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Outlook & Strategy

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Clean FuelGreen MarineBusiness & FinanceMarket OutlooksPorts & LogisticsTransitionVesselsFossil EnergyOil & GasSubseaBusiness Developments & ProjectsAuthorities & GovernmentCarbon Capture Usage & StorageEnvironmentProject & TendersRegulation & PolicyRules & RegulationAmmoniaCollaborationExploration & ProductionShipbuildingInfrastructureSafetyRigsEnergy Efficiency & InnovationFiltration & SeparationLNGPropulsionResearch & DevelopmentMarine EnergyEquipmentTechnologyVisionHydrogenFPSO & Vessels
Shipping
Outlook & Strategy

Counting the cost of going green: The steep price of switching to e-methanol

The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new

about 3 years ago
Growing oil & gas demand brings Perma-Pipe to the UAE
Outlook & Strategy

Growing oil & gas demand brings Perma-Pipe to the UAE

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As a response to the growing demand for the oil and gas industry in the Middle East, Texas-headquartered Perma-Pipe International has opened a new plant in the United Arab Emirates, said to be its largest production facility outside North America. The Abu Dhabi-based facility was inaugurated at an o

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago
ADNOC, Currenta, and Germany’s North Rhine-Westphalia partner up for ammonia value chain
Outlook & Strategy

ADNOC, Currenta, and Germany’s North Rhine-Westphalia partner up for ammonia value chain

Abu Dhabi National Oil Company (ADNOC), a provider of lower-carbon intensity energy, has announced that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia value chain with state government and industry representatives

about 3 years ago
Shipbreaking
Outlook & Strategy

Wreckdock sets sights on recycling up to 52 ships annually in its new facility

Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe and sustainable facility in Saudi Arabia for the circular demolition of vessels. The company plans to build four drydocks from 350 meters to 500 meters long with eight quays equipped with heavy-duty cra

about 3 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Outlook & Strategy

Oil & gas boom and rig shortage fuel Shelf Drilling CEO’s hopes of multi-year upcycle for jack-ups

With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.

about 3 years ago
MAMII members
Outlook & Strategy

7 new members join methane busting initiative

Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings

about 3 years ago
Sustainable Marine’s PLAT-I 6.40 platform deployed at Grand Passage in Nova Scotia (Courtesy of Sustainable Marine)
Outlook & Strategy

IEA-OES: Ocean energy advancements made across the globe in 2022

Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022.

about 3 years ago
Aramco and Linde Engineering to develop ammonia cracking technology
Outlook & Strategy

Aramco and Linde Engineering to develop ammonia cracking technology

Energy company Aramco and gas and engineering company Linde Engineering have signed an agreement to jointly develop a new ammonia cracking technology, using their experience and capabilities in industrial research and development, lower-carbon hydrogen, and ammonia cracking technology. Aramco said t

about 3 years ago
Scrubber
Outlook & Strategy

BIMCO: Scrubber installation set to rise despite 2022 fall

Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expe

about 3 years ago
Illustration; Source: Westwood
Outlook & Strategy

With exploration farm-outs of higher risk wells being more common, Westwood urges buyers to beware

Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.

about 3 years ago
Oman makes multi-billion-dollar hydrogen move
Outlook & Strategy

Oman makes multi-billion-dollar hydrogen move

Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed six term-sheet agreements for hydrogen production worth more than RO 20 billion (around $51 billion) over the next seven years. The agreements were signed with developers from Belgium, the Netherlands, the Unite

about 3 years ago
Illustration; Source: Rystad Energy
Outlook & Strategy

Offshore oil & gas set for growth with $214 bln of investments in the pipeline

With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.

about 3 years ago
Aramco
Outlook & Strategy

Saudi giant’s profit skyrockets to whopping $161.1 bln with oil & gas seen as ‘essential’ in energy arsenal

Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.

about 3 years ago