC), thereby committing to buying at least 10 per cent of its steel from low-emissions sources by 2030. By joining the decarbonizing coalition, Aker Solutions has committed to a frame agreement for steel purc

about 3 years ago
Representatives of Mocean Energy and TEXO E&F following the signing of the MoU (Courtesy of Mocean Energy)
Outlook & Strategy

Mocean Energy picks preferred fabricator for wave energy devices

Scottish company Mocean Energy has selected TEXO Engineering & Fabrication (TEXO E&F) as its preferred fabrication, assembly and load-out contractor for the Blue Star and Blue Horizon wave energy converters.

about 3 years ago
Ship design for NoGAPS ammonia-fueled gas carrier comes to light
Outlook & Strategy

Ship design for NoGAPS ammonia-fueled gas carrier comes to light

Nordic Green Ammonia Powered Ships (NoGAPS) project consortium has revealed the initial ship design for the ammonia-fueled gas carrier M/S NoGAPS. The NoGAPS project brings together key players in the value chain, including Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), Nordic Inn

about 3 years ago
Damen
Outlook & Strategy

MEYER Group, DSC forge ties on sustainability projects

The MEYER Group, an international consortium specializing in cruise shipbuilding, and the Dutch Shiprepair company Damen Shiprepair & Conversion (DSC) have signed a joint cooperation agreement. Under the agreement, DSC will work with the recently established company MEYER RE, a subsidiary of the MEY

about 3 years ago
Norway's shipping investment company buys its first stake in dive support vessel
Outlook & Strategy

Norway’s shipping investment company buys first stake in dive support vessel

Norwegian shipping investment company ADS Maritime Holding has acquired a 10 per cent stake in a 2017-built dive support vessel (DSV) developed for light subsea construction work and advanced dive support work. With the acquisition, ADS Maritime will act as commercial manager for the DSV Southern St

about 3 years ago