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Central Morecambe platform; Source: Spirit Energy

Outlook & Strategy

Turning depleted natural gas fields into ‘one of the biggest carbon storage and hydrogen production clusters’

Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.

about 3 years ago

Outlook & Strategy

UAE and France to decarbonise HTA industries

The UAE and France have agreed to launch a bilateral programme to develop commercial and investable opportunities to accelerate clean energy development, notably in the decarbonisation of hard-to-abate (HTA) industries, including clean hydrogen solutions for mobility. According to Masdar, (Abu Dhabi

about 3 years ago

Outlook & Strategy

Eneos to ship hydrogen carrier MCH in oil tankers from Australia to Japan

Japanese oil and shipping company Eneos has opened a demonstration plant in Brisbane, Australia, which will produce methylcyclohexane (MCH), a liquid hydrogen carrier. The use of MCH as a hydrogen carrier has the potential to simplify the storage and transportation of hydrogen, which is otherwise a

about 3 years ago

Outlook & Strategy

Energy majors and LedaFlow set up carbon capture and storage research consortium

LedaFlow Technologies has formed a research consortium with energy companies ConocoPhillips, TotalEnergies, Equinor and ExxonMobil Technology & Engineering as well as sub-suppliers Kongsberg Digital, SINTEF Industry, and SINTEF Energy Research to enhance its multiphase transport simulator technology

about 3 years ago

Outlook & Strategy

McDermott joins in on Greece-Africa interconnector project

McDermott and Eunice Energy Group have signed a memorandum of understanding (MoU) to cooperate on a 2 GW electrical interconnector between Greece and Egypt. Eunice Energy Group is leading the transnational consortium between Greece and Egypt for the Greece-Africa Power (GAP) Interconnector project,

about 3 years ago

Outlook & Strategy

Nine hydrogen valleys to repower Europe

The Clean Hydrogen Partnership, a public-private partnership supporting research and innovation activities in hydrogen technologies in Europe under the Horizon Europe Programme, has announced it will invest €105.4 million for funding nine hydrogen valley projects across Europe, following its first c

about 3 years ago

Outlook & Strategy

Baker Hughes, FFI to jointly pursue hydrogen, ammonia and geothermal projects

Energy technology company Baker Hughes has signed a memorandum of understanding (MoU) with Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, to collaborate on decarbonisation of hard-to-abate industries. Under the MoU, Baker Hughes and FFI will jo

about 3 years ago

Outlook & Strategy

2022 seen as a bumper year for global oil & gas exploration, says WoodMac

New global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching $33 billion.

about 3 years ago

Outlook & Strategy

Prysmian ticks off another cable-laying project from its list

Prysmian Group has finalized the cable laying and burial operations for the submarine power interconnection between Ibiza and Formentera in Spain. Marine installation operations were performed by Prysmian’s cable-laying vessel Cable Enterprise, while burial activities were carried out by the company

about 3 years ago

Outlook & Strategy

Port of Rotterdam to fuel ships with methanol on a regular basis from summer 2023

From the summer of 2023, the Port of Rotterdam, Europe’s top bunkering port, will provide methanol bunkering to sea-going vessels on a regular basis. Last year saw several sea-going ships bunker methanol at the port, the port figures show, resulting in a total of 1,500 tons of methanol sold in 2022.

about 3 years ago

Outlook & Strategy

New offshore safety guidance with potential to prevent major oil & gas accidents sees the light of day

Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.

about 3 years ago

Outlook & Strategy

Titan buys two small-scale LNG carriers for bunkering retrofit

Low and zero-emission fuels supplier Titan has acquired two small-scale liquefied natural gas (LNG) carriers from Canadian gas transportation company Seapeak for bunkering retrofit. Titan plans to retrofit the vessels – Seapeak Unikum and Seapeak Vision – to ensure suitable LNG bunkering capabilitie

about 3 years ago

Outlook & Strategy

Subsea Europe Services opens new R&D center

Germany-headquartered Subsea Europe Services (SES) has opened a new research and development (R&D) center dedicated to the development of new integrated, autonomous and digital technologies. The new facility, located at the company’s premises in the Ocean Technology Campus Rostock, will focus on the

about 3 years ago

Outlook & Strategy

Norsepower gets financial boost from Finnish Climate Fund to scale up production

The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj

about 3 years ago