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Outlook & Strategy

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Worley wins FEED contract for CQ-H2 project in Australia
Outlook & Strategy

Worley wins FEED contract for CQ-H2 project in Australia

Australia’s engineering company Worley has been awarded the front-end engineering and design (FEED) work for the Central Queensland Hydrogen (CQ-H2) project led by Stanwell Corporation and its consortium members Iwatani Corporation, Kansai Electric Power Company, Marubeni Corporation and Keppel Infr

about 3 years ago
Oceaneering to add DriX USV to its fleet
Outlook & Strategy

Oceaneering to add DriX USV to its fleet

Oceaneering International is planning to acquire Exail’s DriX uncrewed surface vessel (USV) as part of its introduction of a new USV service to support remote survey work scopes. Oceaneering announced on 5 September that its Subsea Robotics group was introducing a new USV service that will utilize d

about 3 years ago
Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Outlook & Strategy

Mocean Energy hails €3.7M EuropeWave funding boost as significant step towards wave energy scale-up

Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.

about 3 years ago
Santos signs P’nyang gas deal for PNG LNG
Outlook & Strategy

Santos agrees to sell 2.6% stake in PNG LNG to Kumul

Australian energy company Santos has executed a binding sale agreement to deliver Papua New Guinea’s Kumul Petroleum Holdings a 2.6% participating interest in PNG LNG for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt (th

about 3 years ago
Polish firm pursuing only Barents Sea CO2 exploration license
Outlook & Strategy

Polish firm pursuing operator role for only CO2 exploration license in Barents Sea

Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced

about 3 years ago
WINGD SHI ammonia engines
Outlook & Strategy

WinGD, Samsung Heavy Industries join forces on ammonia-powered ships

Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore

about 3 years ago
Venture Global inks equipment supply deal with Baker Hughes to boost its LNG production
Outlook & Strategy

Venture Global inks equipment supply deal with Baker Hughes to boost its LNG production

To support its long-term expansion plan to increase production from 70 million tons per annum (mtpa) to more than 100 mtpa of nameplate LNG export capacity, U.S. Venture Global has executed an expanded master equipment supply agreement with compatriot Baker Hughes. The agreement includes the deliver

about 3 years ago
CorPower Ocean's C4 wave energy device offshore Portugal (Courtesy of CorPower Ocean)
Outlook & Strategy

CorPower Ocean’s next-gen wave energy device hits waters offshore Portugal

Swedish company CorPower Ocean has installed its first commercial-scale wave energy converter in northern Portugal, setting the course to making wave energy a bankable technology for mass deployment.

about 3 years ago
Preferred major works contractor appointed for Australian interconnector
Outlook & Strategy

Prysmian reserves capacity to deliver Australian interconnector

Prysmian Group has signed a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator (TSO) TasNetworks, to reserve the capability to deliver a power interconnector project in Australia. The agreement includes the Commonwealth Government underwriti

about 3 years ago
Illustration/BIMEP and EMEC wave energy test sites (Courtesy of EuropeWave)
Outlook & Strategy

EuropeWave unveils top 3 wave energy finalists

EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.

about 3 years ago
Dirk Schulze, CEO SCHOTTEL Marine Technologies (Courtesy of SCHOTTEL Marine Technologies)
Outlook & Strategy

SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables

SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables.

about 3 years ago
JERA invests in Hydrogenious LOHC Technologies
Outlook & Strategy

JERA, Uniper and ConocoPhillips pen hydrogen and ammonia supply deal

Japan’s JERA, through its subsidiary JERA Americas, has signed a Heads of Agreement (HoA) with Uniper Global Commodities in Germany and ConocoPhillips in the United States (U.S.) for the sale to Uniper of low-carbon hydrogen/ammonia produced in the U.S. JERA said that the company will contribute to

about 3 years ago
ABS AIP
Outlook & Strategy

Design of world’s largest LNG carrier wins blessing from classification majors

The world’s four major classification societies American Bureau of Shipping (ABS), DNV, Lloyd’s register (LR), and Bureau Veritas (BV) have issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new liquified natural gas (LNG) carrier design, currently the world’s largest wit

about 3 years ago
Commonwealth LNG and MET Group sign 20-year LNG supply deal
Outlook & Strategy

Commonwealth LNG and MET Group sign 20-year LNG supply deal

U.S.-based Commonwealth LNG and Switzerland-based MET Group have entered into a Heads of Agreement (HoA) for the sale and purchase of one million tons per annum (mtpa) of liquefied natural gas (LNG) for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana, U.

about 3 years ago
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