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Cygnus field in the UK North Sea (for illustration purposes); Source: Neptune Energy

Outlook & Strategy

Pushing for cleaner oil & gas production pays off, as UK North Sea flaring gets halved

UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.

about 3 years ago

Banja floating solar plant in Albania (Courtesy of Statkraft)

Outlook & Strategy

Statkraft’s upgraded 2MWp floating solar plant starts commercial operation

The 2MWp floating solar plant in Albania, developed by Europe’s largest renewable energy generator Statkraft, has started producing renewable energy and injecting it to the Albanian electricity grid following the installation of three new floaters.

about 3 years ago

Lithuania’s Klaipeda LNG terminal suspends acceptance of Russian cargoes

Outlook & Strategy

Lithuania’s Energy Ministry sends Letter of Expectation to Klaipedos Nafta

AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares. According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enable

about 3 years ago

The plan for floating solar units at Ammerseewerke wastewater plant (Courtesy of SINN Power)

Outlook & Strategy

SINN Power outlines plans for floating solar plant in Germany

SINN Power, a German-based developer of floating renewable energy platform solutions, has put forward a plan to build a floating solar power plant in Eching am Ammersee, south-east Germany.

about 3 years ago

Illustration; Source: North Sea Transition Authority

Outlook & Strategy

Instead of killing ‘the golden goose,’ UK politicians urged to work with oil & gas industry for balanced transition

The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.

about 3 years ago

Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier

Outlook & Strategy

History written offshore Denmark: First CO2 storage in the North Sea

INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in

about 3 years ago

Outlook & Strategy

Performance Shipping orders LNG-ready LR2 Aframax

Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo

about 3 years ago

Rotary Wave's wave energy device (Courtesy of Valencia City Council)

Outlook & Strategy

Wave energy device set to light up seafront of Valencia

A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.

about 3 years ago

Outlook & Strategy

Conversion to methanol: The engine is the easy part

Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has

about 3 years ago

Outlook & Strategy

Fund application to kickstart Dutch electrolyser manufacturing industry

The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has submitted a plan to Dutch MPs Bontenbal, Boucke, and Erkens to kickstart the electrolyser manufacturing industry and thus accelerate the hydrogen economy. According to the Port of Rotterdam, the plan, which ensures that the

about 3 years ago

The rendering of the SEAVOLT offshore solar platform (Courtesy of SEAVOLT project)

Outlook & Strategy

Belgian partners present new offshore solar technology

Jan De Nul, Tractebel, and DEME have jointly developed a new offshore floating solar technology, said to be capable of operating in harsh marine conditions and in combination with offshore wind farms.

about 3 years ago

Outlook & Strategy

Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn

Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.

about 3 years ago

Outlook & Strategy

LNG-powered Sun Princess hits the water at Fincantieri

Italian shipbuilder Fincantieri has launched Sun Princess at its yard in Monfalcone, the first of two LNG-powered cruise ships being built for Princess Cruises, an American cruise line owned by Carnival Corporation. With 175,500 gross tons, Sun Princess is the largest ship built in Italy so far, as

about 3 years ago

Illustration/CorPower Ocean's wave energy farm (Courtesy of CorPower Ocean)

Outlook & Strategy

Wave energy to play instrumental role in heavy industry decarbonization, study finds

A new study has revealed that wave energy can play an instrumental role in the decarbonization of the steel manufacturing industry, which accounts for around 7% of global greenhouse emissions.

about 3 years ago