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Outlook & Strategy

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New action plan comes into the limelight to accelerate decarbonisation
Outlook & Strategy

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago
Cargo
Outlook & Strategy

Cargo owners roll out a roadmap to decarbonize ocean freight by 2040

Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the

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about 3 years ago
Israeli and Moroccan companies forge hydrogen partnership at COP27
Outlook & Strategy

Israeli and Moroccan companies forge hydrogen partnership at COP27

Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy have signed a strategic agreement for the co-development of a gigawatt-scale green hydrogen project. The agreement was signed during the UN Climate Conference COP27, which is being hosted by Egypt in Sharm El-Sheikh. Under the

about 3 years ago
Saudi yard hands out deal for detailed design of new jack-up rigs to U.S. player
Outlook & Strategy

Saudi yard hands out deal for new jack-up rigs to U.S. player

International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.

about 3 years ago
Uniper partners with NewMed Energy on LNG and hydrogen to minimise energy crisis
Outlook & Strategy

Uniper partners with NewMed Energy on LNG and hydrogen to minimise energy crisis

German energy company Uniper and Israel’s NewMed Energy will explore ways of collaborating on the supply of liquefied natural gas (LNG) in the short and long term and producing blue and green hydrogen. The parties have signed a non-binding memorandum of understanding (MoU) to look into the supply of

about 3 years ago
Cleo Bierneza, a seafarer (Third Officer) from the Philippines
Outlook & Strategy

Up to 800,000 seafarers due for carbon upskilling by mid-2030

As many as 800,000 seafarers will require additional training by the mid-2030s to enable the shipping industry to transition towards alternative low- and zero-carbon fuels and technologies with the aim of keeping global warming to 1.5C or less by 2050, a DNV study shows. Findings also suggest that a

about 3 years ago
As Middle East ramps up oil & gas investments, EthosEnergy unveils new regional hub
Outlook & Strategy

As Middle East ramps up oil & gas investments, EthosEnergy unveils new regional hub

EthosEnergy is expanding its presence in the Middle East to respond to the growing rotating and oil and gas equipment market.

about 3 years ago
The signing of MoU between ACWA Power and PLN for floating solar projects in Indonesia (Courtesy of ACWA Power)
Outlook & Strategy

ACWA Power enters floating solar sector

ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.

about 3 years ago
ConocoPhillips signs up for QatarEnergy’s North Field South LNG expansion
Outlook & Strategy

ConocoPhillips signs up for QatarEnergy’s North Field South LNG expansion

Qatar’s state-owned oil and gas company QatarEnergy has selected the US energy giant ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The NFS project comprises two liquefied natural gas (LNG) mega trains with a combined capacity of 16 mill

about 3 years ago
With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’
Outlook & Strategy

With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’

Keeping the global energy crisis at the forefront, the CEO of ADNOC believes that the world needs all the energy solutions it can get.

about 3 years ago
shipping
Outlook & Strategy

In focus: Window to meet 1.5°C target is closing, urgent transformation is needed now

As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.

about 4 years ago
ADNOC and OMV sign LNG supply deal for winter season 2023/2024
Outlook & Strategy

ADNOC and OMV sign LNG supply deal for winter season 2023/2024

Austria’s integrated oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore a new partnership in deliveries for liquefied natural gas (LNG). Under the MoU, OMV and ADNOC intend to explore a partnership in LNG supply to suppor

about 4 years ago
Saudi giant unveils $1.5bn sustainability fund to support ‘stable and inclusive’ energy transition
Outlook & Strategy

Saudi giant unveils $1.5 bln fund to support ‘stable and inclusive’ energy transition

Saudi Aramco has created a $1.5 billion sustainability fund to encourage investment in technology needed to support the energy transition.

about 4 years ago
ICS proposes sustainability fund to IMO that would reward ships using alternative fuels
Outlook & Strategy

ICS proposes sustainability fund to IMO that would reward ships using alternative fuels

The International Chamber of Shipping (ICS) has submitted a refined proposal to shipping’s UN regulator seeking the establishment of a fund and reward system to accelerate the sector’s uptake of alternative fuels and its transition to a net zero future. The refined proposal combines elements from it

about 4 years ago