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Outlook & Strategy

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Sungrow wins L&T supply contract for NEOM green hydrogen project
Outlook & Strategy

Sungrow wins L&T supply contract for NEOM green hydrogen project

Sungrow, a global inverter and energy storage system solution supplier, has signed a contract with Indian Larsen & Toubro (L&T) to supply inverter skid solutions for a 2.2 GWac PV plant for the NEOM green hydrogen project in Saudi Arabia. NEOM Green Hydrogen Company (NGHC), a joint venture created b

about 3 years ago
methanol powered tanker
Outlook & Strategy

July orders propel methanol past 200 ships mark

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According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed

about 3 years ago
maersk
Outlook & Strategy

Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom

As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit

about 3 years ago
oil spill response
Outlook & Strategy

Gibraltar bunker spill highlights the urgency to break free from fossil fuels. But how safe are the alternatives?

Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info

about 3 years ago
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Outlook & Strategy

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago
There is NO time for antagonism among marine fuel proponents
Outlook & Strategy

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago
The North Field off Qatar; Source: Qatargas
Outlook & Strategy

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
seafarers
Outlook & Strategy

Record high officer supply shortfall threatens manning costs, warns Drewry

Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by shipping consultancy Drewry. The 2023 officer availability gap has widened to a deficit equating to abo

about 3 years ago
FSO Safer
Outlook & Strategy

Long-awaited oil removal from ‘ticking bomb’ FSO Safer kicks off in Red Sea

The much-anticipated removal of more than 1 million barrels of oil from the decaying FSO Safer off Yemen’s Red Sea coast started today. The ship-to-ship transfer of oil to the replacement tanker Yemen, formerly known as Nautica, which arrived in Yemen a few days ago, is expected to last 19 days. The

about 3 years ago
MoU signing ceremony between WPDA and Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum (Courtesy of WPDA)
Outlook & Strategy

UAE company eyes floating solar opportunities in Pakistan

The Water and Power Development Authority of Pakistan (WAPDA) has signed two memorandums of understanding (MoU) with the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum of United Arab Emirates for capacity enhancement of existing small hydroelectric power plants and the developm

about 3 years ago
CEM adopts new initiative for scaling low-carbon fuel production
Outlook & Strategy

CEM adopts new initiative for scaling low-carbon fuel production

The Clean Energy Marine Hubs Initiative (CEM-Hubs), the first-of-its-kind platform that brings together the private sector and governments across the energy-maritime value chain to transform maritime transportation and production hubs for future low-carbon fuels, has been adopted by the Clean Energy

about 3 years ago
ADNOC Gas inks $7-9 billion LNG supply deal with Indian Oil Corporation
Outlook & Strategy

ADNOC Gas inks $7-9 billion LNG supply deal with Indian Oil Corporation

UAE’s ADNOC Gas, an integrated gas processing company, has signed a 14-year supply agreement with the Indian Oil Corporation (IOCL) for the export of up to 1.2 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). According to ADNOC Gas, the agreement, valued in the range of $7 billi

about 3 years ago
LNG is cheaper than VLSFO, Sea Intelligence says
Outlook & Strategy

LNG is cheaper than VLSFO, Sea Intelligence says

Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee

about 3 years ago
JERA and PIF unite for development of green H2 projects and derivatives
Outlook & Strategy

JERA and PIF unite for development of green H2 projects and derivatives

Japan’s energy major JERA and Saudi Arabia’s Public Investment Fund (PIF) have signed a Memorandum of Understanding (MoU), which is set to drive cooperation between the two parties, to explore opportunities for the development of green hydrogen projects and derivatives. Specifically, according to JE

about 3 years ago