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Outlook & Strategy

Canadian oil and gas firm becoming sole owner of Thai subsidiary

Canada-headquartered upstream oil and gas company Valeura Energy is acquiring the remaining minority interest in its special purpose vehicle subsidiary company Valeura Energy Asia Pte. Ltd, which holds all of the company’s assets in Thailand. Through a share exchange agreement (SEA), Valeura will ac

about 3 years ago

Outlook & Strategy

Sempra reaches FID for Port Arthur LNG

Sempra Infrastructure, a subsidiary of Sempra, has reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. On 20 March, Sempra revealed reaching the FID and closing its joint venture with an

about 3 years ago

Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling

Outlook & Strategy

Oil & gas boom and rig shortage fuel Shelf Drilling CEO’s hopes of multi-year upcycle for jack-ups

With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.

about 3 years ago

Outlook & Strategy

Samskip orders two zero-emission hydrogen-powered feeders at Cochin

Cochin Shipyard Limited (CSL), India’s top shipbuilder, has won a contract from Dutch logistics company Samskip for the design and construction of two zero-emission feeder container vessels. The project, which includes an option for two more vessels, represents one of the world’s first zero-emission

about 3 years ago

Outlook & Strategy

Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses

A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maers

about 3 years ago

Outlook & Strategy

Belgian offshore surveying company opens first US office

Belgium-based provider of offshore survey services GEOxyz has opened its first office in the United States. The new office is located in New Brunswick, New Jersey, and will serve as GEOxyz’s U.S. headquarters. It will be led by Vice President U.S., Douglas Forbes, and Director U.S., Leeron Tagger. A

about 3 years ago

ORPC’s RivGen device operating in Alaska (Courtesy of ORPC)

Outlook & Strategy

US research delivers improved tidal turbine blade designs

Ocean Renewable Power Company (ORPC), together with its research partners, has developed new marine energy blade designs that use composite materials to reduce costs and increase energy capture by up to 24%.

about 3 years ago

Outlook & Strategy

‘Major milestone’ in installation of Shetland HVDC Link

NKT has completed the cable pull-in of the 320 kV HVDC power cable for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The pull-in operations were completed by the crew on board the cable-laying vessel NKT Victoria. Once secured in the transition joint bay, the

about 3 years ago

Outlook & Strategy

HydrogenPro steps into US market with establishment of manufacturing facility

Norwegian HydrogenPro, a technology company and an OEM for high-pressure alkaline electrolysers, has announced it will take its first major step into the US market with the establishment of a 500 MW manufacturing facility in Texas, US, with an estimated total investment cost of $30-50 million. Accor

about 3 years ago

Seabased’s CEO with government officials following MoU signing (Courtesy of Seabased)

Outlook & Strategy

Seabased shakes hands for 10MW wave energy plant in Tonga

Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) for the development of 10MW wave energy plant offshore the Polynesian country and archipelagic state of Tonga.

about 3 years ago

Outlook & Strategy

New European partnership to support energy transition, hydrogen in focus

Hydrogen Europe, Hydrogen Europe Research, and EURAMET (the European Association of National Metrology Institutes) have signed a Memorandum of Understanding (MoU) to foster cooperation for the mutual benefit of the associations, in support of hydrogen research and technology requiring metrological k

about 3 years ago

Outlook & Strategy

HD Hyundai, Avikus to spearhead verification of fuel savings through autonomous navigation

South Korea’s shipbuilding major Korea Shipbuilding & Offshore Engineering, a subsidiary of HD Hyundai, has signed an agreement with Avikus, a compatriot startup specializing in autonomous navigation solutions, to conduct a fuel-saving verification project using autonomous navigation systems. The pr

about 3 years ago

Atlantis platform in the Gulf of Mexico; Source: BP

Outlook & Strategy

Offshore oil worker medevaced from BP’s Gulf of Mexico platform

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 28-year-old male worker from a BP-operated platform.

about 3 years ago

Outlook & Strategy

In focus: A case for a European offshore hydrogen backbone

300 terawatt hours (TWh) of green hydrogen could potentially be produced using electricity from offshore wind farms in the North Sea by 2050, and used not only to decarbonize hard-to-abate sectors but also to boost the security of energy supply in Europe, a new study has shown. The “Specification of

about 3 years ago