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Outlook & Strategy

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The AR1500 tidal turbine (Courtesy of SIMEC Atlantis)
Outlook & Strategy

MeyGen sets record with world’s first 50GWh of electricity generated by tidal energy

The MeyGen tidal energy project, developed by SIMEC Atlantis Energy, has become the first tidal stream array in the world to generate 50GWh of clean electricity from tidal energy.

about 3 years ago
DNV proceeds with offshore hydrogen pipeline joint industry project
Outlook & Strategy

DNV proceeds with offshore hydrogen pipeline joint industry project

DNV is launching the second phase of a joint industry project (JIP) aiming to develop the first guideline for the transport of hydrogen in existing and new offshore pipelines. The second phase of the H2Pipe project will see the development of a new code for the design, re-qualification, construction

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about 3 years ago
SEFE Securing Energy for Europe has new leadership team
Outlook & Strategy

SEFE Securing Energy for Europe has new leadership team

Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, has appointed Chief Executive Officer (CEO), Chief Commercial Officer (CCO) and Chief Sales Officer (CSO) to fill key positions in its new leadership model. SEFE said that the new appointments are the result of the company’s

about 3 years ago
Shipping; Illustration
Outlook & Strategy

Shipping industry urges UN to evacuate 300+ seafarers still trapped in Ukrainian ports

Over 30 maritime organisations and companies are urging the United Nations Secretary-General to prioritise the immediate release of the 331 seafarers and 62 ships that remain trapped in Ukrainian ports. Since the onset of the war, the international shipping community has continually called for the i

about 3 years ago
Marine hydrogen powertrain solution
Outlook & Strategy

Zero-emission liquid hydrogen marine powertrain system in the making

British maritime enterprises Krensen, Trident Marine Electrical, and ACUA Ocean have joined forces to develop a zero-emission liquid hydrogen marine powertrain system. The partnership brings together Krensen’s expertise in electric and hybrid marine propulsion technologies, Trident Marines’ experien

about 3 years ago
Tripartite partnership pursuing European carbon capture and storage value chain
Outlook & Strategy

Tripartite partnership pursuing European carbon capture and storage value chain

Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with E.ON for the development of a European carbon capture and storage (CCS) value chain. With the agreement, Horisont Energi aims to strengthen the existing cooperation with E.ON, and by bringing in Errai partner Nep

about 3 years ago
Höegh LNG buys CoolCo’s LNG carrier, eyes FSRU conversion opportunities
Outlook & Strategy

Höegh LNG buys CoolCo’s LNG carrier, eyes FSRU conversion opportunities

Norwegian shipping company Höegh LNG has entered into an agreement with Cool Company (CoolCo) to acquire the 2013-built LNG carrier Golar Seal. Under the agreement, Höegh LNG will buy the carrier with 160,000 cbm capacity for $184.3 million. The transaction is expected to close on the redelivery of

about 3 years ago
CMA CGM Marco Polo
Outlook & Strategy

CMA CGM trials a windshield on board its boxship to cut emissions

French container shipping major CMA CGM has equipped its ultra-large containership CMA CGM Marco Polo with a new windshield prototype. The device improves a vessel’s aerodynamics resulting in lower fuel consumption and thus contributing to a lower carbon footprint of the vessel, the shipowner said.

about 3 years ago
Biofuels
Outlook & Strategy

Biofuels: the low-hanging fruits ensnared in policy gaps

Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.

about 3 years ago
Scotland and Singapore sign hydrogen MoU
Outlook & Strategy

Scotland and Singapore sign hydrogen MoU

The Scottish Hydrogen and Fuel Cell Association (SHFCA) and its Singaporean counterpart, the Hydrogen and Fuel Cell Association of Singapore (HFCAS), have signed a Memorandum of Understanding (MoU) that will see the organisations work together to promote mutually beneficial hydrogen and fuel cell te

about 3 years ago
Wan Hai
Outlook & Strategy

Elegant Exit Company buys Wan Hai veteran for green recycling

Netherlands-based Elegant Exit Company (EEC) has acquired the Wan Hai 165, a containership built in 1998, from Taiwanese shipping company Wan Hai Lines. The vessel was put up for demolition sale as part of a wider bidding process Wan Hai launched at the end of last year covering ten end-of-life cont

about 3 years ago
Prysmian begins construction of new cable-laying vessel
Outlook & Strategy

Prysmian begins construction of new cable-laying vessel

Prysmian has kicked off the construction of its new cable-laying vessel with a steel-cutting ceremony at VARD’s shipyard in Romania. The construction of the sister vessel to cable-layer Leonardo da Vinci began on 16 February at Vard Tulcea in Romania. “Prysmian Group had the honor of hitting the but

about 3 years ago
OEG Offshore makes multi-million investment to pursue net zero ambitions
Outlook & Strategy

OEG Offshore makes multi-million investment to pursue net zero ambitions

OEG Offshore has made a multi-million investment in SEAJET Systems, the developer of a trailblazing electric subsea excavation solution that is said to reduce CO2 footprint by 40 per cent. OEG Offshore said that the commitment to SEAJET is a further development in its move into the clean-tech sector

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

Big oil to keep capital investment taps closed despite collecting $283 bln in 2022, says Westwood

Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.

about 3 years ago