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Outlook & Strategy

£1 billion contract awarded for UK subsea electricity superhighway

A few months after having been selected as the preferred suppliers, the consortium of GE Vernova’s Grid Solutions business and MYTILINEOS Energy & Metals has secured a £1 billion contract to deliver the HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway

about 2 years ago

Illustration/OPT’s PowerBuoy (Courtesy of OPT)

Outlook & Strategy

OPT secures $6.5M contract for its PowerBuoys with US government

US-based company Ocean Power Technologies (OPT) has secured a letter contract with a $6.5 million ceiling for its wave-powered buoys to bolster maritime domain awareness for us government agencies.

about 2 years ago

Outlook & Strategy

MAN taps Alfa Laval for methanol fuel-supply solution

German engine manufacturer MAN Energy Solutions has signed an agreement with Alfa Laval, the Swedish industrial concern, to develop a methanol fuel-supply solution for MAN four-stroke engines and its fuel-injection technology. As a result, the first four-stroke engine types will be capable of retrof

about 2 years ago

Outlook & Strategy

WinGD, Alfa Laval to work together on ammonia-powered engines development

Swedish sustainable solutions provider Alfa Laval and Swiss engine designer WinGD have established a partnership in which Alfa Laval will deliver two fuel supply systems (FSS) for testing WinGD’s ammonia-fueled engine in early 2024.

about 2 years ago

Outlook & Strategy

Polish firm closer to becoming the operator of only Barents Sea CO2 exploration license

Horisont Energi and PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, have signed a sales and purchase agreement (SPA) under which PUN acquires a 50% participating interest in the only CO2 exploration license in the Barents Sea and is willing to take over the operator role. Under the SPA, P

about 2 years ago

Outlook & Strategy

Masdar-AD Ports collab seeks to develop green hydrogen hub in KEZAD

UAE-based port operator AD Ports Group and compatriot clean energy company Masdar have signed a memorandum of understanding (MoU) to jointly explore the development of a green hydrogen production hub within the Khalifa Economic Zones Abu Dhabi (KEZAD). The MoU, signed on the sidelines of the UN Clim

about 2 years ago

Six European countries launch research center for subsea infrastructure security

Outlook & Strategy

Research center for subsea infrastructure security opens in The Hague

The Seabed Security Experimentation Center (SeaSEC), the research center for submarine infrastructure security, has officially opened in The Hague, the Netherlands. Located at Campusatsea in Scheveningen, the SeaSEC research center is committed to safeguarding the subsea infrastructure in the North

about 2 years ago

Outlook & Strategy

Everfuel forms green hydrogen alliance with ITOCHU and Osaka Gas

Danish green hydrogen company Everfuel has entered into a strategic collaboration with HyVC ApS, a joint venture between Japanese companies ITOCHU Corporation and Osaka Gas, to accelerate the development of green hydrogen production and share related technology knowledge. Everfuel, ITOCHU, and Osaka

about 2 years ago

Outlook & Strategy

Sanmar hands over 1st LNG-powered tug to HaiSea Marine

Turkish shipbuilder Sanmar Shipyards has delivered Canada’s first LNG dual-fuelled tugboat Haisea Kermode to HaiSea Marine, a joint venture majority owned by the Haisla Nation in partnership with Seaspan ULC. Haisea Kermode can run on diesel or LNG, and features a diesel exhaust after-treatment syst

about 2 years ago

Outlook & Strategy

Star Bulk and Eagle join forces to create dry bulk shipping powerhouse

Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi

about 2 years ago

Outlook & Strategy

Cable-lay equipment ordered for new Nexans vessel

Italian company Remacut, part of NOV, has won a contract with Nexans to deliver the cable-lay equipment for the company’s new cable-lay vessel (CLV). Building on its predecessor, the CLV Nexans Aurora, the newly constructed vessel will incorporate a 3,500-ton underdeck carousel to complement the 10,

about 2 years ago

Outlook & Strategy

NYK Line reveals plans for main engine upgrade on Moss-type LNG carriers

Japanese shipping major NYK Line has teamed up with compatriot shipbuilders Namura Shipbuilding Co. and Sasebo Heavy Industries Co. to replace the main propulsion on steam turbine–driven Moss-type LNG carriers. In October 2023, NYK was granted Approval in Principle (AiP) from the Japanese classifica

about 2 years ago

Outlook & Strategy

Hy24’s Clean Hydrogen Equipment Fund wins Dutch bank’s support

Dutch bank ABN AMRO is investing in the Clean Hydrogen Equipment Fund, managed by Hy24, a clean hydrogen investment fund committed to scaling up the global hydrogen economy. This is said to be the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the ban

about 2 years ago

Microsoft joins Northern Lights CCS project

Outlook & Strategy

Microsoft to back Northern Lights CCS project

The Northern Lights Joint Venture and SLB have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). In the i

about 2 years ago