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Outlook & Strategy

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GAZ-SYSTEM sizing up interest in additional regasification capacity at Gdansk FSRU
Outlook & Strategy

GAZ-SYSTEM sizing up interest in additional regasification capacity at Gdansk FSRU

Poland’s natural gas transmission system operator GAZ-SYSTEM has launched a non-binding market screening procedure to identify the demand for additional regasification capacity of the floating storage and regasification unit (FSRU) in the Gulf of Gdańsk area. Pursuant to the assumptions set out in t

about 3 years ago
Wavepiston plans to deploy its wave energy-powered desalination system soon at PLOCAN (Courtesy of Wavepiston)
Outlook & Strategy
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Wavepiston secures 130% of initial crowdfunding target

Danish wave energy company Wavepiston has reached 130% of its initial crowdfunding target, as the campaign remains open for two more days.

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

Shell hires Kongsberg to digitalise its global assets

Kongsberg Digital has been hired by Shell Global Solutions International to handle the digitalisation of the oil major’s global assets with digital twin technology.

about 3 years ago
Inseanergy's floating solar technology (Courtesy of Inseanergy)
Outlook & Strategy

Norwegian floating solar developers settle patent dispute

Norway-based floating solar companies Ocean Sun and Inseanergy have reached a settlement agreement for floating solar technology patents.

about 3 years ago
Norwegian fishing vessel hired for survey services
Outlook & Strategy

Norwegian fishing vessel hired for survey services

Norway’s Ross Offshore has entered into an agreement with compatriot Teige Gruppen for the charter of the fishing vessel Sunny Lady for survey services. The agreement will initially consist of a charter for this summer where the vessel will be used to carry out several work assignments for Ross Offs

about 3 years ago
Illustration of carbon capture and storage process; Courtesy of Norwegian Offshore Directorate
Outlook & Strategy

In focus: Carbon capture and storage projects gain worldwide momentum

Carbon capture and storage (CCS) projects are increasingly gaining more prominence in the race to make the world cleaner and more sustainable, driven by the interest from some of the most important offshore energy players.

about 3 years ago
Illustration/Minesto's Dragon 4 tidal energy kite (Courtesy of Minesto)
Outlook & Strategy

Minesto hires Leask Marine for Faroe Islands anchoring job

Minesto has awarded a contract to Orkney-based marine services provider Leask Marine for the installation of a drilled foundation anchor for the first Dragon 12 tidal energy kite system in Faroe Islands.

about 3 years ago
Team for Spain-France electricity interconnector starts taking shape
Outlook & Strategy

Team for Spain-France electricity interconnector starts taking shape

Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the French counterpart RTE, has awarded the engineering, procurement and construction (EPC) contracts for an electricity interconnection project that will link the two countries. The Biscay Gulf project

about 3 years ago
Snam teams up with KN to start up Italy’s new floating LNG terminal
Outlook & Strategy

Snam teams up with KN to start up Italy’s new floating LNG terminal

Italian energy company Snam has selected Lithuanian oil and LNG terminals’ operator Klaipedos Nafta (KN) for collaboration in the start-up of a greenfield FSRU-based LNG terminal in the port of Piombino. KN said it will support Snam in the FSRU installation and subsequent commissioning and testing o

about 3 years ago
BW Offshore, SwitcH2 get DNV’s nod for floating ammonia production unit
Outlook & Strategy

BW Offshore, SwitcH2 get DNV’s nod for floating ammonia production unit

An industrial-scale concept for a floating green ammonia production unit developed by Netherland-based SwitcH2 BV and Norway-based BW Offshore has secured Approval in Principle (AiP) from classification society DNV. With AiP in place, the technical feasibility of the design has been affirmed and the

about 3 years ago
Results 'above all expectations' as Prysmian reports best year ever
Outlook & Strategy

Results ‘above all expectations’ as Prysmian reports best year ever

Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, w

about 3 years ago
G7 urged to affirm role of gas and LNG in achieving energy security and climate goals
Outlook & Strategy

G7 urged to affirm role of gas and LNG in achieving energy security and climate goals

Eight international associations and trade organisations have sent a joint letter urging the Group of Seven (G7) nations to affirm the role of natural gas and liquefied natural gas (LNG) in meeting energy security and climate objectives. The letter was sent to Japanese Prime Minister and current G7

about 3 years ago
Zim Sammy Ofer
Outlook & Strategy

ZIM’s LNG-powered ultra-large containership sets sail on maiden voyage

ZIM Sammy Ofer, the first LNG-fuelled containership to join ZIM’s fleet, has kick-started its maiden voyage, the Israeli shipping company said. The containership departed Asia earlier this week heading for the United States East Coast. The vessel joins ZIM’s flagship service, ZIM Container Service P

about 3 years ago
UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’
Outlook & Strategy

UNDP buys Euronav’s VLCC to prevent catastrophic spill from ‘ticking bomb’ FSO off Yemen

The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to

about 3 years ago