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Outlook & Strategy

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An image showing H2 made of green grass and leaves
Outlook & Strategy

Bigger Picture: Offshore wind, green hydrogen backbone of EU’s 2050 goal

European Union’s Offshore Renewable Energy Strategy, published on 19 November and targeting as much as 300 GW of installed offshore wind capacity by 2050, also outlines the goal of supporting green hydrogen production. In anticipation of the launch of the new Renewable Hydrogen Coalition, it is ever

about 6 years ago
Denmark moves forward with energy islands
Outlook & Strategy

Denmark moves forward with energy islands

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The Danish government has identified areas in the North Sea and the Baltic Sea suitable for the development of the energy island projects. Back in June, Denmark approved the development of the two energy islands, one in the North Sea and one in the Baltic Sea, with a combined capacity of 5 GW. Both

about 6 years ago
David Wells, CEO AqualisBraemar
Outlook & Strategy

AqualisBraemar to buy LOC in support of energy transition efforts

AqualisBraemar has entered into an agreement to acquire LOC Group, creating an even more complete service provider to the upstream oil and gas industry.

about 6 years ago
Building confidence in marine energy technology through certification
Outlook & Strategy

Building confidence in marine energy technology through certification

As part of the IEC 62600 standard series, IEC Technical Committee 114 (IEC TC 114) has recently published a new part for the international standard to support the assessment of marine energy technologies.

about 6 years ago
BW Galatea
Outlook & Strategy

Hafnia CEO: Further consolidation needed within the product tanker sector

Product tanker major Hafnia Limited believes that further consolidation is needed within the product tanker sector to fully unleash value and synergies from additional operational scale. Hafnia Limited was set up in January 2019, following a merger between BW Tankers with Hafnia Tankers, a fellow su

about 6 years ago
Sevan Louisiana rig - Seadrill
Outlook & Strategy

Seadrill boosts backlog with new deals but plans for recycling spree

Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.

about 6 years ago
A photo of SWEL’s Wave Line Magnet under tests at Centrale Nantes wave tank, managed by LHEEA (Courtesy of ©Centrale Nantes)
Outlook & Strategy

SWEL puts wave energy system on try-outs at Centrale Nantes ocean tank

Sea Wave Energy (SWEL) has tested its Wave Line Magnet device at the Ecole Centrale de Nantes hydrodynamic and ocean engineering tank as part of the Marine Energy Alliance project.

about 6 years ago
seafarers
Outlook & Strategy

Danica: Each crew change costing up to $2,000 more amid COVID-19 impact

Individual crew changes are costing up to an additional $2,000, doubling the price since last year as a result of the COVID-19 pandemic, Danish-managed crewing specialist Danica said. The crewing agency said that the figure resulted from analysing a combination of fully allocated additional costs an

about 6 years ago
Lithuanian minister of Energy Žygimantas Vaičiūnas and Flemish minister of Energy, Zuhal Demir signing the MOU
Outlook & Strategy

Lithuania, Flanders ink offshore wind MOU

Lithuanian Minister of Energy Žygimantas Vaičiūnas and Flemish Minister of Energy Zuhal Demir signed a Memorandum of Understanding (MOU) on 19 November, agreeing to promote renewable energy and identify joint opportunities, especially in offshore wind in the Baltic Sea. Under the MOU, Lithuania and

about 6 years ago
Black & Veatch, Golar LNG turn to hydrogen and ammonia
Outlook & Strategy

Black & Veatch, Golar LNG turn to hydrogen and ammonia

Black & Veatch and Golar LNG have expanded their collaboration to include floating production of blue and green hydrogen and ammonia.

about 6 years ago
Golden Ocean
Outlook & Strategy

Golden Ocean unveils major refinancing deal, returns to black in Q3

Bermuda-based dry bulk shipping company Golden Ocean has signed a loan agreement to fully refinance the $425 million credit facility which is secured by fourteen Capesize vessels.

about 6 years ago
shipbuilding
Outlook & Strategy

VV: Shipbuilding orders in 2020 down by 41% YoY

Ordering of new ships in 2020 has decreased by 41 percent when compared to the same period in 2019, data from UK-based vessel valuation agency VesselsValue shows. According to a chart listing this year’s ordering patterns, a total of 532 ships have been ordered so far this year, worth a total of $26

about 6 years ago
A photo of Rémi Gruet, CEO of Ocean Energy Europe (Courtesy of Ocean Energy Europe)
Outlook & Strategy

OEE: Stage set for large-scale deployment of ocean energy

Brussels-based industry body Ocean Energy Europe has welcomed the new European strategy for offshore renewables as an important step towards scaling up a brand-new European industry, while calling for swift, concrete implementation of the strategy’s actions.

about 6 years ago
Maersk containers
Outlook & Strategy

Maersk CEO: LNG won’t play a big role for us as a transition fuel

The world’s largest container shipping company Maersk is likely to opt for a zero-emission alternative to fossil fuels rather than choosing LNG as a bridging fuel for the company’s fleet. “We don’t believe that LNG will play a big role for us as a transition fuel, because it is still a fossil fuel a

about 6 years ago