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Outlook & Strategy

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TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
Outlook & Strategy

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub

about 3 years ago
GOGL
Outlook & Strategy

Safe Bulkers welcomes 4th newbuild, advances eco upgrades

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Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with

about 3 years ago
Sailing community leaps towards greener future as first hydrogen-run coach boat hits water
Outlook & Strategy

Sailing community leaps towards greener future as first hydrogen-run coach boat hits water

At the 2023 World Sailing Championships in The Hague, Netherlands, Dutch sailing organization Watersportverbond will introduce its first-ever emission-free, hydrogen-powered coach boat, the H2C Boat. According to German electric drive system provider Torqeedo, the boat, equipped with its Deep Blue e

about 3 years ago
BP and OMV ink long-term LNG supply agreement
Outlook & Strategy

BP and OMV ink long-term LNG supply agreement

UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob

about 3 years ago
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Outlook & Strategy

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago
The composite hull for the 1:6 scale version of utility-scale Triton wave energy converter (Courtesy of Balky Nair/CEO of Oscilla Power)
Outlook & Strategy

Oscilla Power starts building smaller version of its utility-scale Triton wave energy device

US-based wave energy developer Oscilla Power has started with the construction of 1:6 scale version of its 1MW Triton wave energy converter.

about 3 years ago
Ireland plans interconnector expansion to EU and UK, aiming to become renewable energy exporter
Outlook & Strategy

Ireland plans interconnector expansion to EU and UK, aims to become renewable energy exporter

The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity

about 3 years ago
EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal
Outlook & Strategy

EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal

The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise

about 3 years ago
HEMEXPO teams up with DNV to review energy-saving devices
Outlook & Strategy

HEMEXPO teams up with DNV to review energy-saving devices

Hellenic Marine Equipment Manufacturers and Exporters (HEMEXPO) has reached an agreement with the classification society DNV for the assessment of energy-saving devices (ESDs) produced by HEMEXPO member companies. Under the terms of the agreement, DNV will review a makers list provided by HEMEXPO to

about 3 years ago
Nigerian LNG’s expansion project in Bonny gains ground
Outlook & Strategy

Nigerian LNG’s expansion project in Bonny gains ground

In a stride towards enhancing Nigeria’s natural gas processing and export capacity, Onne Multipurpose Terminal (OMT), in collaboration with Horatio, Chairborne Global Services, Kerry Logistics and IO Materials Services, recently facilitated the unloading of essential project modules for Nigerian LNG

about 3 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Outlook & Strategy

US Department of Energy backs 7 marine energy projects with nearly $10 million

The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.

about 3 years ago
Fugro delivers on mid-term targets with offshore wind activities leading the way
Outlook & Strategy

Fugro delivers on mid-term targets with offshore wind activities leading the way

Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore

about 3 years ago
North Adriatic Hydrogen Valley project set to kick off in September 2023
Outlook & Strategy

North Adriatic Hydrogen Valley project set to kick off in September 2023

The North Adriatic Hydrogen Valley (NAHV) project, a transnational project by Slovenia, Croatia and the Italian Region of Friuli Venezia Giulia, has received the official green light for its implementation as of 1 September 2023. Last week, Holding Slovenske Elektrarne (HSE), the leading partner in

about 3 years ago
CCS AIP
Outlook & Strategy

China’s first methanol bunkering ship gets green light

CCS Wuhan Rules & Research Institute, a key institute directly under the China Classification Society, has granted an Approval in Principle (AiP) certificate to Zhejiang Seahead Ship Design and Research Institute Co. for China’s first methanol-fueled bunkering ship. The methanol-fueled bunkering shi

about 3 years ago