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Outlook & Strategy

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Germany updates its national hydrogen strategy
Outlook & Strategy

Germany updates its national hydrogen strategy

Germany has decided to update the National Hydrogen Strategy with the increased level of ambition in climate protection and the new challenges in the energy market. The Federal Cabinet made the decision on 26 July preceded by a political agreement of all departments, including the five core departme

about 3 years ago
Odfjell Terminals Korea Maersk Solstice
Outlook & Strategy

SunGas to invest $2 bln in green methanol plant to power Maersk’s ships

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SunGas Renewables, a Texas-based spin-out of GTI Energy, is forming a new subsidiary named Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. The facility is expected to produce nearly 400,000 metric tons of green methanol per yea

about 3 years ago
SLB and Eni in alliance for pipeline integrity monitoring and analysis
Outlook & Strategy

SLB and Eni in alliance for pipeline integrity monitoring and analysis

SLB and Eni, through its subsidiary Enivibes, have established an alliance for the deployment of a vibroacoustic wave detection system said to be capable of providing real-time analysis, monitoring and leak detection for pipelines around the world. The alliance covers the deployment of e-vpms (Eni V

about 3 years ago
There is NO time for antagonism among marine fuel proponents
Outlook & Strategy

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago
Energy Industries Council (EIC)
Outlook & Strategy

Are net-zero aspirations in jeopardy with oil & gas boom at full tilt?

The global oil and gas industry has embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk.

about 3 years ago
With $2.8 billion in revenue so far, Subsea 7 expects to meet full-year 2023 expectations
Outlook & Strategy

With $2.8 billion in revenue so far, Subsea 7 expects to meet full-year 2023 expectations

Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. F

about 3 years ago
SIMEC Atlantis’ tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Outlook & Strategy

Power sales from MeyGen bring in €4.5M to SIMEC Atlantis as co-location with storage emerges as option

The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.

about 3 years ago
AYK Energy opens new unit, one of first orders to go for H2-run vessel retrofit
Outlook & Strategy

AYK Energy opens new unit, one of first orders to go for H2-run vessel retrofit

Andorra-based marine battery maker AYK Energy has opened a new 5000 sqm factory in Zhuhai, China, to boost the company’s production capacity. According to AYK Energy Founder Chris Kruger, the factory will ramp up the capacity, using a new automated manufacturing system, to 300 MWH a year, with the a

about 3 years ago
The North Field off Qatar; Source: Qatargas
Outlook & Strategy

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
Hitachi Energy gets preferred supplier status for UK's longest HVDC link
Outlook & Strategy

Hitachi Energy gets preferred supplier status for UK’s longest HVDC link

SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter

about 3 years ago
Illustration (Courtesy of NOAA)
Outlook & Strategy

United States invests $60M in accelerator program for blue economy startups and concepts

The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.

about 3 years ago
Klaipeda LNG terminal assigns 6 TWh regasification capacity for 2024
Outlook & Strategy

Klaipeda LNG terminal assigns 6 TWh regasification capacity for 2024

Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the terminal’s 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year has been allocated to four customers from Lithuania and

about 3 years ago
Nexans new third-generation cable layer will be able to lay four cables at once
Outlook & Strategy

Nexans’ new third-generation cable layer will be able to lay four cables at once

Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa

about 3 years ago
EU Council adopts FuelEU Maritime clearing the final adoption stage
Outlook & Strategy

EU Council adopts FuelEU Maritime clearing the final adoption stage

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. The final hurdle was cleared on Tuesday putting virtually all pieces of the puzzle for regulating shipping’s climate impact into

about 3 years ago