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Outlook & Strategy

Oracle Energy and PCME to collaborate on green hydrogen project in Pakistan

Oracle Energy, a joint venture between Oracle Power and Sheikh Ahmed Dalmook Al Maktoum, and PetroChina International (Middle East) Company Limited (PCME) have signed a Memorandum of Understanding (MoU) on cooperation and joint development of commercial avenues for Oracle Energy’s planned 400 MW gre

about 3 years ago

Outlook & Strategy

Biofuel key to maritime decarbonisation, but challenges present, DNV says

In its latest white paper “Biofuels in shipping,” classification society DNV has reported that the flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. However, the current limitations in production capac

about 3 years ago

Illustration; Source: American Petroleum Institute (API)

Outlook & Strategy

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago

Outlook & Strategy

In focus: Investments in clean energy to top $1.7 trillion in 2023

Worldwide investments in clean energy are projected to reach $1.74 trillion in 2023, a 7.6 percent increase compared to $1.617 trillion invested in green energy in 2022, according to a recent report by the International Energy Agency (IEA). The investments in fossil fuels are also expected to rise,

about 3 years ago

Outlook & Strategy

INTERCARGO warns against regulating shipping in isolation

As the International Maritime Organization (IMO) gears up for its MEPC80 session in July, where it is expected to revise its greenhouse gas (GHG) strategy and strengthen decarbonization targets, industry experts are highlighting the dangers of regulating shipping in isolation. The global nature of t

about 3 years ago

Outlook & Strategy

IDTechEx: Methane pyrolysis and turquoise H2 should not be overlooked

In its market report “Blue Hydrogen Production and Markets 2023-2033: Technologies, Forecasts, Players,” technology company IDTechEx explores the topic of turquoise hydrogen and delves into the various methane pyrolysis technologies, their benefits, drawbacks and the key commercial activities shapin

about 3 years ago

Illustration; Source: Offshore Energies UK (OEUK)

Outlook & Strategy

Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?

The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.

about 3 years ago

Outlook & Strategy

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago

Outlook & Strategy

Oman signs three green hydrogen project agreements in ‘a significant milestone’

In what was described as a significant milestone, Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed agreements to award three hydrogen projects to be developed in the Sultanate. The agreements were signed today, 1 June, as a result of the first round of Hydrom’

about 3 years ago

Outlook & Strategy

Methanol Institute issues first complete guide to methanol as marine fuel

The Methanol Institute, a global trade association for the methanol industry, has published the first comprehensive guide to methanol as a marine fuel to help stakeholders across the industry access the information they need to support decision-making on which alternative fuel is right for their fle

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Outlook & Strategy

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago

Outlook & Strategy

Thenamaris delivers blue-ammonia cargo to China

Athens-based ship manager Thenamaris LNG has delivered the first certified blue ammonia cargo to China. The delivery comes on the back of the first certified blue ammonia cargo to Korea in December 2022, showcasing the growing importance of ammonia as part of the global decarbonization efforts. The

about 3 years ago

Outlook & Strategy

EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant E

about 3 years ago

Illustration/Xfloat's floating solar technology (Courtesy of Xfloat)

Outlook & Strategy

Xfloat bags $1M grant to advance floating solar technology

Israel-based company Xfloat has secured a $1 million grant to advance its floating solar technology together with the partners from the United States.

about 3 years ago