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Outlook & Strategy

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Oman LNG continues supply deals spree with Turkish BOTAŞ
Outlook & Strategy

Oman LNG continues supply deals spree with Turkish BOTAŞ

Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG

about 3 years ago
2023 to be a busy year for offshore rigs, pushing utilisation and day rates up, says Westwood
Outlook & Strategy

Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates

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Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.

about 3 years ago
shipping/Marine insurers
Outlook & Strategy

Landmark report shows marine insurers’ portfolios not measuring up to IMO, Paris targets

A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la

about 3 years ago
UK-headquartered NDT inspections specialist eyes new markets
Outlook & Strategy

UK-headquartered NDT inspections specialist eyes new markets

UK-headquartered NDT inspections specialist TSC Subsea has revealed plans to expand to new markets in the Middle East, Africa and South East Asia. The strategic growth plans are said to follow on from one of TSC Subsea’s most successful years to date in which the company established new bases in Bra

about 3 years ago
MSC Chiyo
Outlook & Strategy

MSC dominates the industry with record-breaking 124-ship orderbook

Swiss-based container shipping giant MSC has the largest orderbook by far in the industry with 124 containerships on order. Namely, MSC has 14 megamax ships and 22 neo-panamax ships on order scheduled for delivery in 2023, according to Alphaliner. The orders are spread between Chinese and South Kore

about 3 years ago
UAE to get its first large-scale methanol production plant
Outlook & Strategy

UAE to get its first large-scale methanol production plant

Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has teamed up with global methanol producer Proman AG to develop the United Arab Emirates’ (UAE) first world-scale methanol production facility. The parties have signed a shareholders agreement to develop the facility with an anticipated annual capaci

about 3 years ago
Ursula von der Leyen, President of the European Commission
Outlook & Strategy

In focus: Energy transition caught between cooperation and fragmentation

The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect

about 3 years ago
ACWA Power to work on first green hydrogen and ammonia projects in Uzbekistan
Outlook & Strategy

ACWA Power to work on first green hydrogen and ammonia projects in Uzbekistan

ACWA Power, a Saudi developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, Uzbekistan’s Ministry of Energy, and Uzkimyosanoat, an Uzbekistan-owned chemical company, have signed extensive heads of terms agreements to develop a green hydrogen fa

about 3 years ago
LNG Bunkering
Outlook & Strategy

185 global ports can bunker LNG

Ports around the world are ramping up their efforts to develop LNG bunkering infrastructure as demand for LNG-fuelled ships hits new highs. Over the past year, 44 global ports have joined the club of global ports able to provide LNG bunkering. Namely, according to the data from Clarksons, in January

about 3 years ago
ACWA Power and European electricity supplier shake hands on green hydrogen projects
Outlook & Strategy

ACWA Power and European electricity supplier shake hands on green hydrogen projects

Saudi developer of green hydrogen projects ACWA Power has finalised a partnership agreement with Austria’s electricity company Verbund to jointly explore the potential development of green hydrogen projects in the Middle East region. The companies signed a memorandum of understanding (MoU) during th

about 3 years ago
thyssenkrupp Uhde and ADNOC ally on ammonia cracking to boost hydrogen economy
Outlook & Strategy

thyssenkrupp Uhde and ADNOC ally on ammonia cracking to boost hydrogen economy

thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp Group that specialises in chemical engineering, and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean

about 3 years ago
Wartsila
Outlook & Strategy

Wärtsilä: Volatile attitude toward digitalisation of maritime industry persists

Some 78% of industry professionals agree that change and technological innovation are positive things for the maritime industry, according to a report by Wärtsilä Corporation. However, almost half (45%) admit to having a volatile attitude towards technology and over a third (36%) say they are active

about 3 years ago
Illustration; Ammonia-ready
Outlook & Strategy

Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago
Energy transition needs fair and realistic solutions; natural gas is destination fuel, says Qatar’s energy minister
Outlook & Strategy

Energy transition needs fair and realistic solutions; natural gas is destination fuel, says Qatar’s energy minister

So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo

about 3 years ago