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Outlook & Strategy

UK, UAE ally on clean energy, hydrogen included

The UK and UAE have signed a Memorandum of Understanding (MoU) expected to help facilitate the sharing of technical knowledge, advice, skills, and expertise, opening up new avenues for cooperation on energy and climate, while boosting jobs and investment in the UK. UK Business and Energy Secretary G

about 3 years ago

Outlook & Strategy

Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe

Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste

about 3 years ago

Outlook & Strategy

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago

Outlook & Strategy

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago

Outlook & Strategy

Shell forms LNG and hydrogen partnerships with Oman

Oil and gas giant Shell has signed multiple partnership agreements with Oman’s Ministry of Energy and Minerals, Oman LNG and OQ, former Oman Oil Company, in fields of liquefied natural gas (LNG) and hydrogen. On 10 January, Oman LNG revealed it had signed a term sheet with Shell International Tradin

about 3 years ago

Outlook & Strategy

In focus: Ammonia emerges as a ‘trump card’ as countries dash for energy security

As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.

about 3 years ago

UAE’s oil & gas giant earmarks $15 billion for decarbonisation

Outlook & Strategy

UAE’s oil & gas giant earmarks $15 billion for low-carbon projects

To scale up its decarbonisation efforts by 2030, ADNOC has hammered out a multi-year action plan, allocating $15 bln for low-carbon projects.

about 3 years ago

Outlook & Strategy

Israel to implement 0.10 pct sulphur cap in ports

Vessels calling at Israeli ports will need to burn marine fuels with a 0.10% maximum sulphur content under new regulations taking effect in February 2023, the North Club informed. As informed, the Israeli government is enacting new regulations that will put in place measures similar to the EU direct

about 3 years ago

Outlook & Strategy

OMV Yemen changing hands

Zenith Energy Netherlands, part of Canadian oil and gas company Zenith Energy, has entered into a share purchase agreement (SPA) with Austria’s OMV Exploration and Production to acquire OMV Yemen. Under the SPA, Zenith Energy Netherlands will, subject to certain conditions, acquire 100 per cent of O

about 3 years ago

Outlook & Strategy

A year in review for methanol as marine fuel: 82 ships by 2028

2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au

about 3 years ago

2022 in review: Incidents related to offshore oil & gas

Outlook & Strategy

2022 in review: Some of the major incidents related to offshore oil & gas

Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.

about 3 years ago

Outlook & Strategy

Hydrogen needs to grow sevenfold to support global energy transition, report says

A report by Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision, suggests that hydrogen needs to grow sevenfold to support the global energy transition, eventually accounting for 10% of total energy consumption by 2050. The report, named Sufficiency, sus

about 3 years ago

Outlook & Strategy

Breathing new life into oil rigs

While the oil & gas infrastructure needs to be retired at the end of service life, does this have to be the end for these giant beasts?

about 3 years ago

Outlook & Strategy

Most read stories on Green Marine in 2022

As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]

about 3 years ago