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Outlook & Strategy

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Project Greensand gets DNV's safety approval
Outlook & Strategy

Project Greensand gets DNV’s safety approval

Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The

about 3 years ago
CSSC BASF
Outlook & Strategy

BASF joins forces with CSSC on onboard carbon capture tech

CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. The partnership is expected to

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about 3 years ago
The signing of strategic agreement for wave energy farms in India (Courtesy of Havkraft/Photo by frequency.no)
Outlook & Strategy

Norwegian wave energy company sets out to explore large-scale projects in India

Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.

about 3 years ago
Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality
Outlook & Strategy

Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality

Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh

about 3 years ago
CIP buys stake in CWP’s green hydrogen development portfolio
Outlook & Strategy

CIP buys stake in CWP’s green hydrogen development portfolio

Copenhagen Infrastructure Partners (CIP) has made a strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. CWP Global, a developer of renewable energy, currently has a green hydrogen hub portf

about 3 years ago
Global OTEC’s 1.5MW floating OTEC platform named Dominique (Courtesy of Global OTEC)
Outlook & Strategy

Grenada hosts OTEC power talks

Focusing on its renewable energy transition, the government of the Caribbean island state of Grenada held a roundtable discussion on ocean thermal energy conversion (OTEC), under the banner of the Global Ocean Energy Alliance (GLOEA).

about 3 years ago
SHI
Outlook & Strategy

SHI to set up R&D center in Busan

South Korea’s shipbuilder Samsung Heavy Industries (SHI) has revealed plans to establish a new research and development (R&D) center in Busan as part of its strategy to enhance its marine engineering expertise and design capabilities. The company signed an investment memorandum of understanding (MOU

about 3 years ago
Illustration; Source: Wood Mackenzie
Outlook & Strategy

Golden Triangle and Mediterranean to spearhead rise in rig demand

Wood Mackenzie anticipates floating rig demand to skyrocket by a further 20 per cent over the next two years.

about 3 years ago
New subsea link in Greece goes into full operation
Outlook & Strategy

New subsea link in Greece goes into full operation

Greek electricity grid operator Independent Power Transmission Operator (IPTO) has put the Western Corridor, part of the Peloponnese interconnection, into full operation. The Western Corridor includes the electricity transmission line connecting Megalopoli with Patras and Western Central Greece, con

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of Exceedence)
Outlook & Strategy

Exceedence announces crowdfunding campaign

Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.

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

Industry taskforce to develop guide on seabed change effects on offshore renewables

The Offshore Renewable Energy (ORE) Catapult has joined forces with leading offshore wind developers and seabed mobility experts to provide clear guidance on seabed change and how it affects offshore wind and marine energy projects.

about 3 years ago
Iberdrola, ACE Terminal and Hynetwork services forge plan for Spanish-Dutch hydrogen corridor
Outlook & Strategy

Iberdrola, ACE Terminal and Hynetwork services forge plan for Spanish-Dutch hydrogen corridor

Iberdrola, ACE Terminal and Hynetwork Services have signed two agreements to bolster the establishment of the green hydrogen maritime corridor between Spain and the Netherlands. The agreements were signed on 13 June when the Executive Chairman of Iberdrola, Ignacio Galan, received His Majesty the Ki

about 3 years ago
First UK-Norway interconnector back in full capacity following repairs
Outlook & Strategy

First UK-Norway interconnector back in full capacity following repairs

The 1,400 MW North Sea Link (NSL) that connects the UK and Norway is set to return to full operations today, 13 June, following the repair of a technical fault which saw the project operating at half capacity. Norway’s Statnett reported on 8 June that a fault caused the unavailability of the NSL int

about 3 years ago
EU
Outlook & Strategy

European Hydrogen Bank linked with Germany’s H2Global scheme to support hydrogen ramp-up

The European Hydrogen Bank, an initiative by the European Commission to facilitate both renewable hydrogen production within the EU and imports, has been linked with Germany’s H2Global support scheme to enhance global hydrogen ramp-up. European Commissioner for Energy Kadri Simson and German Federal

about 3 years ago