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Outlook & Strategy

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Capacity of UK-France interconnector reduced by 150 MW
Outlook & Strategy

Capacity of planned UK-France interconnector reduced to 1,250 MW

Developers of the FAB interconnector that will link Great Britain and France are planning to submit an updated planning application regarding the project’s converter station in the UK. FAB Link Limited and Réseau de Transport d’Électricité (RTE) have amended the design of the project from a capacity

about 3 years ago
Schematic diagram of possible CCS systems showing the sources for which CCS might be relevant, transport of CO2 and storage options; Courtesy of CO2CRC
Outlook & Strategy

Carbon capture and storage projects and U.S. debt ceiling deal come under fire

Earthjustice sees CCS as a lifeline that the fossil fuels industry can grab to extend the oil and gas industry’s reign on the energy throne.

about 3 years ago
Enagás joins Hanseatic Energy Hub as industrial partner and co-shareholder
Outlook & Strategy

Enagás joins Hanseatic Energy Hub as industrial partner and co-shareholder

Hanseatic Energy Hub (HEH) has selected Enagás, the Spanish transmission system operator (TSO), as its industrial partner for the operation of the liquefied gases terminal in Stade, Germany. Enagás joined the HEH as an industrial partner and co-shareholder with a 10% stake, subject to compliance wit

about 3 years ago
Port of Stephenville
Outlook & Strategy

World Energy GH2 acquires Port of Stephenville to serve as hub for green hydrogen and ammonia shipping

Newfoundland and Labrador-based renewable energy company World Energy GH2 Inc. has acquired the Port of Stephenville, located on the West coast of Newfoundland, Canada. The port is a critical piece of infrastructure as World Energy GH2 works to advance green energy projects in Atlantic Canada which

about 3 years ago
Norwegian partners extend cooperation on subsea production systems
Outlook & Strategy

Norwegian partners extend cooperation on subsea production systems

Aker Solutions has signed a frame agreement extension with Aker BP under which it will provide subsea production systems to the company’s projects on the Norwegian continental shelf (NCS) until 2029. The agreement may also cover assistance to Aker BP for feasibility studies and concept developments,

about 3 years ago
Ireland and Germany formalise cooperation on green hydrogen
Outlook & Strategy

Ireland and Germany formalise cooperation on green hydrogen

The Irish Department of the Environment, Climate and Communications and the German Federal Research Ministry have signed a Joint Declaration of Intent (JDoI) on cooperation in the field of green hydrogen. The Irish Department said that realising the full potential of offshore renewable energy resour

about 3 years ago
methanol-dual fuel Kamsarmax
Outlook & Strategy

Tsuneishi bags 13 orders for methanol-fueled Kamsarmaxes, eyes exclusive dual-fueled vessel production by 2035

Japanese shipbuilder Tsuneishi Shipbuilding aims to exclusively produce dual-fueled vessels by 2035, transitioning away from ships equipped with crude oil-based engines. The move is part of the shipyard’s strategy to become carbon neutral by 2050 by implementing eco-friendly practices across all asp

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Outlook & Strategy

Can oil & gas lend a helping hand in bridging the skills gap in emerging offshore energy sectors?

The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.

about 3 years ago
New development plan for reservoir off Cyprus includes 'change to fundamental project concept'
Outlook & Strategy

New development plan for reservoir off Cyprus includes ‘change to fundamental project concept’

The partners behind the Aphrodite Reservoir in Cyprus have submitted an updated plan for the development of the project to the country’s government, said to include a change to the fundamental project concept of the approved development and production plan. Chevron Cyprus, BG Cyprus, part of Shell,

about 3 years ago
Sener designs new biofuel tanker able to capture CO2 from other vessels
Outlook & Strategy

Sener designs new biofuel tanker able to capture CO2 from other vessels

Technology and engineering group Sener has completed the conceptual design of a new model of sustainable tanker that can carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and can also store the captured CO2 from nearby vessels. According to Sener, the

about 3 years ago
Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone
Outlook & Strategy

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago
Oman signs three green hydrogen project agreements in ‘a significant milestone’
Outlook & Strategy

Oman signs three green hydrogen project agreements in ‘a significant milestone’

In what was described as a significant milestone, Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed agreements to award three hydrogen projects to be developed in the Sultanate. The agreements were signed today, 1 June, as a result of the first round of Hydrom’

about 3 years ago
GOGL
Outlook & Strategy

GOGL CEO relinquishes leadership role

Ulrik Uhrenfeldt Andersen, the CEO of Golden Ocean Group, revealed his decision to step down from the position after leading the company through a period of immense growth and environmental transformation. GOGL’s board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to

about 3 years ago
Prysmian investing €120 million in 'world's first cable plant that achieved net-zero'
Outlook & Strategy

Prysmian investing €120 million in ‘world’s first cable plant to have achieved net zero’

Italian cabling giant Prysmian Group is set to invest around €120 million in its plant in Pikkala, Finland, in order to further increase the production capacity of 525 kV HVDC submarine cable systems. New vertical continuous vulcanization (VCV) lines at the Finnish plant are expected to more than do

about 3 years ago
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