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Outlook & Strategy

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Illustration/CorPower’s C3 wave energy device (Courtesy of CorPower Ocean/Photo by Colin Keldie)
Outlook & Strategy

Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables

Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.

about 4 years ago
A carousel with Hellenic Cables' cables
Outlook & Strategy

Hellenic Cables’ net-zero targets approved

The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f

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about 4 years ago
Star Bulk
Outlook & Strategy

Star Bulk: Green shipping corridors simplify the decarbonisation challenge

Last month, Greek dry bulk shipping company Star Bulk joined a landmark initiative that aims to create the first of its kind green corridor between Australia and East Asia for shipping iron ore.

about 4 years ago
Illustration/Offshore wind farm collocated with wave energy farm (Courtesy of CorPower Ocean
Outlook & Strategy

Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar

The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.

about 4 years ago
Two Norwegian players join forces to pursue hydrogen potential in maritime sector as “fuel for the future”
Outlook & Strategy

Two Norwegian players to explore the use of hydrogen as ‘fuel for the future’ in maritime sector

Golden Energy Offshore has teamed up with Gen2 Energy to explore the use and availability of hydrogen-based fuel in the maritime industry.

about 4 years ago
EU ETS
Outlook & Strategy

Outpacing global regulator, EU moves to introduce carbon pricing for shipping and Ocean Fund

The European Parliament’s Environment Committee (ENVI) has voted to adopt the European Commission’s proposal to include shipping in the EU Emissions Trading System (ETS), surpassing the (in)activity of the UN maritime body, the International Maritime Organization (IMO), to introduce a similar system

about 4 years ago
Ursula von der Leyen - REPowerEU
Outlook & Strategy

EU sets out plan to tackle double whammy of dependence on Russian fossil fuels and climate crisis

The European Commission has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.

about 4 years ago
EU ETS
Outlook & Strategy

EU Parliament votes for EU ETS reform to combat climate change

On 17 May 2022, Members of the European Parliament (MEPs) voted in favour of amendments to the EU Emissions Trading System (EU ETS) in the Environment Committee.

about 4 years ago
Nova Innovation cheers selection of Yell for Carbon Neutral Islands project
Outlook & Strategy

Nova Innovation cheers selection of Yell for Carbon Neutral Islands project

Tidal energy pioneer Nova Innovation has welcomed the Scottish Government’s move to select Yell in Shetland as one of six islands included in its Carbon Neutral Islands (CNI) project.

about 4 years ago
NSTA
Outlook & Strategy

NSTA’s map to help North Sea operators reduce subsea decom costs

The North Sea Transition Authority (NSTA) has created a map and a dataset of assets to support four North Sea operators in their ambition to reduce subsea decommissioning costs by 50%.

about 4 years ago
A photo of the offshore wind turbines at Borssele 1 & 2 offshore wind farm
Outlook & Strategy

Four EU countries set joint offshore wind target of 150 GW by 2050

Belgium, Denmark, Germany, and the Netherlands are set to reveal a joint offshore wind target of having at least 150 GW of generation capacity installed by 2050 to speed up the phase-out of fossil fuels and to minimise reliance on energy imports from Russia. The offshore wind target will be announce

about 4 years ago
ammonia
Outlook & Strategy

First ammonia cracker prototype turns zero-emission shipping into a reality

Helbio, a subsidiary of Sweden-based energy system developer Metacon has delivered the first “ammonia cracker” prototype to the Norwegian maritime technology company Pherousa Green Technologies.

about 4 years ago
Inna Braverman with Antonio Zaforteza (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power outlines implementation plan for wave power plant in Spain

Eco Wave Power and its project partner OCIBAR have agreed terms for the detailed feasibility study and project licensing for the 2MW wave energy plant in Port Adriano.

about 4 years ago
Offshore rig utilisation rate higher than reported as market continues to tighten, Westwood says
Outlook & Strategy

Offshore rig utilisation rate even higher than reported as market continues to tighten, Westwood says

Westwood has revealed that the offshore rig utilisation is expected to continue its upward traction and spur a further rise in day rates.

about 4 years ago