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Outlook & Strategy

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Maersk
Outlook & Strategy

Maersk to study feasibility of green fuels bunkering in Oman

Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan

about 3 years ago
Barry Bednar, SodaFlexx CEO; Image by Sodaflexx
Outlook & Strategy

SodaFlexx CEO: The best fuel is unburnt fuel

The best solution for the shipping sector to cut CO2 emissions in the short term is to resort to fuel consumption efficiency measures in anticipation of greater maturity of green fuels’ production and the development of the relevant infrastructure, as explained by Barry Bednar, CEO of SodaFlexx. The

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about 3 years ago
Ashtead Technology makes another acquisition
Outlook & Strategy

Ashtead Technology makes another acquisition

UK-headquartered subsea technology specialist Ashtead Technology has acquired the entire share capital of Hiretech for a total consideration of £20 million on a cash and debt-free basis, expanding its mechanical solutions service offering. Established in 2011, Hiretech is a management-owned, Aberdee

about 3 years ago
Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply
Outlook & Strategy

Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply

Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.

about 3 years ago
Minesto sets sights on tidal energy potential of Indonesia (Courtesy of Minesto)
Outlook & Strategy

Minesto inks collaboration deals for tidal energy projects in Indonesia

Swedish company Minesto has signed two collaboration agreements to explore the development of tidal energy projects in in Nusa Tengara Barat region in Indonesia.

about 3 years ago
Ocean infinity
Outlook & Strategy

Ocean Infinity’s first two high-tech ammonia-ready Armada ships head for Norway

Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are

about 3 years ago
JOGMEC to support Inpex’s assessment of Australian CCS potential
Outlook & Strategy

JOGMEC to support Inpex’s assessment of Australian CCS potential

Japan’s oil and gas producer Inpex has executed a joint research agreement with Japan Organization for Metals and Energy Security (JOGMEC) to evaluate the potential of the Bonaparte Basin in Australia to become a large-scale carbon storage location. The parties will conduct joint research to support

about 3 years ago
Denmark awards first CO2 storage permit
Outlook & Strategy

Denmark awards first CO2 storage permit

The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 tonnes of CO2 in a former oil field over a four-month period. INEOS E&P and Wintershall Dea have been granted permission to begin a time- an

about 3 years ago
Illustration/Sabella's D10 tidal energy turbine (Courtesy of Sabella)
Outlook & Strategy

Sabella’s tidal power production curve gets Bureau Veritas seal

French tidal energy developer Sabella has verified the power production curve of its D10 turbine through a certification issued by the classification group Bureau Veritas.

about 3 years ago
The Netherlands wants Gasunie to develop offshore hydrogen network in the North Sea
Outlook & Strategy

The Netherlands wants Gasunie to develop offshore hydrogen network in the North Sea

Dutch Minister for Climate and Energy Policy Rob Jetten intends to appoint energy infrastructure firm Gasunie to develop an offshore hydrogen network in the North Sea. According to Gasunie, the Minister announced its intention to the House of Representatives on 2 December 2022. Hydrogen produced usi

about 3 years ago
Eco Wave Power's Gibraltar wave energy array before decommissioning (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power’s third quarter net loss slightly rises

Swedish-Israeli wave energy company Eco Wave Power has released interim financial results 2022, marking a slightly higher net loss in the third quarter when compared to the same period a year earlier.

about 3 years ago
Singapore invites proposals for low or zero-carbon power generation and bunkering solutions
Outlook & Strategy

Singapore invites proposals for low or zero-carbon power generation and bunkering solutions

The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have opened a call for expression of interest (EOI) to develop low or zero-carbon power generation and bunkering solutions. Following the launch of the National Hydrogen Strategy at Singapore International Energ

about 3 years ago
BP’s three incoming hydrocarbon projects to watch in 2023
Outlook & Strategy

BP’s giant incoming hydrocarbon projects to watch in 2023

While tackling the energy trilemma, BP has been working on multiple projects and three of these are on track to start up next year.

about 3 years ago
Sovcomflot’s Gagarin Prospect
Outlook & Strategy

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago