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Outlook & Strategy

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New company for offshore services comes to market
Outlook & Strategy

New company for offshore services comes to market

France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos

about 3 years ago
Belgium and Germany bolster energy collaboration
Outlook & Strategy

Belgium and Germany bolster energy collaboration

Belgium and Germany have signed an agreement to intensify their energy collaboration and enhance their energy independence, through an Energy Contact Group among other things. The agreement was signed on 15 February in Zeebrugge where Belgian Prime Minister Alexander De Croo received German Chancell

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about 3 years ago
NetBuoy deployed for sea trials in the Cromarty Firth, Scotland (Courtesy of TTI)
Outlook & Strategy

US company to use TTI’s NetBuoy concept for wave energy device

California-based wave energy technology developer Centipod has teamed up with TTI Marine Renewables, a Scottish subsidiary of Tension Technology International (TTI), on the development of its wave energy device.

about 3 years ago
LNG Bunkering
Outlook & Strategy

ECSA calls for inclusion of fuel suppliers under the scope of FuelEU Maritime

The European Community Shipowners’ Associations (ECSA) calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime as proposed by the European Parliament in Amendment 129. The amendment approved on October 19th says that if

about 3 years ago
FuelCell Energy and MHB to develop large-scale electrolyzer facilities
Outlook & Strategy

FuelCell Energy and MHB to develop large-scale electrolyzer facilities

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z

about 3 years ago
Euronav
Outlook & Strategy

Euronav teams up with Toqua to save fuel and cut emissions

Belgian tanker shipping major Euronav has teamed up with Toqua, a compatriot tech startup focusing on decarbonizing shipping using AI to reduce emissions and improve fuel efficiency. The collaboration began in 2020 when Euronav and Toqua explored how sensor data could improve ship performance models

about 3 years ago
Shell: Europe’s LNG demand to intensify competition and dominate trade in the long term
Outlook & Strategy

Shell: Europe’s LNG demand to intensify competition and dominate trade in the long term

Europes’s increased need for liquefied natural gas (LNG) will likely intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the long term, energy major Shell stated in its LNG Outlook 2023. It is reported that European countries, incl

about 3 years ago
Equinor's 20-year-old Norwegian Sea field gets lifetime extension
Outlook & Strategy

Equinor’s 20-year-old Norwegian Sea field gets lifetime extension

The Norwegian Petroleum Directorate (NPD) has granted Equinor consent for the extended use of the subsea facility on the Mikkel field in the Norwegian Sea for another five years. Mikkel lies on the Halten Bank, 35 kilometers south of the Midgard deposit in the Åsgard license. It produces through the

about 3 years ago
Asso.subsea connects Greek island-based wind farm to mainland (Gallery)
Outlook & Strategy

Asso.subsea connects Greek island-based wind farm to mainland (Gallery)

Asso.subsea has completed the installation of the 150 kV submarine cable system which will connect a 330 MW onshore wind farm on the Greek island Evia to the country’s mainland grid. The company announced on 16 February the completion of the submarine export cable installation and protection for the

about 3 years ago
Illustration (Courtesy of FLORES Project)
Outlook & Strategy

EU project FLORES kicks off to boost skills in offshore renewables sector

EU-backed Forward Looking at the Offshore Renewables (FLORES) project has been officially launched to develop tools and activities to foster the development of skills in the offshore renewable energy sector.

about 3 years ago
Japanese oil and gas player expands footprint off Malaysia
Outlook & Strategy

Japanese oil and gas player expands footprint off Malaysia

Japan’s oil and gas producer Inpex has secured two offshore hydrocarbon exploration licenses in Malaysia’s latest bid round. Inpex reported on 15 February that it had executed production sharing contracts (PSC) with Petroliam Nasional Berhad (Petronas), Petronas Carigali Sdn. Bhd. (PCSB) and Petrole

about 3 years ago
Value Maritime’s Filtree system
Outlook & Strategy

WATCH: Eastern Pacific Shipping fits Value Maritime’s CSS system on a managed tanker

Singapore-based ship management company Eastern Pacific Shipping (EPS) has completed the installation of Value Maritime’s (VM) Filtree system onboard its managed vessel M/T Pacific Cobalt in Rotterdam, the Netherlands. The Filtree system, which filters sulphur and 99% of particulate matter, include

about 3 years ago
JERA and TAQA enter decarbonisation partnership
Outlook & Strategy

JERA and TAQA enter decarbonisation partnership

Japanese energy major JERA has signed a Memorandum of Understanding (MOU) with Abu Dhabi National Energy Company (TAQA) that will see them explore opportunities to work together to develop projects in the area of decarbonisation. The partnership follows JERA’s efforts to develop business in the Midd

about 3 years ago
Amogy starts testing ammonia-to-power platform for maritime applications
Outlook & Strategy

Amogy starts testing ammonia-to-power platform for maritime applications

Brooklyn-based technology startup Amogy has signed a letter of intent and a lease with Sustainable Energy Catapult Center to kick-start testing operations for its 200kW ammonia-to-power platform in Norway. The operations will take place at Amogy’s recently launched testing facility for new and susta

about 3 years ago