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Oceans of Energy's 0.5MW floating solar unit (Courtesy of Oceans of Energy)

Outlook & Strategy

Oceans of Energy gets Bureau Veritas’ nod of approval for offshore floating solar system

Certification group Bureau Veritas has issued a world’s first ‘approval in principle’ for a high-wave offshore solar farm system design to a Dutch-based company Oceans of Energy.

about 3 years ago

Outlook & Strategy

Prysmian’s Cable Enterprise begins installing Spanish interconnector

Prysmian Group’s cable-laying vessel Cable Enterprise has begun the cable-laying operations for a new submarine power interconnection in Spain. The Italian cabling giant reported on 9 January that the cable layer started work for the new electricity link between Ibiza and Formentera, awarded by Span

about 3 years ago

Outlook & Strategy

Frontline pulls the plug on the highly anticipated $4.2 bln merger with Euronav

Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $

about 3 years ago

Outlook & Strategy

Archer increases 2023 guidance as it closes purchase of P&A specialist

Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a

about 3 years ago

Outlook & Strategy

Bloom Energy to expand its footprint into Portugal and Spain

Bloom Energy, a US-based green energy company, has partnered up with Telam Partners, a senior advisory firm specialised in the financing and market entry of energy, infrastructure, and technology projects, to expand its services, which include electrolyzers and hydrogen, into Spain and Portugal. Acc

about 3 years ago

Mocean Energy's Blue X wave device being coupled with Verlume's Halo battery storage unit (Courtesy of Mocean Energy)

Outlook & Strategy

Partners get ready to demonstrate ‘renewables for subsea power’ solution

The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland.

about 3 years ago

Outlook & Strategy

Gen2 Energy and SEFE discuss potential green hydrogen supply for Germany and North-West Europe

Norwegian green hydrogen company Gen2 Energy and Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, have signed a memorandum of understanding (MoU) to pursue an offtake agreement for compressed green hydrogen. On 6 January, the companies said they were discussing a long-term

about 3 years ago

Illustration/Orbital Marine Power's 2MW tidal energy deployed offshore Scotland (Courtesy of Orbital Marine Power)

Outlook & Strategy

UK’s environmental committee calls for more tidal energy to ensure long-term energy security

In its latest report, the Environmental Audit Committee of the United Kingdom has called for a greater strategic focus on tidal energy, highlighting its potential to contribute to the UK’s energy security in the long term.

about 3 years ago

Outlook & Strategy

In focus: Ammonia emerges as a ‘trump card’ as countries dash for energy security

As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.

about 3 years ago

Outlook & Strategy

Norway to keep boosting Europe’s energy security with high gas exports in 2023

Norway’s government expects to maintain higher output on the NCS to supply Europe with high gas exports, bolstering its energy security.

about 3 years ago

Outlook & Strategy

Poten: Unipec king of VLCC charters, Lukoil doesn’t make the cut

Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures, according to Poten & Partners. However, Russia’s Lukoil has dropped out of the top 20 spot charterers. This is mainly due to Russia’s war in U

about 3 years ago

Outlook & Strategy

Quoceant wraps up testing of its Q-Connect system

Quoceant has completed full-system demonstration testing of its Q-Connect adaptable marine quick connection system at Hydrus’ fabrication facility in Brenchin, Scotland.

about 3 years ago

Outlook & Strategy

Nel and HH2E team up on hydrogen in Germany

Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has partnered up with German HH2E for a Front End Engineering and Design (FEED) study and a Letter of Intent (LoI) for two 60 MW electrolyser plants in Germany. The two parties said the FEED will commence after a firm purchase order is mad

about 3 years ago

Outlook & Strategy

WATCH: Semi-sub rig arrives at UK port to get ready for its inaugural decom gig in North Sea

A semi-submersible rig has arrived at a port in Scotland to prepare for its first decommissioning assignment on the UK Continental Shelf.

about 3 years ago