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Outlook & Strategy

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Three AirWing™ systems fitted to a 225m bulk carrier; Image credit: GT Green Technologies
Outlook & Strategy

GT Green Technologies says on-the-water prototype of its wind propulsion tech coming soon

UK-headquartered wind propulsion specialist GT Green Technologies has won grant funding as part of this year’s Clean Maritime Demonstration Competition Round 2 (CDMC2) launched by the UK’s Department of Transport. The company said that it would use the funding to further develop and launch its propr

about 4 years ago
UK player seeking partners for assets offshore Morocco and Ireland
Outlook & Strategy
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UK player seeking partners for assets offshore Morocco and Ireland

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas is continuing the farm-out processes of two licenses respectively located offshore Morocco and Ireland. In Morocco, Europa said it is continuing the farm-out process of the Inezgane license in the Agadir Basin, which represents a “

about 4 years ago
Raising UK’s windfall tax could undermine energy security and put oil & gas investments at risk, says OEUK
Outlook & Strategy

OEUK: Raising windfall tax could put oil & gas investments at risk and undermine UK’s energy security

Offshore Energies UK (OEUK) has warned that the windfall ‘supertax’ proposal risks driving out oil and gas investments from the UK waters.

about 4 years ago
Illustration/Co-location of offshore wind, wave and offshore solar energy (Courtesy of EU-SCORES)
Outlook & Strategy

In focus: Eye on sustainability at COP27 amidst geopolitical tensions

During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rul

about 4 years ago
Namibia gets $544 mln boost for green hydrogen production as it looks to catalyze shipping’s decarbonization
Outlook & Strategy

Namibia gets $544 mln boost for green hydrogen production as it looks to catalyze shipping’s decarbonization

Namibia, one of the world’s sunniest countries, is investing strenuous efforts in exploiting its abundant natural resources to produce renewable energy, most notably green hydrogen, and position itself as a renewable energy hub. “Namibia is comfortable with being a first mover in an industry that is

about 4 years ago
Maersk
Outlook & Strategy

Maersk: We need an end date for fossil fuels in shipping

The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. “It is ve

about 4 years ago
Illustration/Offshore floating solar with offshore wind (Courtesy of SolarDuck)
Outlook & Strategy

SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

Dutch-Norwegian company SolarDuck has been awarded a contract for the world’s largest hybrid offshore floating solar power plant at the offshore wind park Hollandse Kust West VII in the Netherlands.

about 4 years ago
Shell comes aboard subsea 3D printing joint industry project
Outlook & Strategy

Shell comes aboard subsea 3D printing joint industry project

Shell has joined a joint industry project dedicated to developing and testing advanced 3D printing technologies as an in situ, metal-to-metal, repair method for subsea assets. Shell joins project partners Kongsberg Ferrotech, Equinor, Gassco and SINTEF who have been working on this industrial projec

about 4 years ago
New action plan comes into the limelight to accelerate decarbonisation
Outlook & Strategy

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 4 years ago
Enagás unit receives funding to boost LNG and BioLNG supply in Canary Islands
Outlook & Strategy

Enagás unit receives funding to boost LNG and BioLNG supply in Canary Islands

Scale Gas, a subsidiary of Spanish energy company Enagás, has received funding from the Ministry of Transport, Mobility and Urban Agenda to boost the construction of a bunkering vessel for the supply of LNG and BioLNG in the Canary Islands. Scale Gas will receive a total of €15 million and plans to

about 4 years ago
Avance Gas keeps divesting older VLGCs to renew fleet and improve fuel efficiency
Outlook & Strategy

Avance Gas keeps divesting older VLGCs to renew fleet and improve fuel efficiency

Norway-based liquefied petroleum gas (LPG) transporter Avance Gas has signed an agreement to sell another very large gas carrier (VLGC) as it is renewing its fleet. The company agreed to sell the 2009-built VLGC Promise with a time charter attached. The vessel is expected to be handed over to the ne

about 4 years ago
Danish player to furnish TotalEnergies’ North Sea oil & gas assets with manpower
Outlook & Strategy

Danish player bags five-year deal for TotalEnergies’ North Sea oil & gas assets

TotalEnergies has handed out a long-term deal for the provision of manpower and construction service to its assets in the Danish North Sea.

about 4 years ago
UK and German representatives meet to celebrate NeuConnect
Outlook & Strategy

UK and German representatives meet to celebrate NeuConnect

German Ambassador to the UK Miguel Berger and UK Trade Commissioner for Europe Chris Barton have joined an industry event to help celebrate continued progress on the NeuConnect project that will create the first direct connection between the UK and German energy markets. Led by Meridiam, Allianz Ca

about 4 years ago
Cargo
Outlook & Strategy

Cargo owners roll out a roadmap to decarbonize ocean freight by 2040

Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the

about 4 years ago