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Outlook & Strategy

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Illustration/Minesto's Dragon 4 (Courtesy of Minesto)
Outlook & Strategy

Minesto grows first quarter loss

Swedish marine energy company Minesto has started 2023 with an increase in net loss for the first quarter, when compared to the first three months of the year before.

about 3 years ago
RWE teams up with Kellas Midstream for green hydrogen production
Outlook & Strategy

RWE teams up with Kellas Midstream for green hydrogen production

Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the

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about 3 years ago
Excelerate Energy purchases FSRU Sequoia
Outlook & Strategy

Excelerate Energy purchases FSRU Sequoia

US-based LNG player Excelerate Energy has completed the purchase of the floating storage regasification unit (FSRU) Sequoia. The FSRU was purchased for a price of $265 million from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands. Last month, Excele

about 3 years ago
Illustration/Part of OPT’s products range (Courtesy of OPT)
Outlook & Strategy

OPT extends contract with US government

US-based marine energy developer Ocean Power Technologies (OPT) has secured a $500,000 extension of its contract with a US government agency for the supply of WAM-V autonomous surface vehicles.

about 3 years ago
World first as IMCA approves Fugro's ROV introductory training course
Outlook & Strategy

World’s first as IMCA approves Fugro’s ROV introductory training course

The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping

about 3 years ago
Klaveness Combination Carriers KCC
Outlook & Strategy

KCC links freight earnings to carbon reduction in shipping contract

KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou

about 3 years ago
MOU HMM, Lotte
Outlook & Strategy

HMM joins hands with LOTTE Fine Chemical on ammonia shipping

South Korean shipping major HMM has signed a Memorandum of Understanding (MoU) with compatriot specialty chemicals company LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel and comes after HMM made a major order for methanol-

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Outlook & Strategy

UK oil & gas operators facing ‘biggest offshore stoppage in a generation,’ as offshore workers down tools

1,300 offshore workers will embark on a “historic” 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf.

about 3 years ago
Stena Prosperous
Outlook & Strategy

Proman Stena Bulk makes waves with 1st barge-to-ship methanol bunkering on US Gulf Coast

Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has completed the first-ever barge-to-ship methanol bunkering on the US Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refuelled with methanol via barge while discharging clean

about 3 years ago
Solitaire; Source: Allseas
Outlook & Strategy

Coast Guard medevacs another crew member from Allseas’ vessel

The U.S. Coast Guard has performed medevac of a crew member from one of Allseas’ vessels around 15 miles south of Port Fourchon, Louisiana.

about 3 years ago
EU ETS
Outlook & Strategy

In focus: Cooperation in offshore energy sector is a bellwether for green transition

The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies. Industry major

about 3 years ago
Carbon capture and storage (CCS) process; Source: Energy Information Australia, an initiative funded by the Australian Petroleum Production & Exploration Association (APPEA)
Outlook & Strategy

Carbon capture utilisation and storage to bring ‘significant’ benefits to Australia

APPEA has thrown support behind the Climate Change Authority’s focus on carbon capture technology, as CCUS is seen as important for net-zero.

about 3 years ago
New study to compare efficiency of diesel and hybrid-powered CTVs
Outlook & Strategy

New study to compare efficiency of diesel and hybrid-powered CTVs

Singapore-based shipbuilding company Strategic Marine has commissioned a study to compare the efficiency of traditional diesel-powered and hybrid-powered crew transfer vessels (CTVs). The study will be conducted by the Maritime Energy and Sustainable Development Centre of Excellence (MESD CoE) at Na

about 3 years ago
Concept for Symphony Wave Power device (Courtesy of Symphony Wave Power)
Outlook & Strategy

Dutch wave energy company submits application for EU project subsidy

Dutch-based Symphony Wave Power has submitted an application for EU subsidy, that would be used for the development of wave energy project offshore the Netherlands.

about 3 years ago