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Outlook & Strategy

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UK firm collects $128 million in new deals with further headcount increase on the horizon
Outlook & Strategy

UK firm collects $128 million in new deals with headcount increase on the horizon

EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.

about 4 years ago
ssi
Outlook & Strategy

The Sustainable Shipping Initiative to collaborate with Mærsk Mc-Kinney Møller Center

On 14 July 2022, the Sustainable Shipping Initiative (SSI) and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing a knowledge partnership agreement, committing to a long-term strategic partnership to accelerate the maritime industry’s decarb

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about 4 years ago
UK safety equipment manufacturer invests millions in new facility to support North Sea oil & gas industry
Outlook & Strategy

UK firm invests millions in new facility to support North Sea oil & gas industry

Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.

about 4 years ago
Contractors win FEED job for UK’s power station with carbon capture
Outlook & Strategy

Contractors win FEED job for UK’s power station with carbon capture

Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.

about 4 years ago
Reach Subsea preparing fleet for ‘strong market development’
Outlook & Strategy

Reach Subsea preparing fleet for ‘strong market development’

Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J

about 4 years ago
Oil & gas trump low-carbon investment plays in H1 2022, says WoodMac
Outlook & Strategy

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago
TAQA keeping all assets in its oil & gas portfolio, bar Dutch assets
Outlook & Strategy

TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones

Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.

about 4 years ago
TGS makes its first renewable energy venture investment
Outlook & Strategy

TGS makes its first renewable energy venture investment

Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens

about 4 years ago
Saipem’s board endorses first sustainability plan combining business with ESG factors to reach net-zero by 2050
Outlook & Strategy

Saipem’s board endorses first sustainability plan with ‘challenging objectives’

Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.

about 4 years ago
Illustration/Sabella’s tidal turbine (Courtesy of Sabella)
Outlook & Strategy

ITRE takes ‘bold action’ to support innovative renewable energy technologies

The renewable energy sector has called on the EU Member States to support the creation of an installation target for innovative renewable energy in the Renewable Energy Directive.

about 4 years ago
Core Power
Outlook & Strategy

Core Power unveils clean fuel solution for North Atlantic green shipping corridor

Core Power has presented a clean fuel solution for the planned Atlantic green shipping corridor.

about 4 years ago
hydrogen
Outlook & Strategy

Green hydrogen for up to 40 vessels — Norway invests in climate-friendly future

Striving to maintain its position as one of the leading sustainable shipping nations, Norway is investing heavily in hydrogen projects within the maritime sector.

about 4 years ago
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
Outlook & Strategy

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago
WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years
Outlook & Strategy

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago