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Outlook & Strategy

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Northern Lights
Outlook & Strategy

Sumitomo, Toho Gas, K Line & Woodside explore CCS value chain feasibility between Australia and Japan

Japanese industry giants Sumitomo, Toho Gas, Kawasaki Kisen Kaisha (K Line) and Australian Woodside Energy (Woodside) have signed a non-binding memorandum of understanding (MOU) to jointly conduct a feasibility study to establish a carbon capture and storage value chain between Australia and Japan.

about 3 years ago
ClassNK, Fukui ally on safety relief valve study for cargo tank of LH2 carriers
Outlook & Strategy

ClassNK, Fukui ally on safety relief valve study for cargo tank of LH2 carriers

Japan’s ClassNK and Fukui Seisakusho have signed a memorandum of understanding (MoU) concerning a joint study on a safety relief valve for a cargo tank of liquefied hydrogen (LH2) carriers. ClassNK said that, in order to ensure safety in the transport of liquefied hydrogen, the development of safety

about 3 years ago
Maersk methanol powered feeder
Outlook & Strategy

Maersk’s methanol-powered feeder to transport Amazon’s goods

Danish containership major Maersk and American e-commerce giant Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 m

about 3 years ago
FPSO Guanabara; Source: MODEC
Outlook & Strategy

11 more FPSOs in Brazil’s pre-salt layer on Petrobras’ five-year agenda

Petrobras has unveiled plans to put 11 additional FPSO units into operation in the pre-salt layer offshore Brazil by 2027, which are anticipated to boost production, enabling it to reach 2.4 million boe.

about 3 years ago
VLAC
Outlook & Strategy

Eastern Pacific pens deal for world’s largest ammonia carrier pair, orders up to 10 more ships from different yards

China’s shipbuilding major Jiangnan Shipbuilding has signed a contract with Singaporean shipping company Eastern Pacific Shipping for the construction of two 93,000 cbm liquid ammonia carriers. The design of the very large ammonia carriers (VLAC) has been derived from the shipbuilder’s fourth genera

about 3 years ago
KR
Outlook & Strategy

SHI’s 200K cbm ultra-large ammonia carrier wins KR’s clearance

South Korean shipbuilder Samsung Heavy Industries (SHI) has received Approval in Principle (AiP) for a 200K cbm ultra-large ammonia carrier fuelled by ammonia. The AIP was awarded by Korean Register at Gastech 2023 currently underway in Singapore following a joint development project (JDP) between K

about 3 years ago
EPS inks several MoUs on development of ammonia dual-fuel vessels
Outlook & Strategy

EPS inks several MoUs on development of ammonia dual-fuel vessels

Singapore’s Eastern Pacific Shipping (EPS), German MAN Energy Solutions (MAN ES), South Korea’s HD Hyundai Heavy Industries (HHI) and yards from the China State Shipbuilding Corporation (CSSC) have announced a collaboration on the development of ammonia-burning engine that will be fitted to a new fl

about 3 years ago
Ronan Stephan, new chairman of France Energies Marines (Courtesy of France Energies Marines)
Outlook & Strategy

French institute for offshore renewables gets new chairman

France Energies Marines, the institute for energy transition dedicated to offshore renewable energies, has appointed Ronan Stephan as its new chairman.

about 3 years ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Outlook & Strategy

TEAMER picks 10 marine energy research support recipients

The US Testing Expertise and Access to Marine Energy Research (TEAMER) program has selected 10 projects through its latest call to share $1 million in research support for their marine energy-related activities.

about 3 years ago
€90 million Italian undersea cable starts operating
Outlook & Strategy

Italy’s €90 million undersea cable starts operating

Italian transmission system operator (TSO) Terna has put into operation the €90 million undersea cable that connects the island of Elba with Italy’s mainland – a project said to be of fundamental importance for the country’s entire electricity system. The power line connects Portoferraio and Piombin

about 3 years ago
Hanwha Ocean DNV AIP
Outlook & Strategy

DNV greenlights Hanwha Ocean’s LCO2 carrier and noise measurement

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), has won an Approval in Principle (AiP) from and an Approval of Service Suppliers (AOSS) from DNV for two innovations: a large-scale liquefied carbon dioxide (LCO2) carrier tank and an underwater

about 3 years ago
Tellurian to sell more senior secured notes to Driftwood LNG
Outlook & Strategy

Tellurian and Baker Hughes sign Driftwood LNG equipment deal

U.S. companies Tellurian and Baker Hughes have reached an agreement to supply eight main refrigerant compression packages for phase 1 of the Driftwood LNG project. Baker Hughes said the agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors and contr

about 3 years ago
Illustration; Source: SLB
Outlook & Strategy

INEOS inks technology deal with SLB to back its growth ambitions

Oilfield services company SLB and INEOS Energy have established a technology partnership to collaborate on subsurface technologies implementing digital artificial intelligence solutions. INEOS Energy will partner with SLB’s Performance Centre in Aberdeen to collaborate and innovate subsurface techno

about 3 years ago
BP signs third LNG offtake contract with Woodfibre
Outlook & Strategy

BP signs third LNG offtake contract with Woodfibre

UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco

about 3 years ago
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