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Outlook & Strategy

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QatarEnergy LNG awards CO2 sequestration deal to Worley
Outlook & Strategy

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 3 years ago
Port of Aberdeen
Outlook & Strategy

Princess Royal unveils £420 million Aberdeen Port expansion

The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday

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about 3 years ago
In focus: Is climate crisis a ‘fossil fuels crisis’?
Outlook & Strategy

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 3 years ago
Peninsula Petroleum's first LNG deal breaks records
Outlook & Strategy

Itochu & Peninsula ally on development of ammonia bunkering in Spain

General trading company Itochu Corporation and marine fuels supplier Peninsula Petroleum have executed a memorandum of understanding (MoU) on the joint development of ammonia bunkering in Spain. Itochu stated that, together with Peninsula and future partners, it aims to establish a global ammonia su

about 3 years ago
Ulstein Verft to build new Nexans cable-laying vessel
Outlook & Strategy

Ulstein Verft to build new Nexans cable-laying vessel

Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo

about 3 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Outlook & Strategy

Canadian innovator raises close to €9M for wave-powered desalination tech

Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami

about 3 years ago
LCO2 carrier signing
Outlook & Strategy

PETRONAS, MISC, and MOL forge pact on LCO2 carrier development

Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The

about 3 years ago
ROV-powered survey
Outlook & Strategy

Hempel opens new production facility in China

Copenhagen-based coating supplier Hempel has opened a new production facility in Zhangjiagang, China as a way of responding to the growing demand for coating solutions. The inauguration ceremony for the new production facility comes three years after the announcement of expansion plans to meet the g

about 3 years ago
US DOE to hand out $47.7 million to advance clean hydrogen technologies
Outlook & Strategy

US DOE to hand out $47.7 million to advance clean hydrogen technologies

The U.S. Department of Energy (DOE) has announced $47.7 million in funding for 16 research, development and demonstration (RD&D) projects across 13 U.S. states to advance clean hydrogen technologies. Managed by the Hydrogen and Fuel Cell Technologies Office (HFTO), DOE said the projects will focus o

about 3 years ago
Hudong Zhonghua CMA CGM Paraty
Outlook & Strategy

CMA CGM’s 13K TEU LNG-powered containership hits the water

A colossal containership sporting a green livery and a prominent LNG-powered designation on its hull has hit the waters at Chinese shipbuilding major Hudong Zhonghua. The LNG dual-fuel 13,000TEU container ship (H1841A), named CMA CGM Paraty, was built for the French CMA CGM Group. The ceremony was h

about 3 years ago
Elyse Energy, Hy24 and Mirova pen e-fuels financing deal
Outlook & Strategy

Elyse Energy, Hy24 and Mirova pen e-fuels financing deal

E-fuels company Elyse Energy, Hy24, managing a clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers, have signed a financing deal to support the development of Elyse Energy’s e-methanol and sustainable aviation fuels (SAF) projects in France and Spain. Specific

about 3 years ago
Illustration (Courtesy of Ciel & Terre)
Outlook & Strategy

Industry partners kick off construction works on the largest European floating solar plant

A consortium made up of French, Belgian and Luxembourgian companies, led by renewable energy developer Q Energy, has started with the construction of a 74.3MWp floating solar plant in the northeastern France – said to be the largest such power plant in Europe.

about 3 years ago
Laura Maersk
Outlook & Strategy

WATCH: Green-methanol-powered Laura Maersk takes to the seas

Laura Maersk, the world’s first containership powered by green methanol, has set sail from Copenhagen, Denmark officially commencing her operations. Maersk, the owner of the groundbreaking ship, shared video footage of the vessel departing the Toldboden area of the Copenhagen harbor near the headqua

about 3 years ago
Rolf Habben Jansen, CEO of Hapag-Lloyd
Outlook & Strategy

Hapag-Lloyd CEO: Industry must work together to create a level-playing field

The shipping industry needs to work together to accelerate the energy transition and establish a level playing field, ensuring Europe’s competitive edge on the global stage, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said yesterday in a powerful address at the European Shipping Summit (ESS) in Bruss

about 3 years ago