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Outlook & Strategy

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Wavepiston’s wave energy technology (Courtesy of Wavepiston)
Outlook & Strategy

Wavepiston launches €1.4 million crowdfunding campaign

Danish company Wavepiston has opened a second round of equity crowdfunding as it aims to finance the final stages of demonstration and commercialization of its wave energy technology.

about 3 years ago
Illustration (Courtesy of EMEC/Copyright Alstom/Archive)
Outlook & Strategy

Tidal stream power could significantly enhance energy security, research finds

Adopting tidal power alongside other forms of renewable energy can significantly enhance energy security and go some way to enabling communities to fulfil their clean energy ambitions, a new study has shown.

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about 3 years ago
EURONAV
Outlook & Strategy

Euronav comes out with its own proposal for Supervisory Board changes

Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built

about 3 years ago
GlobalData: Hydrogen market to witness growth surge in 2023
Outlook & Strategy

GlobalData: Hydrogen market to witness growth surge in 2023

Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Outlook & Strategy

Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

about 3 years ago
Clair Ridge platform; Source: BP
Outlook & Strategy

Offshore drillers embarking on strike action at BP’s two platforms in UK waters

UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.

about 3 years ago
CO2 injection systems soon to start running at Denmark's first carbon storage project
Outlook & Strategy

Denmark’s first CO2 storage project to soon begin commissioning tests

Offshore supply vessel Aurora Storm has left the Danish Port of Esbjerg towards the site of Project Greensand, allowing commissioning tests to soon begin at Denmark’s first CO2 storage project. According to the latest update from the project developer, Aurora Storm left the harbor in Esbjerg towards

about 3 years ago
Maersk
Outlook & Strategy

Maersk donates containers to serve as temporary housing for earthquake victims

Danish container shipping major Maersk is donating around 1,000 shipping containers to Türkiye to help those in need affected by the massive earthquake that hit Syria and Türkiye on February 6. The company said that the move follows close contact with the State Disaster and Emergency Management Auth

about 3 years ago
UK well construction cementing firm changes hands
Outlook & Strategy

UK well construction cementing firm changes hands

UK-headquartered energy services provider Expro is acquiring compatriot well construction cementing firm DeltaTek Global in order to broaden its offering, capabilities and technology portfolio. According to Expro’s Chief Technology Officer Steve Russell, the acquisition will expand Expro’s well cons

about 3 years ago
EIB joins IH2A, backs hydrogen projects in India
Outlook & Strategy

EIB joins IH2A, backs hydrogen projects in India

European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi

about 3 years ago
Boluda Towage
Outlook & Strategy

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
Svitzer
Outlook & Strategy

Svitzer appoints its 1st Global head of green ports

Global towage operator Svitzer, a part of A.P. Moller-Maersk, has appointed Australia Chief Commercial Officer Ivan Spanjic as Global Head of Green Ports. The company created the role recently to focus on unlocking value for partners across the marine supply chain, as the demand for green ports and

about 3 years ago
Gasum starts building new biogas plant in Sweden
Outlook & Strategy

Gasum starts building new biogas plant in Sweden

With final construction permits in place, Nordic energy company Gasum is starting the construction work on its latest biogas plant in Götene, Sweden, as the first in a line of strategic investments into increasing biogas availability. According to Gasum, the new plant will be producing 120 gigawatt

about 3 years ago
Finland adopts hydrogen resolution
Outlook & Strategy

Finland adopts hydrogen resolution

Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th

about 3 years ago