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Render of GKinetic’s three-unit deployment at Thomond Weir (Courtesy of GKinetic)

Outlook & Strategy

GKinetic secures planning permission for hydrokinetic turbine array in Ireland

Limerick City and County Council has granted planning permission to local clean energy developer GKinetic to deploy three of its hydrokinetic turbines just upstream of Thomond Weir in the heart of Limerick City in Ireland.

about 3 years ago

Outlook & Strategy

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago

Deepsea Nordkapp rig; Source: Odfjell Drilling

Outlook & Strategy

On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade

Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.

about 3 years ago

Outlook & Strategy

Urgent need for change in ship recycling sector: 80% of ships scrapped on South Asian beaches

A total of 443 ocean-going commercial ships and offshore units were sold for scrapping in 2022, data from NGO Shipbreaking Platform shows. Of these, 292 large tankers, bulkers, floating platforms, cargo- and passenger ships ended up for dirty and dangerous breaking on tidal beaches in Bangladesh, In

about 3 years ago

Outlook & Strategy

Euronav says ousting of entire Supervisory Board not a good idea

Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m

about 3 years ago

Outlook & Strategy

Equinor and Engie press ahead with H2BE hydrogen project in Belgium

Norwegian energy giant Equinor and French utility company Engie have decided to sign a joint development agreement (JDA) to progress their H2BE low-carbon hydrogen project to the next phase. Equinor and Engie first announced their 1 GW H2BE project, which aims to develop the production of low-carbon

about 3 years ago

Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum

Outlook & Strategy

EU’s Green Deal Industrial Plan sets the stage for faster green transition of shipping

The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie

about 3 years ago

Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)

Outlook & Strategy

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago

Outlook & Strategy

OEUK calls for more action to help accelerate shift to low carbon energy

Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover

about 3 years ago

UK regulator launches consultation on new carbon storage data powers

Outlook & Strategy

UK NSTA creates carbon transportation and storage team

In response to the rapid growth of the carbon capture and storage industry, UK’s North Sea Transition Authority (NSTA) has set up a dedicated carbon transportation and storage team. The team, which supplements NSTA’s established exploration and new ventures team, will oversee the delivery of offshor

about 3 years ago

Outlook & Strategy

KSOE lands colossal order for 12 methanol-powered boxships

South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor

about 3 years ago

Outlook & Strategy

ForestWave takes over Symphony Shipping and its Ecobox fleet

Groningen-based shipping company ForestWave has completed the acquisition of Symphony Shipping and its fleet of eight Ecobox vessels. The transaction pushes its owned fleet to 24 units with a total of 248.197 dwat, including three newbuilding vessels that will be delivered in the next two years. One

about 3 years ago

Outlook & Strategy

IDTechEx predicts rapid adoption of green fuel cells in marine markets

In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris

about 3 years ago

Outlook & Strategy

PSV to undergo conversion to back subsea and decommissioning activities

Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore

about 3 years ago