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Outlook & Strategy

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Offshore Energy
Outlook & Strategy

EU poised to start taxing shipping emissions in 2024

In the final round of talks over the weekend, the EU Council and the European Parliament hammered out a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that aim to further reduce emissions and address their social impacts. The ‘Fit for 55’ package is aimed at ena

about 3 years ago
Three North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security
Outlook & Strategy

North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security

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UK’s regulator North Sea Transition Authority (NSTA) has fined EnQuest, Equinor, and Spirit Energy a total of £265,000 or $322,437.

about 3 years ago
Illustration/D10 tidal turbine developed by French company Sabella (Courtesy of Sabella/Balao)
Outlook & Strategy

Europe launches €40 million call for demonstration of tidal energy farms

The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.

about 3 years ago
INTOG leasing illustration (Courtesy of Crown Estate Scotland)
Outlook & Strategy

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago
Plans unveiled for $20.4 billion investments in ten oil & gas projects
Outlook & Strategy

Plans unveiled for investments of $20.4 billion in ten oil & gas projects

Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.

about 3 years ago
IMO Secretary General
Outlook & Strategy

IMO fails to adopt more ambitious 2050 target

The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t

about 3 years ago
car carrier
Outlook & Strategy

Clarksons: 93 pct of car carrier newbuilds LNG capable, 23 pct ammonia/methanol ready

Car carrier newbuild ordering has increased significantly in 2021 and 2022 on record markets and the resumption of owners’ fleet renewal programmes, including efforts to support manufacturers to become ‘green through the supply chain’. The market recovery is primarily driven by post-covid car trade

about 3 years ago
FFI and Azerbaijan exploring green hydrogen projects
Outlook & Strategy

FFI and Azerbaijan exploring green hydrogen projects

Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, and the Ministry of Energy of the Republic of Azerbaijan have signed a framework agreement to jointly study and develop potential green hydrogen and renewable energy projects in Azerbaijan. The agr

about 3 years ago
Fincantieri
Outlook & Strategy

Digitized, net zero ships at the core of Fincantieri’s new business strategy

Italian shipbuilder Fincantieri has laid out its strategy for the upcoming period putting a major focus on building up its competencies in the construction of digital and net zero ships. The company’s 2023-2027 Business Plan aims to create greater synergies between the company’s cruise, defense, and

about 3 years ago
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Outlook & Strategy

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago
Illustration/WaveEL wave energy system (Photograph courtesy of Waves4Power AB, Sweden)
Outlook & Strategy

Waves4Power signs deal to develop wave energy parks offshore Indonesia

Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.

about 3 years ago
Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain
Outlook & Strategy

Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain

“We are looking at a market today that is immense. It is new and unprecedented when you look at the numbers. Floating wind is expected to be, in 2050, bigger than fixed offshore wind. But we got some catching up to do, and catching up to be done is really in the supply chain”, GustoMSC’s […]

about 3 years ago
FSRU arrives in Wilhelmshaven ahead of opening of Germany’s first LNG terminal
Outlook & Strategy

FSRU arrives in Wilhelmshaven ahead of opening of Germany’s first LNG terminal

A floating storage and regasification unit (FSRU) has arrived in Wilhelmshaven, marking an ‘important milestone’ shortly before the opening of Germany’s first LNG terminal. On 15 December, German energy company Uniper confirmed the arrival of the Höegh Esperanza, the designated FSRU for the Wilhelms

about 3 years ago
The AR1500 tidal turbine for the MeyGen project (Courtesy of SIMEC Atlantis)
Outlook & Strategy

Scottish public bodies appoint financial advisor for MeyGen tidal energy project

Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.

about 3 years ago