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Wärtsilä methanol engines offer a route to maritime decarbonisation. © Wärtsilä

Outlook & Strategy

Wärtsilä to enable Celebrity Cruises’ 5th Edge-Class Ship to run on methanol

Technology group Wärtsilä will supply the engines for Celebrity Cruises’ fifth Edge Series cruise vessel enabling the ship to run on methanol as fuel. Wärtsilä said that it would convert two Wärtsilä 46F engines to allow them to utilise methanol as fuel, marking the first-ever such conversion for th

about 3 years ago

Transocean Enabler rig; Credit: Jan Arne Wold/Equinor

Outlook & Strategy

Transocean lands strategic collaboration deal with Equinor and secures more work for two rigs

Equinor has inked a strategic collaboration agreement with Transocean and added more work to the backlog of two semi-submersible rigs.

about 3 years ago

Outlook & Strategy

New MoU signed for Greece-Africa interconnector

Greece-based Asso.subsea has signed a Memorandum of Understanding (MoU) with Eunice Energy Group for cooperation on the 2 GW electrical interconnection between Greece and Egypt. The project is being developed by the transnational GAP Consortium, founded by Eunice Energy Group, and is aiming to contr

about 3 years ago

Outlook & Strategy

Stolt-Nielsen units explore potential of ammonia as alternative fuel

Stolt-Nielsen’s units Stolthaven Terminals and Stolt Tankers are exploring the potential of ammonia as a greener alternative to traditional petroleum-based marine fuels to support the ongoing transition to low and zero-carbon energies. In line with this, Stolthaven Terminals, a provider of storage s

about 3 years ago

The International Renewable Energy Agency (IRENA)

Outlook & Strategy

With energy transition off-track, IRENA calls for diverting $1 trillion of annual fossil fuel investment by 2030 to accelerate it

The International Renewable Energy Agency (IRENA) has outlined the investment needs of $35 trillion by 2030 as the price for the green shift.

about 3 years ago

Outlook & Strategy

Power cables now in place for electrification of Utsira High

NKT has completed the power cable systems connecting six offshore oil and gas platforms located at Utsira High to the onshore power supply. This is said to play a central role in reducing carbon emissions from the Norwegian continental shelf (NCS) with 1.2 million tonnes annually. NKT has provided t

about 3 years ago

Outlook & Strategy

TotalEnergies starts binding open season for Le Havre FSRU capacity

TotalEnergies LNG Services France (TELSF), an affiliate of French energy major TotalEnergies, has launched a binding open season to market long-term capacity in its floating storage and regasification unit (FSRU) in Le Havre, France. As announced, the registration period for the open season starts o

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Outlook & Strategy

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago

Outlook & Strategy

ADNOC, Currenta, and Germany’s North Rhine-Westphalia partner up for ammonia value chain

Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has announced that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives

about 3 years ago

Equinor picks Aker Solutions for Norwegian Sea tie-back job

Outlook & Strategy

Aker Solutions wins contract for Norwegian Sea tie-back job

Norway’s energy giant Equinor has awarded compatriot oilfield services provider Aker Solutions with a contract to tie back two gas fields in the Norwegian Sea to the Åsgard B platform. The contract comprises engineering, procurement, construction, installation and commissioning (EPCIC) and implies t

about 3 years ago

Soltech's first floating solar solution installed by Sud Renovables in Spain (Courtesy of Soltech Group)

Outlook & Strategy

Soltech installs its first floating solar unit in Spain

Sud Renovables, a Spanish subsidiary of Soltech Group, has installed the company’s first floating solar energy unit, which also represents the first installation of that kind in Catalonia in Spain.

about 3 years ago

Outlook & Strategy

Denmark and Germany ally on hydrogen and energy systems integration

Denmark and Germany have signed a cooperation agreement on green hydrogen and the integration of the two countries’ energy systems. According to Denmark’s Ministry of Climate, Energy, and Supply, the declaration is to facilitate an ongoing dialogue between Denmark and Germany and relevant actors abo

about 3 years ago

Illustration/Wave energy device testing (Screenshot/Video by Maynooth University COER)

Outlook & Strategy

US-Ireland R&D program awards €500K for collaborative wave energy project

Maynooth University’s Centre for Ocean Energy Research (COER) has secured €500,000 through the joint US-Ireland research program for a collaborative wave energy project whose aim is to make the technology more commercially attractive.

about 3 years ago

Outlook & Strategy

Rovco makes reorganization moves as part of growth strategy

UK provider of subsea robotics and integrated survey solutions Rovco has set up two business units focused on delivering on a specific area of expertise as part of its plans for greater global and sectoral growth. The company, founded in 2016, will now operate through two separate business units, ea

about 3 years ago