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Outlook & Strategy

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Bord Gáis Energy joins ESB and dCarbonX on green hydrogen storage project
Outlook & Strategy

Bord Gáis Energy joins ESB and dCarbonX on green hydrogen storage project

Bord Gáis Energy, part of Centrica plc, has joined ESB and dCarbonX on the Kestrel project which proposes the re-development of decommissioned gas reservoirs at the Kinsale Head gas field offshore Ireland for large-scale green hydrogen storage. ESB and dCarbonX, an associate company to Snam, have be

about 3 years ago
Damen
Outlook & Strategy

Dutch govt, maritime sector pledge €60 million to turbocharge shipbuilding innovation

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The Dutch government has launched a sweeping maritime manufacturing industrial policy in collaboration with the maritime sector, aimed at driving the transition to cleaner energy and ensuring economic and military security. The effort, unveiled in Rotterdam on October 26, sets the stage for a joint

about 3 years ago
Mitsui invests $7 million in Norwegian Hydrogen
Outlook & Strategy

Fortescue to acquire 12.5% ownership interest in Norwegian Hydrogen

Fortescue, a global green energy, metals and technology company, has invested close to NOK 100 million ($8.9 million) to become a shareholder in Norwegian Hydrogen. The investment will see Fortescue acquire a 12.5% ownership interest in Norwegian Hydrogen, becoming the third largest shareholder. For

about 3 years ago
Report: Shell to cut low-carbon jobs and scale back hydrogen business
Outlook & Strategy

Report: Shell to cut low-carbon jobs and scale back hydrogen business

According to news agency Reuters, energy major Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits. The staff cuts and organizational changes come after Sawan, appointed as CEO in Ja

about 3 years ago
Seaspan
Outlook & Strategy

Electrifying Debut: HaiSea Wamis completes its 1st tanker escort with full electric power

The fully electric harbor tugboat, the HaiSea Wamis, has accomplished its inaugural task, completing its first-ever oil tanker escort using all electric power, and heralding a new era of eco-friendly ship escorts. The HaiSea Wamis, a pioneering vessel in HaiSea Marine’s fleet, played a pivotal role

about 3 years ago
Winners of Denmark’s first PtX tender to build over 280 MW of electrolysis capacity
Outlook & Strategy

Winners of Denmark’s first PtX tender to build over 280 MW of electrolysis capacity

The Danish Energy Agency has closed the first Power-to-X tender, revealing six winning project divided between four companies. The selected six projects will together build over 280 MW of electrolysis capacity. The tender was launched in April and was open until September 1, 2023. Through the tender

about 3 years ago
Venice Energy speeds up Outer Harbor LNG construction
Outlook & Strategy

Venice Energy inks exclusivity deal for use of Outer Harbor LNG terminal

Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the

about 3 years ago
Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply
Outlook & Strategy

Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply

Norwegian clean energy company Horisont Energi has signed a Letter of Intent (LoI) with its compatriot Barents NaturGass for a long-term purchase agreement of up to 100,000 tons annually of clean ammonia from Horisont Energi’s and Fertiberia’s Barents Blue plant. Under the LoI, the two companies wil

about 3 years ago
Allseas unveils new pipelaying barge
Outlook & Strategy

Allseas unveils new pipelaying barge

Allseas has inaugurated its new barge for shallow water offshore construction activities in Singapore, following upgrading activities. Sandpiper is a flat-bottom, anchored barge that Allseas purchased last year and upgraded in 2022/23 for pipelaying activities. The barge is equipped with a ten-point

about 3 years ago
CSSC Guangxi Shipbuilding manisa
Outlook & Strategy

Manisa orders up to 8 cargo ships from CSSC Guangxi Shipbuilding

Italian shipping company Manisa Chartering has entered into a contract with China State Shipbuilding Corporation’s Guangxi Shipbuilding and Offshore Engineering for the construction of up to eight 8,500-ton general cargo ships. This deal represents the most significant export order for shipbuilding

about 3 years ago
Financing secured for ARO Drilling's two new jack-up rigs
Outlook & Strategy

Financing secured for ARO Drilling’s two new jack-up rigs

ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will

about 3 years ago
Validation of dynamic flights during sea trials of the Seawing system on the Ville de Bordeaux (Photo credit: PolaRYSE / Airseas)
Outlook & Strategy

WATCH: Airseas reveals 16% fuel and emissions cuts in automated dynamic flight

Wind propulsion specialist Airseas announced that its latest sea trials have revealed projected fuel and emissions reductions of 16% based on a normalized transatlantic voyage. The projections are based on traction data collected during the validation of automated dynamic flights of the Seawing, whe

about 3 years ago
DP World
Outlook & Strategy

APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:

about 3 years ago
Preventing subsea cable failure could save millions for offshore wind industry, IMCA says
Outlook & Strategy

New code of practice aims to slash subsea cable failures

The International Marine Contractors Association (IMCA) has issued a new Code of Practice with the aim of improving subsea power cable installation in offshore wind by preventing cable failure and thus enabling savings for the offshore wind industry. The Code of Practice for Offshore Cable Laying in

about 3 years ago