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Outlook & Strategy

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Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)
Outlook & Strategy

European Parliament nods ‘yes’ to increase the use of renewable energy

The European Parliament has voted to boost the deployment of renewable energy, setting the goal to increase the share of renewables in the EU’s final energy consumption to 42.5% by 2030.

about 3 years ago
First UK-German energy link on track with construction ramping up
Outlook & Strategy

First UK-Germany energy link stays on track with construction ramping up

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Prysmian has begun horizontal directional drilling (HDD) works that will allow the subsea cables for the first-ever energy link between the UK and Germany to be brought on land. Led by global investors Meridiam, Allianz Capital Partners, Kansai Electric Power and TEPCO, NeuConnect will become one of

about 3 years ago
KKR acquires 42% non-controlling interest in Sempra’s PALNG Phase 1
Outlook & Strategy

KKR acquires 42% non-controlling interest in Sempra’s PALNG Phase 1

Sempra Infrastructure, a subsidiary of U.S. major Sempra, has completed the sale of a 42% indirect, non-controlling interest in its Port Arthur LNG (PALNG) Phase 1 project to investment management company KKR. The transaction results in Sempra Infrastructure retaining a controlling 28% indirect inte

about 3 years ago
Seven wave energy companies are receiving expert guidance from NREL’s water power researchers (Courtesy of NREL/Photo by Joe DelNero)
Outlook & Strategy

NREL researchers help developers prepare for harsh wave energy conditions of the Pacific

Researchers at the National Renewable Energy Laboratory (NREL) have started working with four promising wave energy companies as they prepare to deploy their devices at PacWave South, a new grid-connected wave energy test site off the Oregon coast.

about 3 years ago
DSIC and Jiangsu team up for LNGC cargo containment system project
Outlook & Strategy

DSIC and Jiangsu team up for LNGC cargo containment system project

China’s Dalian Shipbuilding Industry Company (DSIC) and Jiangsu Yak have signed a contract for the cargo containment system construction project of ten 175,000 cubic meter LNG carriers (LNGCs). According to DSIC, the two parties will work together in construction, production management, safety manag

about 3 years ago
German partners shake hands for offshore wind surveys
Outlook & Strategy

German partners shake hands for autonomous offshore wind surveys

German offshore wind services provider WINDEA Offshore and marine data acquisition company Subsea Europe Services have entered a strategic sales partnership to provide autonomous surveying for the offshore wind industry. The two companies plan to deliver hydrographic survey and underwater inspection

about 3 years ago
Illustration/Offshore energy crew preparing to install MeyGen tidal energy turbine off Scotland (Courtesy of SIMEC Atlantis)
Outlook & Strategy

UK: Offshore energy jobs could double by 2030 if successful transition from fossils to renewables is achieved

A new report by Robert Gordon University has found that the UK offshore energy workforce can increase by up to 50% from over 150,000 in 2023 to 225,000 by the end of the decade with new renewable jobs outnumbering oil and gas roles if a successful transition is achieved.

about 3 years ago
TotalEnergies launches call for tenders for green hydrogen supply
Outlook & Strategy

TotalEnergies launches call for tenders for green hydrogen supply

As part of the decarbonization of its European refineries, French major TotalEnergies is launching a call for tenders for the supply of 500,000 tons per year of green hydrogen. The company claimed that green hydrogen would make it possible to avoid the emission of around five million tons of CO2 per

about 3 years ago
Illustration; Source: Qatargas, now QatarEnergy LNG
Outlook & Strategy

Qatargas rebrands to spotlight LNG’s ‘critical’ role in energy security and low-carbon transition

Qatargas has changed its name to reflect its future vision and strategy for the country’s liquefied natural gas (LNG) sector.

about 3 years ago
Maersk
Outlook & Strategy

Laura Maersk is born: Ursula von der Leyen christens world’s 1st green containership

The world’s first containership powered by green methanol has officially been named in the picturesque city of Copenhagen, Denmark by the President of the European Commission Ursula von der Leyen. “I name you Laura Maersk! As you sail the waters of the world, may your journeys be smooth and your tas

about 3 years ago
OCI Global eyes increase in green methanol production capacity in U.S.
Outlook & Strategy

OCI Global eyes increase in green methanol production capacity in U.S.

Dutch producer and distributor of hydrogen-based products OCI Global has revealed plans to double its green methanol production capacity to approximately 400,000 metric tons per year in response to the growing demand for green methanol from numerous high-emissions industries, including shipping. Acc

about 3 years ago
Fure Vinga
Outlook & Strategy

Furetank, Algoma sign up for two more Vinga ships

Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten

about 3 years ago
Japanese power cable company pinpoints location for factory in Europe
Outlook & Strategy

Japanese power cable company pinpoints location for factory in Europe

Japan-headquartered Sumitomo Electric has chosen the location for its planned power cable factory in Scotland, announced earlier this year as part of the company’s goal of expanding its business in Europe. Sumitomo Electric announced in April the plans to establish a power cable factory in Scotland

about 3 years ago
Crowley opacific reliance vessel
Outlook & Strategy

Crowley, SEACOR chart a new course with a tanker JV

Two titans of the global maritime and logistics industry, Crowley and SEACOR Holdings, through its subsidiary Seabulk Tankers, have joined forces to create a joint venture Fairwater Holdings LLC, a new, independent U.S. Jones Act service provider. The new company integrates the duo’s liquid energy a

about 3 years ago