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Outlook & Strategy

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Monjasa Server
Outlook & Strategy

Monjasa wraps up first marine biofuel supply in the Middle East

Oil and shipping company Monjasa, in collaboration with energy company Uniper and biofuel producer Neutral Fuels, has completed its first blending and supply of marine fuels in the United Arab Emirates (UAE).

about 4 years ago
In focus: Activists take the front line against fossil fuels, as maritime industry steps up clean fuels game
Outlook & Strategy

In focus: Activists take the front line against fossil fuels, as maritime industry steps up clean fuels game

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‘Actions, not words’ perfectly summarizes the general feeling of environmental activists who took the front line in fight against fossil fuels industry and its supporters. Living up to their creed, however, is the maritime sector which has also stepped up efforts on a global level to adopt more envi

about 4 years ago
Masdar eyes green hydrogen production in Suez Canal
Outlook & Strategy

Masdar eyes green hydrogen production in Suez Canal

Abu Dhabi’s renewable energy company Masdar and investment platform Hassan Allam Utilities have signed two memorandums of understanding (MoUs) to cooperate on the development of green hydrogen production plants in the Suez Canal Economic Zone (SCZone) and on the Mediterranean coast.

about 4 years ago
IEA - Gas market report
Outlook & Strategy

Global gas demand to go down in 2022 as Russia’s war in Ukraine disrupts markets

The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.

about 4 years ago
Canadian player wins gig on ADNOC’s offshore ops decarbonisation project
Outlook & Strategy

Canadian player to work on ADNOC’s power project for offshore operations

ADNOC has awarded a deal to SNC-Lavalin for its offshore ops power project, which is expected to spearhead its decarbonisation efforts.

about 4 years ago
Mermaid Maritime sets up subsidiary in the UAE
Outlook & Strategy

Mermaid Maritime sets up subsidiary in the UAE

Thailand-headquartered subsea services provider Mermaid Maritime has established an indirect 50%-owned subsidiary in the United Arab Emirates. The primary activity of the subsidiary designated as Millennium 3 Ship Management and Operations DMCCO will be managing and operating the DP2 construction su

about 4 years ago
oil barrels
Outlook & Strategy

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago
World Bank: How can carbon revenues support the green transition of shipping?
Outlook & Strategy

World Bank: How can carbon revenues support the green transition of shipping?

The money raised through carbon pricing could be allocated towards many purposes. The decarbonization of the shipping industry itself is priority number one, according to a new report released by the World Bank.

about 4 years ago
Maersk inks new deals in Egypt to speed up green fuel production
Outlook & Strategy

Maersk inks new deals in Egypt to speed up green fuel production

Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping.

about 4 years ago
Francesco La Camera - IRENA
Outlook & Strategy

Answers to energy security and climate change concerns lie in energy transition, IRENA says

The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.

about 4 years ago
Hamriyah facility - Lamprell
Outlook & Strategy

Lamprell mulls over funding options and sale of stake in oil & gas business

UAE-based offshore engineering and construction services provider Lamprell is in talks for the sale of a stake in its oil & gas business.

about 4 years ago
Mawani
Outlook & Strategy

Saudi ports: New Smart Ports initiative will contribute to clean energy adoption

On 20 March 2022, the Saudi Ports Authority (Mawani) launched a new initiative that aims to automate operations in Saudi ports.

about 4 years ago
Illustration (Courtesy of IECRE)
Outlook & Strategy

IEC updates terminology to reflect marine energy sector’s ‘coming of age’

Technical Committee 114, in charge of developing international standards for marine energy at the International Electrotechnical Commission (IEC), has modified and updated its strategy for the marine energy sector to better reflect its maturity level.

about 4 years ago
Acteon to grow its operations by buying Oceaneering’s decom assets
Outlook & Strategy

Acteon to grow its operations by buying Oceaneering’s decom assets and staff

Claxton, Acteon’s drilling and decommissioning segment, has inked a deal with Oceaneering to acquire its decom personnel and assets.

about 4 years ago