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Outlook & Strategy

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Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply
Outlook & Strategy

Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply

Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.

about 3 years ago
Ocean infinity
Outlook & Strategy

Ocean Infinity’s first two high-tech ammonia-ready Armada ships head for Norway

Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are

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about 3 years ago
Denmark awards first CO2 storage permit
Outlook & Strategy

Denmark awards first CO2 storage permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 tonnes of CO2 in a former oil field over a four-month period. INEOS E&P and Wintershall Dea have been granted permission to begin a time- an

about 3 years ago
Illustration/Sabella's D10 tidal energy turbine (Courtesy of Sabella)
Outlook & Strategy

Sabella’s tidal power production curve gets Bureau Veritas seal

French tidal energy developer Sabella has verified the power production curve of its D10 turbine through a certification issued by the classification group Bureau Veritas.

about 3 years ago
The Netherlands wants Gasunie to develop offshore hydrogen network in the North Sea
Outlook & Strategy

The Netherlands wants Gasunie to develop offshore hydrogen network in the North Sea

Dutch Minister for Climate and Energy Policy Rob Jetten intends to appoint energy infrastructure firm Gasunie to develop an offshore hydrogen network in the North Sea. According to Gasunie, the Minister announced its intention to the House of Representatives on 2 December 2022. Hydrogen produced usi

about 3 years ago
Eco Wave Power's Gibraltar wave energy array before decommissioning (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power’s third quarter net loss slightly rises

Swedish-Israeli wave energy company Eco Wave Power has released interim financial results 2022, marking a slightly higher net loss in the third quarter when compared to the same period a year earlier.

about 3 years ago
BP’s three incoming hydrocarbon projects to watch in 2023
Outlook & Strategy

BP’s giant incoming hydrocarbon projects to watch in 2023

While tackling the energy trilemma, BP has been working on multiple projects and three of these are on track to start up next year.

about 3 years ago
Sovcomflot’s Gagarin Prospect
Outlook & Strategy

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts
Outlook & Strategy

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago
Trafigura signs $3 billion loan to supply ‘substantial volumes’ of gas to Germany’s SEFE
Outlook & Strategy

Trafigura signs $3 billion loan to supply ‘substantial volumes’ of gas to Germany’s SEFE

Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban

about 3 years ago
In focus: Offshore Energy Exhibition & Conference (OEEC) once again proves to be a huge success
Outlook & Strategy

In focus: Offshore Energy Exhibition & Conference (OEEC) once again proves to be a huge success

The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and fl

about 3 years ago
RWE’s Brunsbüttel terminal could receive ammonia from Namibia
Outlook & Strategy

RWE’s Brunsbüttel terminal could receive ammonia from Namibia

RWE and Hyphen Hydrogen Energy have signed a Memorandum of Understanding (MoU) that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia. Hyphen was appointed the preferred bidder by the Namibian government to develop the first green hydrogen project in Namibia for export.

about 3 years ago
Following incident, Nexans and Enemalta patch up subsea interconnector – gallery
Outlook & Strategy

Following incident, Nexans and Enemalta patch up subsea interconnector – gallery

Nexans has worked with Enemalta to finalise the repair works for the subsea Malta-Italy interconnector cable.

about 3 years ago
Repurposed North Sea rig closes its door to go back to its decommissioning cycle
Outlook & Strategy

Repurposed North Sea rig closes its doors to go back to its decommissioning cycle

SEE MONSTER, a decommissioned North Sea platform’s new lease on life has now come to an end and it is expected to be recycled in the UK.

about 3 years ago