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Outlook & Strategy

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GKinetic's 12kW hydrokinetic unit in LImerick city (Courtesy of GKinetic Energy)
Outlook & Strategy

GKinetic demonstrates hydrokinetic device as part of +CityxChange project

Irish company GKinetic Energy has showcased one of its 12kW hydrokinetic devices in the heart of Limerick city as part of the €30 million +CityxChange project.

about 3 years ago
Seafarers
Outlook & Strategy

Seafarers’ unions strike deal for a 6 pct pay hike

Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate

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about 3 years ago
QED Naval’s SubHub platform being towed to site in Langstone Harbour (Courtesy of QED Naval)
Outlook & Strategy

Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035

Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera

about 3 years ago
Ammonia
Outlook & Strategy

MAN ES unleashes a wave of innovation with 37 ammonia tech patent applications

German engine manufacturer MAN Energy Solutions has filed an impressive 37 patent applications as part of its research and development process for an ammonia-powered marine engine. The company has so far completed 71,000 R&D man hours, equalling 48 R&D man years. Investigating the combustibility of

about 3 years ago
Ulstein tasked with converting two PSVs to geotechnical vessels
Outlook & Strategy

Ulstein tasked with converting two PSVs into geotechnical vessels

Ulstein Design & Solutions has secured a contract with Fugro to redesign and convert two platform supply vessels (PSVs) into geotechnical vessels. Fugro said that by retrofitting the ULSTEIN PX121 design Fugro Resilience and Topaz Endurance PSVs, both built in 2015, it could unlock their versatile p

about 3 years ago
Pluto LNG Plant; Source: Woodside
Outlook & Strategy

KBR wins EPC contract for Pluto LNG project

U.S. engineering company KBR has been awarded an engineering, procurement and construction (EPC) management contract by Woodside Energy, as operator for and on behalf of the Pluto Joint Venture. Under the contract, KBR will undertake modifications to train 1 of Woodside’s Pluto LNG facility, located

about 3 years ago
Anemoi-MV-Afros-1
Outlook & Strategy

Wind-propulsion installations poised to surpass 50 mark in early 2024

Wind propulsion installations on large vessels are on track to surpass the 50 mark in early 2024, according to a recent update by Gavin Allwright, Secretary General of the International Windship Association (IWSA). This achievement reflects the continued momentum behind wind propulsion solutions and

about 3 years ago
The SeaVolt offshore solar platform installed in the North Sea (Courtesy of SeaVolt consortium)
Outlook & Strategy

SeaVolt launches first of a kind offshore solar platform

The SeaVolt consortium has installed its first of a kind offshore solar platform at the Blue Accelerator test site, near the Port of Ostend in Belgium.

about 3 years ago
Hanwha and affiliates to establish clean hydrogen value chain
Outlook & Strategy

Hanwha and affiliates to establish clean hydrogen value chain

South Korean Hanwha Group has announced the potential creation of a comprehensive clean hydrogen value chain through collaboration with seven of its affiliates, Hanwha Corporation, Hanwha Energy, Hanwha Solutions, Hanwha Aerospace, Hanwha Ocean, Hanwha Impact and Hanwha Power Systems. The hydrogen v

about 3 years ago
Subsea Integration Alliance and BP unite to enhance subsea project performance
Outlook & Strategy

Subsea Integration Alliance and BP unite to enhance subsea project performance

Subsea Integration Alliance has signed a memorandum of understanding (MoU) with UK energy giant BP aimed at developing a framework to enhance subsea project performance. Signed at an official ceremony in London on September 22, the agreement between BP and the alliance that comprises Subsea7 and One

about 3 years ago
COSCO Shipping Energy buys into MOL’s LNG carrier trio
Outlook & Strategy

COSCO Shipping Energy buys into MOL’s LNG carrier trio

China’s tanker major COSCO Shipping Energy Transportation Co. revealed that it will take part in the investment and construction of three LNG carriers. This endeavor will see COSCO Shipping LNG Investment acquire a 49% stake in three single-ship companies established by Japanese Mitsui O.S.K. Lines,

about 3 years ago
Ecospray
Outlook & Strategy

Ecospray’s CO2 capture tech with 80 pct efficiency coming in Q1 2024

Ecospray, an Italian company specializing in sustainable solutions for maritime and land-based industries, has unveiled its first two carbon capture technologies for the maritime sector in Athens, Greece. The company developed a pilot plant with two CO2 capture technologies: chemical absorption usin

about 3 years ago
New hydrogen hub in Australia in the works
Outlook & Strategy

New hydrogen hub in Australia in the works

Australia’s Albanese and Malinauskas Governments have finalized a grant agreement to develop the Port Bonython Hydrogen Hub near Whyalla. Together, both governments are investing $100 million to develop infrastructure at Port Bonython and prepare it to become South Australia’s (SA) first large-scale

about 3 years ago
NKT cable-laying vessel moves to biofuel
Outlook & Strategy

NKT cable-laying vessel moves to biofuel

Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%.

about 3 years ago