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Outlook & Strategy

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Lloyd’s Register to class North Star’s two VARD-built methanol-ready CSOVs
Outlook & Strategy

Lloyd’s Register to class North Star’s two VARD-built methanol-ready CSOVs

Lloyd’s Register (LR), the UK’s classification society, has been awarded a contract to class two methanol-ready commissioning service operations vessels (CSOVs) being built by VARD, a global designer and shipbuilder of specialized vessels, for North Star, the UK’s offshore infrastructure support ves

about 3 years ago
Bureau Veritas
Outlook & Strategy

Sea Forrest wins BV approval for marine battery system

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Singapore-based provider of marine electric propulsion and energy management solutions Sea Forrest (SF) has obtained type approval from Bureau Veritas (BV) for its SEAGEN 11 marine propulsion battery module system. SEAGEN 11 is the first marinized lithium-ion battery system for marine propulsion to

about 3 years ago
First Dutch large-scale CCS project to sport MAN technology
Outlook & Strategy

First Dutch large-scale CCS project to sport MAN technology

Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte

about 3 years ago
Saudi Arabia and Korea shake hands on clean hydrogen cooperation
Outlook & Strategy

Saudi Arabia and Korea shake hands on clean hydrogen cooperation

Korea’s Ministry of Trade, Industry and Energy (MOTIE), energy institutions, and companies have signed two agreements and five memorandums of understanding (MoUs) with their Saudi counterparts to widen clean hydrogen cooperation. The agreements and MoUs were signed on October 22 on the occasion of t

about 3 years ago
TotalEnergies commissions LNG FSRU in Le Havre
Outlook & Strategy

TotalEnergies commissions LNG FSRU in Le Havre

France-headquartered energy major TotalEnergies has announced the commissioning of the Cape Ann, the floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The company informed that the terminal injected its first megawatt-hours (MWh) of gas

about 3 years ago
Eni secures additional volumes of LNG from Indonesia
Outlook & Strategy

Eni secures additional volumes of LNG from Indonesia

Italy’s energy giant Eni has signed a sales and purchase (SPA) agreement with Indonesia’s Merakes LNG Sellers to secure additional 0.8 billion cubic meters (bcm) per year of LNG. The agreement comes into effect in January 2024 and will run for three years, in addition to the contract with Jangkrik L

about 3 years ago
Rystad Energy says ramp up of investments needed to meet net-zero targets, despite snowball effect of CCS to build over 10 times by 2030
Outlook & Strategy

Northern Lights CEO: We are making CCS viable

The carbon capture and storage (CCS) business has been facing strong headwinds on its journey to becoming a feasible lever for hard-to-abate sectors to decarbonize. The role of carbon capture is increasingly gaining prominence as governments come to realize that renewable energy alone cannot provide

about 3 years ago
Yara and Navigator secure stake in ammonia bunkering startup Azane
Outlook & Strategy

Yara and Navigator secure stake in ammonia bunkering startup Azane

Yara Growth Ventures, the venture investment arm of Norwegian Yara International, and UK-headquartered Navigator Holdings have each acquired a 14.5% interest in the Norwegian ammonia bunkering startup Azane Fuel Solutions. The companies led an investment round of €5.4 million in Azane to commence co

about 3 years ago
Vår Energi and Equinor agree on gas export solution offshore Norway
Outlook & Strategy

Vår Energi and Equinor agree on gas export solution offshore Norway

Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8

about 3 years ago
Brazil’s Ceara state plans green ammonia facility at Pecém port
Outlook & Strategy

Brazil’s Ceara state plans green ammonia facility at Pecém port

Brazil’s Ceara state government and GoVerde Energia & Apollo Asset have signed a memorandum of understanding (MoU) with the aim of producing solar energy and green ammonia at the port of Pecém. The MoU was signed ahead of the second annual conference World Hydrogen Latin America which is scheduled t

about 3 years ago
© Copyright Louis Dreyfus Armateurs / Airbus
Outlook & Strategy

Louis Dreyfus Armateurs to build three wind-assisted RoRos for Airbus

European aerospace giant Airbus has selected French maritime firm Louis Dreyfus Armateurs (LDA) to renew its fleet of chartered vessels with three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. Airbus has commissioned LDA to build, own, and operate these new vessels th

about 3 years ago
EU reaffirms CCS crucial to achieving climate targets
Outlook & Strategy

EU reaffirms CCS crucial to achieving climate targets

The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th

about 3 years ago
Port of Los Angeles, California
Outlook & Strategy

Ports of Los Angeles and Guangzhou forge ties on green shipping corridor

The Port of Los Angeles and Port of Guangzhou, China, signed a Memorandum of Understanding (MOU) to bolster cooperation on the development of digital supply chain infrastructure, creation of a Trans-pacific Green Shipping Corridor between the two ports, and other sustainability initiatives to reduce

about 3 years ago
Sembcorp and PT PLN join forces on hydrogen production and export
Outlook & Strategy

Sembcorp and PT PLN join forces on hydrogen production and export

Singapore’s Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries, and Indonesian state-owned utility company PT PLN (Persero) have signed a joint development study agreement to explore the feasibility of green hydrogen production in Indonesia for export to Singapore. According to Sem

about 3 years ago