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Outlook & Strategy

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Fluxys LNG opens subscription window for commercialisation of berthing rights
Outlook & Strategy

Fluxys LNG opens subscription window for commercialisation of berthing rights

Fluxys LNG, a part of Belgian natural gas transmission operator Fluxys, has organised a subscription window for the commercialisation of berthing rights for the year 2023. According to Fluxys LNG, small-scale ship loading and unloading services were used more than ever and the market shows interest

about 3 years ago
Everfuel and Hy24 join hands for hydrogen infrastructure development
Outlook & Strategy

Everfuel and Hy24 join hands for hydrogen infrastructure development

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Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq

about 3 years ago
Sparrows Group
Outlook & Strategy

New appointment to assist Sparrows in boosting North Sea drilling services offering

Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.

about 3 years ago
Bulker
Outlook & Strategy

Belships adds three Ultramax newbuilds to its fleet

Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T

about 3 years ago
Noble Innovator jack-up rig; Source: Noble Corporation
Outlook & Strategy

Offshore drilling scene ‘very promising’ for Noble, as it works on bringing to life ‘leading’ market player

Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.

about 3 years ago
Cajun Sun
Outlook & Strategy

Cajun Sun concludes 1st-ever net-zero voyage fuelled by bio-methanol

The dual-fuel vessel Cajun Sun has completed the first-ever net-zero voyage fuelled by bio-methanol, Methanex Corporation (Methanex) and Mitsui O.S.K. Lines (MOL) revealed. The Cajun Sun, operated by Methanex’s subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar, U.S. on Jan

about 3 years ago
Peninsula starts supplying biofuels in the Strait of Gibraltar
Outlook & Strategy

Peninsula starts supplying biofuels in the Strait of Gibraltar

Marine fuel supplier Peninsula is commencing the supply of biofuels at its hub ports in the Strait of Gibraltar as part of its strategy to meet increased complexity in the marine fuel mix. Peninsula has recently received a permit from ISCC – International Sustainability and Carbon Certification rela

about 3 years ago
EU ETS
Outlook & Strategy

EU’s new wave of sanctions targets Russia’s Middle East shipping company

The EU has adopted a new package of sanctions against Russia and its supporters in response to Russia’s invasion of Ukraine. The tenth package of sanctions is being adopted as the world marks one year since Russia’s full-scale invasion of Ukraine and is targeting 121 entities and individuals. The pa

about 3 years ago
Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)
Outlook & Strategy

Havkraft forms partnership to bring wave energy to Oman

Norwegian company Havkraft has teamed up with a consultancy Translucidus to develop wave energy projects in Oman.

about 3 years ago
Subsea orders uplift TechnipFMC's backlog to $9.4 billion
Outlook & Strategy

Subsea orders uplift TechnipFMC’s backlog to $9.4 billion

TechnipFMC has reported full-year inbound orders of $8.1 billion for 2022, a 20 per cent increase compared to 2021, said to be driven by $6.7 billion in orders from the Subsea segment. In Q4 2022, the total company revenue was $1,694.4 million, with an adjusted EBITDA, which excludes pre-tax charges

about 3 years ago
Essar launches EET to drive energy transition in UK and India
Outlook & Strategy

Essar launches EET to drive energy transition in UK and India

Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon

about 3 years ago
Hapag-Lloyd
Outlook & Strategy

Shell to provide LNG for Hapag-Lloyd’s 23,500+ TEU newbuilds

German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi

about 3 years ago
Northern European partners hand in application for CO2 storage project off Norway
Outlook & Strategy

Northern European partners hand in application for CO2 storage off Norway

Neptune Energy, Sval Energi and Storegga have submitted an application for a CO2 storage project in the Norwegian North Sea which has the potential to store up to 225 million tonnes of CO2. The application was submitted to the Norwegian Ministry of Petroleum and Energy following the announcement of

about 3 years ago
SFC Energy and FC TecNrgy sign hydrogen and methanol agreement
Outlook & Strategy

SFC Energy and FC TecNrgy sign hydrogen and methanol agreement

SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa

about 3 years ago