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Outlook & Strategy

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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
Illustration (Courtesy of Wave Energy Scotland)
Outlook & Strategy

Op-ed: Contracts for Difference – Time for something different?

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Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.

about 3 years ago
LCO2
Outlook & Strategy

Rystad Energy: 55 CO2 carriers needed by 2030

A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will

about 3 years ago
Coral-Sul FLNG (for illustration purposes); Source: Eni
Outlook & Strategy

WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom

Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.

about 3 years ago
ACWA Power inks cooperation deals with six Italian partners, hydrogen included
Outlook & Strategy

ACWA Power inks cooperation deals with six Italian partners, hydrogen included

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). T

about 3 years ago
XL unmanned underwater vehicle begins sea trials
Outlook & Strategy

XL unmanned underwater vehicle begins sea trials

Canada’s Cellula Robotics has commenced sea trials of its extra-large unmanned underwater vehicle (XLUUV), featuring hydrogen fuel cell technology. The initial sea trials of the Solus-XR XLUUV are designed to evaluate surface performance and autonomy, said to offer a valuable opportunity to assess t

about 3 years ago
Triton-C wave energy device heading to deployment site in Hawaii (Courtesy of Oscilla Power)
Outlook & Strategy

US wave energy company wraps preps ahead of Hawaii deployment

Oscilla Power has completed two key preliminary steps in preparation for the launch of its Triton-C wave energy converter at the Wave Energy Test Site (WETS) in Hawaii.

about 3 years ago
Technip Energies presents LNG train solution SnapLNG
Outlook & Strategy

Technip Energies presents LNG train solution SnapLNG

Engineering and technology company Technip Energies has announced SnapLNG, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production. It is a 2.5 mtpa electrically driven LNG train solution comprised of reproducible modules ready for delivery and installation. T

about 3 years ago
Prysmian completes all activities for Viking Link
Outlook & Strategy

Prysmian completes all activities for Viking Link

Prysmian Group has completed the installation and HV testing activities of its submarine and land power cables for the Viking Link interconnector connecting the UK and Denmark. Prysmian was awarded the contract worth approximately €700 million in August 2019 by the UK’s National Grid and Danish Ener

about 3 years ago
Höegh LNG Aker bp
Outlook & Strategy

Höegh LNG, Aker BP forge alliance on CO2 transportation and storage

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c

about 3 years ago
MHI secures FEED contract for hydrogen fluoride plant in Kitakyushu City
Outlook & Strategy

MHI secures FEED contract for hydrogen fluoride plant in Kitakyushu City

Japan’s Mitsubishi Heavy Industries (MHI) has received an order for the front-end engineering and design (FEED) of a hydrogen fluoride production plant, including utility facilities, in Hibikinada Oceanfront Industrial Park in Kitakyushu City, Fukuoka Prefecture. The order came from Mexichem Fluor J

about 3 years ago
Video: Teekay’s Arctic LNG tanker transiting the Northern Sea Route
Outlook & Strategy

Gibson: Russia targeting year-round sailing in Northern Sea Route as early as 2025

Voyages through the Northern Sea Route (NSR) have long been on the radar, but recent developments indicate that Russia is now aiming to establish year-round sailing on this strategic maritime pathway as early as 2025, Gibson Shipbrokers said in a recent report. This ambitious goal comes as Russia se

about 3 years ago
ExoTechnologies and RONN team up on hydrogen propulsion
Outlook & Strategy

ExoTechnologies and RONN team up on hydrogen propulsion

The Isle of Man-based ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, and Arizona-based hydrogen car and truck maker RONN have entered a hydrogen propulsion partnership. The companies, which signed a Letter of Intent (LoI), are expected to develop clean hydrogen electric propulsio

about 3 years ago
World's first methanol-powered boxship (Courtesy of A.P. Moller-Maersk)
Outlook & Strategy

In focus: Backed with government and private funding, offshore energy and shipping industries go full steam ahead towards net-zero future

Europe and the United States have set in place a number of funding programs designed to boost and accelerate the development of a very diverse ‘clean energy sector’, which is being backed by significant initiatives from the major players coming from the more established maritime and oil and gas indu

about 3 years ago