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Outlook & Strategy

Oil demand to take a severe hit if Russia’s war in Ukraine is prolonged – Rystad

War in Ukraine could result in as much as 1 million bpd of oil demand being removed from the global market, research by Rystad Energy shows.

about 4 years ago

Hydrus Group's facilities (Courtesy of Hydrus Group)

Outlook & Strategy

Quoceant starts Q-Connect dry trials

Scottish engineering consultancy Quoceant has started testing its novel quick connection system for wave energy – the Q-Connect – at Hydrus Group’s facilities.

about 4 years ago

North Star rakes in over $133.7 million in most sizeable order book in recent years

Outlook & Strategy

New batch of contracts for North Star fleet marks its ‘most sizeable order book’ in years

North Star has inked contracts totalling over $133 million, marking its most sizeable ERRV order book in recent years.

about 4 years ago

An image of Havfram's planned wind turbine installation vessel

Outlook & Strategy

Subsea contractor targets electrification market for oil & gas through offshore wind

Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in

about 4 years ago

Outlook & Strategy

Neptune going ‘beyond net-zero’ in bid to store more CO2 than it emits by 2030

Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.

about 4 years ago

Outlook & Strategy

Oil prices jump as sanctions spur supply fears while OPEC+ reconfirms output plans

Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.

about 4 years ago

Eco Wave Power's wave energy array in Gibraltar (Courtesy of Eco Wave Power)

Outlook & Strategy

Eco Wave Power to relocate wave energy plant from Gibraltar to Los Angeles

Eco Wave Power has outlined plans to relocate its wave energy power plant from Gibraltar to AltaSea’s premises in the Port of Los Angeles.

about 4 years ago

Aibel hands over second Johan Sverdrup’s processing platform to Equinor

Outlook & Strategy

Norwegian contractor boasts largest ever delivery after completing another Johan Sverdrup platform

Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.

about 4 years ago

Outlook & Strategy

Spanish partners look into solutions for maritime decarbonisation

Spanish energy company Repsol and compatriot shipbuilder Navantia have signed a collaboration agreement to develop solutions for maritime transport decarbonisation.

about 4 years ago

RW Power's desalination pump at PLOCAN (Courtesy of PLOCAN)

Outlook & Strategy

RW Power installs wave-powered desalination pump off Canary Islands

Norwegian company RW Power has installed its wave energy-powered seawater pumping device for a new set of trials at the Oceanic Platform of the Canary Islands (PLOCAN).

about 4 years ago

Outlook & Strategy

World’s 1st large-scale e-methanol project to fuel Maersk’s boxships

Technology firm Siemens Energy has secured an order from European Energy to deliver an electrolyzer plant for what is deemed as the world’s first large-scale commercial e-methanol project.

about 4 years ago

Outlook & Strategy

Shearwater returns to Edvard Grieg, divests four seismic vessels

Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed

about 4 years ago

Cameron McNatt with Blue X wave energy prototype (Courtesy of Mocean Energy)

Outlook & Strategy

Mocean Energy lands funds to build wave energy device for oil and gas sector

Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.

about 4 years ago

Outlook & Strategy

LNG fuel conversion and jumboization: Partners win BV AiP for new boxship retrofit concept

GTT, Alwena Shipping and CHI Zhoushan have received AiP from BV for a new concept, combining LNG retrofit and jumboization applied to large containerships.

about 4 years ago