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Outlook & Strategy

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Outlook & Strategy

CMA CGM launches €200 mln call for decarbonization projects

French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi

about 3 years ago

Outlook & Strategy

Equinor advances its low-carbon hydrogen project with major FEED contract in place

Norwegian energy giant Equinor has selected units of German engineering company Linde for front-end engineering design (FEED) work and operation and maintenance of its large-scale low-carbon hydrogen plant in the UK. Equinor’s UK project, named Hydrogen to Humber Saltend (H2H Saltend), is a 600-mega

about 3 years ago

Outlook & Strategy

Euronav presses ahead with arbitration against Frontline

Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated

about 3 years ago

Outlook & Strategy

Shell embarks on a performance improvement mission by merging business segments

Shell has unveiled a simplified organisational structure and executive committee and directorate changes to enhance performance.

about 3 years ago

Outlook & Strategy

In focus: European countries keeping pace with the hydrogen uptick

A closer look at this week’s highlights of the latest energy transition-related news gives us an insight into what the future may hold for the sector. With the world’s energy security at the top of nations’ agendas, more and more countries around the world are preparing to shift to renewable energy

about 3 years ago

Outlook & Strategy

License renewal in place for Serica’s North Sea gas field

UK-based oil and gas company Serica Energy has received a renewed license and secondary sanctions assurance from the U.S. Office of Foreign Assets Control (OFAC) for the Rhum field in the North Sea, in which the company has a 50 per cent interest. The license and assurance are set to allow certain U

about 3 years ago

Illustration/MPS’ PelaGen wave energy device (Courtesy of MPS)

Outlook & Strategy

Marine Power Systems seeks consultant for final evaluation of WaveSub

Welsh company Marine Power Systems (MPS) is looking to appoint a suitably qualified consultant to undertake a final evaluation of the full-scale WaveSub wave energy converter prototype operation.

about 3 years ago

Outlook & Strategy

Germany and Australia to strengthen energy cooperation

Germany’s Federal Minister for Economic Affairs and Climate Protection and Vice-Chancellor Robert Habeck and the Australian Minister for Energy and Climate Protection Chris Bowen have agreed to intensify cooperation between the two countries in the area of climate and energy. The focal points of t

about 3 years ago

Outlook & Strategy

World’s 1st circular ship dismantling yard pushes ahead with the demonstration phase

Dutch startup Circular Maritime Technologies (CMT) has received a cheque for the €1.7 million grant from the Kansen voor West subsidy program, which is largely financed by the European Regional Development Fund. The company said that the financing would be used for the first steps of CMI’s test and

about 3 years ago

Outlook & Strategy

Greek firm to deliver pipe for Mediterranean gas field optimization project

Chevron Mediterranean Limited has awarded Corinth Pipeworks with a contract to deliver approximately 155 kilometers of steel pipes for a gas field optimization development in the Southeastern Mediterranean. Under the contract, the Greek company will manufacture and supply approximately 155 kilometer

about 3 years ago

Outlook & Strategy

Danish firm lands long-term gig on Norwegian Continental Shelf

Equinor has handed out a long-term deal to Semco Maritime for the provision of temporary staffing services for offshore nurses on the NCS.

about 3 years ago

Outlook & Strategy

H2Carrier joins Ocean Hyway Cluster

Norway’s network for hydrogen-based solutions for the maritime sector Ocean Hyway Cluster has welcomed H2Carrier AS, the designer and owner of the proprietary floating energy production and storage system P2XFloater™, to its cluster. During the chat with the Cluster, Sebastian Kihle, Chief Technolog

about 3 years ago

2023 to be a busy year for offshore rigs, pushing utilisation and day rates up, says Westwood

Outlook & Strategy

Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates

Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.

about 3 years ago

Scale model of OceanEnergy’s OE35 wave energy device (Courtesy of OceanEnergy)

Outlook & Strategy

WEDUSEA wave energy project makes design and engineering progress

The partners in the €19.6 million WEDUSEA wave energy project have made significant progress in the engineering and design scope of development, building on learnings from previous wave energy initiatives.

about 3 years ago