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Outlook & Strategy

Global Maritime wraps up marine warranty survey for wave energy scheme in Portugal

Global Maritime has provided marine warranty survey (MWS) services for CorPower Ocean’s HiWave-5 grid-connected wave energy project.

about 3 years ago

Outlook & Strategy

Oil & gas players pursuing electrification in Norwegian Sea to curb emissions

OKEA and Equinor in collaboration with license partners have set the wheels into motion to electrify the Draugen field and Njord A platforms.

about 3 years ago

Outlook & Strategy

Euronav confirms CMB sought to quash tie-up with Frontline

Belgium-based tanker shipping giant Euronav informed earlier today that it has received a letter from its biggest shareholder Compagnie Maritime Belge (CMB) seeking termination of the company’s tie-up with Frontline. The letter was addressed to Euronav’s Supervisory Board, following the publication

about 3 years ago

Outlook & Strategy

UK outlines fifth contracts for difference structure and launches consultation for next

UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.

about 3 years ago

Outlook & Strategy

Poseidon Principles: 7 out of 28 banks in line with IMO’s GHG reduction target

Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing

about 3 years ago

Outlook & Strategy

New custom-built LNG carriers to bolster Polish security of supplies

Two newbuild liquefied natural gas (LNG) carriers built for exclusive use by Polish ORLEN Group are being prepared to enter service in early 2023. The two vessels ordered by PGNiG Supply & Trading, an ORLEN Group company specialising in LNG trading, were named “Lech Kaczyński” and “Grażyna Gęsicka”

about 3 years ago

Illustration/Offshore floating solar with offshore wind (Courtesy of SolarDuck)

Outlook & Strategy

The Netherlands eyes offshore energy hubs, more floating solar, reuse of gas pipelines for offshore-produced hydrogen by 2050

The Dutch Ministry of Economic Affairs and Climate Policy (EZK) is now actively looking into the build-out of offshore wind beyond 2030, as well as into offshore energy hubs, offshore hydrogen production and reuse of gas pipelines for hydrogen transport. The EZK is currently working on a comprehensi

about 3 years ago

Outlook & Strategy

Stolt Tankers: CII is causing headaches for chemical tankers

Norwegian shipping company Stolt–Nielsen Limited has joined the critics of the International Maritime Organization’s (IMO) Carbon Intensity Indicator (CII), which comes into force in January 2023. The company explained why the CII is causing headaches for the chemical tanker segment and may even pro

about 3 years ago

Outlook & Strategy

Meyer Turku, Finnish Govt to work on climate-neutral ships with RCL

The Finnish government, represented by the Ministry of Economic Affairs and Employment (MEAE) and Meyer Turku Oy, has signed a deal with the US-based cruise major Royal Caribbean Group on sustainable shipbuilding in Finland. The parties signed a maritime declaration that lays the groundwork for the

about 3 years ago

Outlook & Strategy

Scotland-Rotterdam hydrogen highway in the making

A consortium of international partners has launched a new project that aims to establish a hydrogen export route from Scotland to Rotterdam via liquid organic hydrogen carrier (LOHC). The project named LOHC for Hydrogen Transport from Scotland (LHyTS) seeks to demonstrate that LOHC, in the form of m

about 3 years ago

Outlook & Strategy

Fluxys offering 13 additional slots at Zeebrugge LNG terminal

Fluxys LNG, a part of Belgian natural gas transmission operator Fluxys, has decided to provide additional LNG slots at the Zeebrugge LNG terminal. With an intention to ensure increased LNG supply into Europe, Fluxys will be offering 13 additional primary slots to unload, store and regasify LNG cargo

about 3 years ago

German giant to develop ‘largest discovery in Norway in 2021’ to ramp up gas exports to Europe

Outlook & Strategy

More gas for Europe, as German giant unveils plans to develop ‘largest discovery in Norway in 2021’

Wintershall Dea has submitted a PDO for a gas field in the Norwegian Sea a year after the discovery was made.

about 3 years ago

Outlook & Strategy

TSOs formalise intention to develop H2Med subsea hydrogen link

Spanish, French and Portuguese transmission system operators (TSOs) have signed a memorandum of understanding (MoU) to collaborate on the development of the proposed H2Med project, which is described as the first hydrogen corridor in the EU. The MoU was signed by Spanish Enagás, French GRTgaz and Te

about 3 years ago

Outlook & Strategy

VTTI plans new floating LNG facility in Netherlands by 2024

Dutch energy company VTTI has decided to explore the development of a floating liquefied natural gas (LNG) facility that will provide the Netherlands with additional storage and import capacity. As disclosed, the floating storage and regasification unit (FSRU) facility will be connected to one of th

about 3 years ago