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Maersk sells three laid-up vessels for scrap

Outlook & Strategy

Maersk Supply Service sells three laid-up vessels for scrap

Maersk Supply Service has arranged to recycle three vessels as part of its strategy to optimise its fleet portfolio.

about 4 years ago

Yinson hires Kongsberg Maritime to furnish Petrobras FPSO with electrical and control equipment

Outlook & Strategy

Kongsberg to furnish Brazil-bound FPSO with electrical and control equipment

Kongsberg Maritime has inked a deal with Yinson to deliver electrical and control technologies for an FPSO, which will operate off Brazil.

about 4 years ago

UK regulator mulling over divestment proposal as solution for Maersk-Noble merger

Outlook & Strategy

UK regulator mulling over rig sale proposal as solution for Maersk-Noble merger

The UK’s competition regulator might accept a remedy proposal, submitted in response to its concerns about the proposed Noble-Maersk merger.

about 4 years ago

FPP’s basin test campaign at IHCantabria (Courtesy of FPP)

Outlook & Strategy

Danish company concludes floating wind and wave trials in Spain

Danish company Floating Power Plant (FPP) has completed basin tests of its hybrid floating wind and wave platform at IHCantabria facilities in Spain.

about 4 years ago

MPS’ DualSub offshore energy demonstrator (Courtesy of MPS)

Outlook & Strategy

MPS looks for fabrication and assembly hand for wind and wave energy hybrid

Welsh company Marine Power Systems (MPS) has launched a new tender for contractors to provide assistance with the development of megawatt-scale wind and wave energy project in Spain.

about 4 years ago

Longboat executes two-well farm-in deal with OMV

Outlook & Strategy

Longboat gains access to OMV’s two ‘high-quality, gas-weighted’ wells off Norway

Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.

about 4 years ago

Outlook & Strategy

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago

Outlook & Strategy

Yara mulls IPO of clean ammonia business

Norwegian chemical company Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange.

about 4 years ago

The Arrol Gibb Innovation Campus (AGIC) (Courtesy of the University of Edinburgh)

Outlook & Strategy

New energy innovation campus in UK set to transform large-scale manufacturing

The Arrol Gibb Innovation Campus (AGIC) has been launched in Scotland with the aim to transform large-scale manufacturing for energy transition-related sectors.

about 4 years ago

Outlook & Strategy

Italian cabling giant launches share-incentive plan for over 25,000 employees

Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white-collar workers in over 35 countries. Approved by a majority at the Shareholders’ Meeting, the plan will run ov

about 4 years ago

Outlook & Strategy

Poseidon Principles for Marine Insurance enter into force as new signatories join

The UK’s insurance company Navium Marine and its US-based counterpart AXA XL have joined the Poseidon Principles for Marine Insurance as the eighth and ninth signatories, allowing the principles to enter into force.

about 4 years ago

InfinityWEC with the novel high-strength concrete buoy connected to the PTO system (Courtesy of Ocean Harvesting Technologies)

Outlook & Strategy

Ocean Harvesting develops high-strength concrete hull for wave energy device

Swedish company Ocean Harvesting Technologies is developing a novel concrete hull for the InfinityWEC wave energy converter, using high-strength concrete with low environmental footprint.

about 4 years ago

Outlook & Strategy

DB Schenker to operate zero-emission autonomous coastal container feeder in Norway

Germany-based logistics provider DB Schenker has revealed plans to operate a zero-emission coastal container feeder vessel between Ikornnes quay and the Port of Ålesund in Norway.

about 4 years ago

Outlook & Strategy

HAV Group gets go-ahead for hydrogen-based energy system for ships

Norwegian HAV Group ASA has received preliminary approval for the hydrogen-based energy system for ships developed in the FreeCO2ast project, making a step towards the commercial use of hydrogen fuel by a commercial vessel.

about 4 years ago