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Outlook & Strategy

Everfuel and Greenstat enter lease agreement with Elkem for Hydrogen Hub Agder

Via a project company Everfuel Greenstat Production 1 AS, Danish hydrogen fuel company Everfuel and Norwegian energy company Greenstat have signed an agreement with Norwegian producer Elkem for the long-term lease of land in the Fiskaa industrial area in Kristiansand, Norway, for the construction of

about 3 years ago

Outlook & Strategy

Subsea link to Orkney steps closer to reality

UK energy market regulator Ofgem has provisionally approved SSEN Transmission’s plans to develop a subsea electricity transmission link to Orkney. SSEN Transmission submitted investment plans to Ofgem in March 2018 to build a new subsea transmission link to provide the additional capacity needed to

about 3 years ago

Outlook & Strategy

Spain-France subsea interconnector to be developed in spite of ‘sharp’ rise in prices

The Spanish regulatory authority the Comisión Nacional de los Mercados y la Competencia (CNMC) and the French counterpart the Commission de régulation de l’énergie (CRE) have reached an agreement on the distribution of financing for the electricity interconnector that will link France and Spain taki

about 3 years ago

Kristine Bangstad Fredriksen, Ocean Oasis co-founder and CEO (Courtesy of Ocean Oasis)

Outlook & Strategy

Ocean Oasis raises capital to advance wave energy driven-desalination tech

Norwegian company Ocean Oasis has secured funding from the existing and new investors that will be used to further develop its wave energy-driven desalination technology.

about 3 years ago

Outlook & Strategy

Saipem and CTCI commission Nong Fab LNG terminal in Thailand

Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from

about 3 years ago

Outlook & Strategy

Van Oord enters partnership for uncrewed remote operations

Van Oord and Demcon unmanned systems have signed a strategic partnership agreement to collaborate in accelerating the developments in the field of uncrewed remote operations for marine purposes. The two companies have already collaborated for several years in the field of uncrewed surface vessel (US

about 3 years ago

Neptune Energy commits to Extractive Industries Transparency Initiative

Outlook & Strategy

Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources

Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on

about 3 years ago

Illustration (Screenshot/Video by TotalEnergies)

Outlook & Strategy

TotalEnergies, Holcim Belgium probe floating solar for heavy industry decarbonization

TotalEnergies and Holcim Belgium have taken the first step towards decarbonization of Obourg cement plant in Belgium with the development of a floating solar farm that will supply clean power for the facility.

about 3 years ago

Outlook & Strategy

Subsea 7 sees highest order intake in last 9 years

Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is

about 3 years ago

CorPower's C4 wave energy device ahead of deployment off Portugal (Courtesy of CorPower Ocean)

Outlook & Strategy

CorPower wraps up preparatory trials ahead of C4 wave energy device deployment

Swedish company CorPower Ocean has completed load-out and towing trials for its C4 wave energy device, ahead of upcoming deployment offshore Portugal.

about 3 years ago

Petrofac extends collaboration with Scottish repair, inspection and integrity solutions provider

Outlook & Strategy

Petrofac extends collaboration with Scottish repair and inspection solutions provider

Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe

about 3 years ago

Outlook & Strategy

Conversion works on Greece’s first FSRU start at Keppel shipyard

Conversion of GasLog’s DNV-classed LNG carrier Gaslog Chelsea, which was recently renamed as Alexandroupolis, to a floating storage regasification unit (FSRU) has kicked off at the Keppel shipyard in Singapore. This marks the beginning of the work to develop Greece’s first FSRU which will serve as a

about 3 years ago

Outlook & Strategy

New partnership targets cutting costs of carbon capture and storage infrastructure

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Outlook & Strategy

EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies

The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.

about 3 years ago