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Outlook & Strategy

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QatarEnergy and Sinopec conclude 27-year LNG supply deal
Outlook & Strategy

QatarEnergy and Sinopec conclude 27-year LNG supply deal

Qatar’s state-owned oil and gas company QatarEnergy has signed a partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field South (NFS) expansion project. Furthermore, the two parties signed a long-term sales and purchase agreement (SPA) for the delivery of 3 million to

about 3 years ago
Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident
Outlook & Strategy

Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident

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Following rupture and shutdown of the Balticconnector gas pipeline in early October, Finland’s Inkoo FSRU terminal has received second LNG cargo from Gasum. According to Gasum, the cargo arrived on November 5 and unloading to the FSRU has started where the LNG will be regasified and fed into the Fin

about 3 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Outlook & Strategy

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 3 years ago
Following R&D program, NextGeo launches high-speed ROV
Outlook & Strategy

Following R&D program, NextGeo launches high-speed ROV

London-headquartered Next Geosolutions has launched a high-speed survey remotely operated vehicle (ROV), following a research and development program. HS-ROV Superior, a result of a collaboration between the company’s R&D and Technical Departments and high-tech ROV manufacturer Kystdesign, is a fast

about 3 years ago
Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership
Outlook & Strategy

Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership

The first phase of UK construction has been completed for the first-ever energy link between the UK and Germany, keeping the project on track. The construction milestone comes as NeuConnect Chair Julia Prescot joined the signing of a new UK-Germany Joint Declaration of Cooperation on Energy and Clim

about 3 years ago
Team Electric
Outlook & Strategy

Team Electric services picked for Polish hybrid ferries project

Team Electric has signed an agreement with Remontowa Shiprepair Yard to provide services for three Polsteam hybrid dual-fuel Ro-Paxes.

about 3 years ago
DAI to collaborate with Siemens Energy on green ammonia project in Egypt
Outlook & Strategy

DAI to collaborate with Siemens Energy on green ammonia project in Egypt

Following last year’s memorandum of understanding (MoU) with Suez Canal Economic Zone (SCZONE), German company DAI Infrastruktur has now joined forces with compatriot technology major Siemens Energy to develop its green ammonia project in East Port Said, Egypt. On October 30, 2023, DAI signed an MoU

about 3 years ago
Yara Eyde
Outlook & Strategy

In focus: Major renewable energy, clean fuel updates from the Nordic region

Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by

about 3 years ago
Methanol
Outlook & Strategy

14 methanol-powered ships ordered in October

A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw

about 3 years ago
Construction begins on Ireland-France interconnector
Outlook & Strategy

Construction begins on Ireland-France interconnector

Construction works have commenced on the Celtic Interconnector that will link Ireland and France. The project is being developed by the Irish transmission system operator (TSO) EirGrid and its French counterpart Réseau de Transport d’Electricité (RTE). EirGrid reported today, November 3, that constr

about 3 years ago
Ex-platform supplier ready for subsea operations
Outlook & Strategy

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 3 years ago
Value Maritime
Outlook & Strategy

Value Maritime inks first CCS review and approval for 4 new boxships

Dutch maritime technology company Value Maritime has signed its first CO2 capture and storage (CCS) review and approval for four newbuild container vessels with the US-based classification society the American Bureau of Shipping (ABS).

about 3 years ago
SAAM Towage
Outlook & Strategy

SAAM Towage’s electric tugs pass sea acceptance trials

The first electric tugs in SAAM Towage’s fleet, built by the Turkish shipyard Sanmar, passed the final sea acceptance trials and bollard pull tests in Istanbul’s Tuzla Bay, Chile-based tug provider said. At full capacity, the new ElectRA 2300SX units, designed by Canada-based Robert Allan Ltd., are

about 3 years ago
Yara Eyde
Outlook & Strategy

‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says

Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator

about 3 years ago