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Outlook & Strategy

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Foundation loadout for Minesto’s tidal energy kite (Courtesy of Minesto)
Outlook & Strategy

Minesto installs offshore infrastructure to double tidal energy production capacity

Swedish company Minesto has completed additional offshore infrastructure installation in Faroe Islands to double electricity production from two Dragon 4 tidal energy devices.

about 3 years ago
RWE and Harbour Energy shake hands for carbon capture and storage
Outlook & Strategy

RWE and Harbour Energy shake hands to pursue carbon capture and storage

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RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C

about 3 years ago
CorPower Ocean's C4 wave energy device ahead of installation (Courtesy of CorPower Ocean)
Outlook & Strategy

CorPower Ocean’s wave energy device inches closer to deployment

CorPower Ocean’s first commercial-scale C4 wave energy converter has been moved to quayside ‘launchpad’, ahead of deployment at the Aguçadoura site in northern Portugal.

about 3 years ago
LNG-powered
Outlook & Strategy

LNG as marine fuel: A risky or future-proof investment?

LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s

about 3 years ago
Waves4Power's WaveEL wave energy device (Photograph courtesy of Waves4Power AB, Sweden)
Outlook & Strategy

Swedish company eyes funding as it targets global wave energy opportunities

Swedish company Waves4Power has opened an equity funding round, looking to secure $25 million, that will support its efforts to unlock opportunities for wave energy developments across the globe.

about 3 years ago
Evolution Terminals
Outlook & Strategy

Development of Northwestern Europe’s 1st terminal for hydrogen carriers and low-carbon fuels on track

U.S.-based Vision Energy, through its wholly-owned subsidiary Evolution Terminals BV, says to be on track to file the detailed environmental impact assessment for its energy project in the North Sea Port of Vlissingen, the Netherlands before January 31, 2023. Namely, Evolution Terminals is in advanc

about 3 years ago
Ports of Rotterdam and Sines agree on hydrogen imports
Outlook & Strategy

Ports of Rotterdam and Sines agree on hydrogen imports

ENGIE, Shell, Vopak and Anthony Veder have agreed to develop a green hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands. The project named H2Sines.RDAM aims to produce green hydrogen on a unit located in Sines, convert it to liquefied hydro

about 3 years ago
OMV and partners to invest €872 million in new Norwegian gas field
Outlook & Strategy

Norwegians to invest €872 million in new gas field

OMV Norge and its partners have submitted the plan for development and operation (PDO) for the Berling gas field, previously known as Iris Hades, to Norway’s Ministry of Petroleum and Energy. The Berling field, which stretches across three licenses with aligned ownership interests (PL644, PL644B and

about 3 years ago
EC approves €40 billion German measures to recapitalise two energy companies in context of Russia’s war against Ukraine
Outlook & Strategy

EC approves €40 billion German measures to recapitalise two energy companies in context of Russia’s war against Ukraine

European Commission (EC) has granted approval for Germany’s aid measures to recapitalise energy companies Securing Energy for Europe (SEFE), previously known as Gazprom Germania GmbH, and Uniper in the context of Russia’s war against Ukraine. On 19 December, Uniper and the German Federal Government

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Outlook & Strategy

ADNOC buying stake in Austrian oil and gas firm

Abu Dhabi National Oil Company (ADNOC) is acquiring a 24.9 per cent shareholding in Austrian oil and gas company OMV from Mubadala Investment Company. Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, holds 31.5 per cent, with the remaining share capital in free float.

about 3 years ago
Equinor plans to invest $1.3 billion in Hammerfest LNG upgrade and electrification
Outlook & Strategy

Equinor plans to invest $1.3 billion in Hammerfest LNG upgrade and electrification

Norwegian energy player Equinor and its partners in the Snøhvit project have revealed plans to invest NOK 13.2 billion (around $1.3 billion) in upgrading the Hammerfest LNG (HLNG) plant at Melkøya with onshore gas compression and electrification. On 20 December, Equinor submitted a plan for developm

about 3 years ago
Ørsted acquires full ownership of Europe’s largest green electrofuel project with FID in place
Outlook & Strategy

Ørsted acquires full ownership of Europe’s largest green electrofuel project with FID in place

Swedish green electrofuels developer Liquid Wind has informed that its partner, Danish offshore wind developer Ørsted, will acquire full ownership of the FlagshipONE project, the largest green electrofuel facility in Europe that has reached a final investment decision (FID). The project was develope

about 3 years ago
European energy ministers agree to cap gas prices
Outlook & Strategy

European energy ministers agree to cap gas prices

European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title

about 3 years ago
Floating solar unit at Banja reservoir, with mooring prepared for three additional rings (Courtesy of Ocean Sun)
Outlook & Strategy

Ocean Sun gets government grant to advance floating solar technology

Norwegian company Ocean Sun has received a grant from the Research Council of Norway to further develop its floating solar technology.

about 3 years ago