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Outlook & Strategy

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Outlook & Strategy

Sinopec and Cosco Shipping order three 175,000 cbm LNG carriers at Dalian

Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det

about 3 years ago

Outlook & Strategy

Egyptian President clears East Port Said container terminal 2 concession deal with Maersk

Egyptian President Abdel Fattah El- Sisi signed the law of the concession for Container Terminal 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s terminal brand APM Terminals. The contract includes financing, design, development, managemen

about 3 years ago

Outlook & Strategy

World Energy GH2 secures land approval for its green hydrogen project

Canadian renewable energy company World Energy GH2 has been granted approval of Crown land application by the province of Newfoundland and Labrador for its large-scale green hydrogen project – Project Nujio’qonik. The company said that the land approval marks its latest major achievement and propels

about 3 years ago

Outlook & Strategy

Shell Ventures invests in Value Group

Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven

about 3 years ago

Illustration/Verdant Power’s RITE Project (Courtesy of US DOE/ Photo by Paul Komosinski, Drone Altitude/for NREL)

Outlook & Strategy

US government to fund research to improve offshore wind and marine energy deployments

The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States.

about 3 years ago

Outlook & Strategy

CMA CGM wraps up GCT acquisition, eyes development and decarbonization investments

French shipping major CMA CGM Group has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals which was announced in December last year. “Through this strategic investment, the group strengthens its position as a global port terminal operator, and a leading sup

about 3 years ago

Outlook & Strategy

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago

Levi Kilcher, a senior researcher at NREL and the lead author of the new study (Courtesy of NREL/Photo by Taylor Mankle)

Outlook & Strategy

US researchers present methodology for ‘more accurate’ wave energy resource assessment

Researchers from the National Renewable Energy Laboratory (NREL) and Pacific Northwest National Laboratory (PNNL) have developed a more comprehensive and accurate methodology to measure the wave energy available in ocean sites around the world.

about 3 years ago

Outlook & Strategy

Japanese firms looking into hydrogen and ammonia supply chain in Osaka

Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies

about 3 years ago

Outlook & Strategy

Ammonia-powered ships expected to be 50-130 pct pricier to build

The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv

about 3 years ago

Raymond Alcorn, CEO and founder of Exceedence (Courtesy of UCC)

Outlook & Strategy

Exceedence launches €500K crowdfunding campaign

Irish fintech company Exceedence has launched a crowdfunding campaign on Seedrs platform, aiming to raise €500,000 to advance its software solution exfin that can help accelerate the roll out of offshore wind, wave and tidal energy projects.

about 3 years ago

Outlook & Strategy

Petrobras and Chinese players join forces in pursuit of oil & gas, renewables, and CCS opportunities

Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.

about 3 years ago

Outlook & Strategy

EC publishes terms & conditions ahead of hydrogen bank pilot auction

The European Commission (EC) has published terms and conditions for its upcoming pilot auction dedicated to European renewable hydrogen production under the umbrella of the EU Hydrogen Bank. The auction is funded by the Innovation Fund and is intended to open on 23 November 2023. It will award up to

about 3 years ago

Outlook & Strategy

Oman LNG to supply 1.5 mtpa of LNG under new deals with Shell and OQ

Oman LNG has signed binding term sheet agreements with Shell International Trading Middle East FZE and OQ Trading for the supply of more than 1.5 million tonnes per annum (mtpa) of LNG. The company announced the signing of the two agreements on 30 August via social media update. The first agreement

about 3 years ago