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Outlook & Strategy

Updated converter station plan for UK-France interconnector gets OK

The FAB interconnector that will link Great Britain and France has received updated planning permission for its converter station in the UK. The FAB Project will link the national electricity grids of Great Britain and France with the aim of increasing energy security, equalising electricity prices

about 3 years ago

Marine Energy Wales and Renewable UK Cymru sign MoU (Courtesy of Marine Energy Wales)

Outlook & Strategy

Welsh renewables organizations strengthen ties

Marine Energy Wales and Renewable UK Cymru have signed a memorandum of understanding, outlining their commitment to work together to accelerate the clean transition in Wales.

about 3 years ago

Outlook & Strategy

Weatherford and Honeywell speed up decarbonization journey with emissions management solution

Weatherford International has joined forces with Honeywell to deliver a combined suite of tools for advanced emissions management to accelerate their customers’ decarbonization strategy.

about 3 years ago

50Hertz award brings NKT's order backlog to record €11 billion

Outlook & Strategy

50Hertz award brings NKT’s high-voltage order backlog to record €11 billion

Denmark-headquartered cable supplier NKT has reported a new record high-voltage order backlog of €11 billion for the third quarter of 2023, driven by the award of five firm projects under a larger framework agreement with German transmission system operator 50Hertz. In Q3 2023, NKT’s revenues increa

about 3 years ago

Outlook & Strategy

Baker Hughes and Wison to jointly explore future FLNG and LNG opportunities

Energy tech major Baker Hughes and Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM) have signed a memorandum of understanding (MoU) to collaborate on future offshore floating LNG (FLNG) and onshore LNG projects. The parties signed the MoU on November 5, 2023, at the Chin

about 3 years ago

NFE teams up with Plug Power for green hydrogen plant on Gulf Coast

Outlook & Strategy

NFE closes asset-based financing to fully fund its Barcarena power plant

U.S. energy infrastructure company New Fortress Energy (NFE) has executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset

about 3 years ago

Outlook & Strategy

International Seaways brings its LNG-ready LR1 newbuild tally to four

New York-based tanker company International Seaways has exercised options for two scrubber-fitted, LNG dual-fuel ready LR1 vessels at Korean shipbuilder K Shipbuilding Co. The options were lifted in October bringing the ordering tally to four LR1 newbuilds at the yard worth approximately $231 millio

about 3 years ago

Outlook & Strategy

Denmark wants to be the ‘leading green country’ in maritime area

The Danish government has presented its 2030 plan for the Danish economy outlining the ambition to maintain and expand its position as a “leading green country” in the maritime area.

about 3 years ago

Outlook & Strategy

ZDS: German seaports are well-positioned to be carbon management hubs

German seaports believe they are well-positioned to be used as hubs for carbon management as part of the energy transition and a CO2 circular economy. However, they demand ‘a clear commitment’ from the federal government.

about 3 years ago

Outlook & Strategy

MAN to power Wallenius Wilhelmsen’s methanol dual-fuel car carriers

Norwegian shipping and logistic company Wallenius Wilhelmsen has ordered four methanol dual-fuel marine engines from German engine manufacturer MAN Energy Solutions. The engines are intended for the recently confirmed four 9,300 car equivalent unit (CEU) car carriers that will be built in China at t

about 3 years ago

Haugaland Næringspark in Gismarvik in Norway (Courtesy of Sunlit Sea)

Outlook & Strategy

Norwegian companies join forces for floating solar and EV charging

Sunlit Sea, in collaboration with Endra and Ev Powercharge, has been granted support to test a floating solar installation that will feature fast electric vehicle charging in Norway.

about 3 years ago

AD Ports buys 10 vessels in $200 million deal

Outlook & Strategy

AD Ports buys 10 vessels for $200 million

UAE-based AD Ports Group has acquired ten vessels for around $200 million, representing a circa 20% increase in offshore and subsea capacity for the company’s Middle East and Southeast Asia operations. The vessels, bought from offshore supply vessel owner and operator E-NAV, are said to make a well-

about 3 years ago

Outlook & Strategy

Cargill joins global trade association for methanol industry

Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shi

about 3 years ago

Svanehøj hits record in orders due to LNG-fueled newbuilds increase

Outlook & Strategy

ITT set to acquire Danish pump specialist Svanehøj

Danish marine pump specialist Svanehøj Group revealed that it is being acquired by ITT Inc., a U.S.-based multi-industrial company, which is expanding its presence in the growing market for liquefied gas. Svanehøj specializes in the supply of marine fuel and cargo pumps, along with LNG/LPG tank gaug

about 3 years ago