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Outlook & Strategy

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WoodMac: What are three cornerstones of future-fit energy super basins?
Outlook & Strategy

Three key elements of future-fit energy super basins – WoodMac

Wood Mackenzie, an energy intelligence group, spots common threads between the energy super basins of the future.

about 4 years ago
Ocean Harvesting's InfinityWEC (Courtesy of Ocean Harvesting Technologies)
Outlook & Strategy

Ocean Harvesting files new patent application for wave energy device

Swedish company Ocean Harvesting Technologies has filed a new patent application for an improved wave energy system with standard components.

about 4 years ago
Wood Mackenzie outlines scenarios for Europe as stability of Russian gas flows 'remains uncertain'
Outlook & Strategy

Wood Mackenzie outlines scenarios for Europe as stability of Russian gas flows ‘remains uncertain’

The stability of Russian gas flows to Europe remains uncertain, despite the reopening of the Nord Stream 1 pipeline, as further disruptions are expected as winter approaches, Wood Mackenzie stated, outlining two potential scenarios. Nord Stream restarted gas transmission yesterday, 21 July, after a

about 4 years ago
Wärtsilä officially exits Russian market
Outlook & Strategy

Wärtsilä officially exits Russian market

Finnish marine and energy technology group Wärtsilä has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022.

about 4 years ago
Kim Heng unit inks MoU with Crowley to support US offshore wind projects
Outlook & Strategy

Kim Heng unit inks MoU with Crowley to support US offshore wind projects

Adira Renewables, a wholly-owned subsidiary of Kim Heng, signed a non-binding Memorandum of Understanding (MoU) with Crowley Wind Services to cooperate on offshore wind farm cable laying installation projects across the US East Coast. Under the MoU, Kim Heng will issue updates about material develop

about 4 years ago
Wavepiston wave energy system (Courtesy of Wavepiston)
Outlook & Strategy

Wavepiston secures €600K in investment commitments

Danish company Wavepiston has through its ongoing capital raise secured €600,000 in investment commitments that will be used to further advance its wave energy technology.

about 4 years ago
President Biden visits Prysmian’s Massachusetts subsea cable factory
Outlook & Strategy

President Biden visits Prysmian’s Massachusetts subsea cable factory

U.S. President Joe Biden has visited the site of Prysmian’s new submarine power cables plant in Brayton Point, Massachusetts, which is a part of the company’s support for the development of offshore wind in the US. President Biden visited the site on 19 July, shortly after the first layer of approva

about 4 years ago
TES
Outlook & Strategy

Zodiac Maritime, others invest in TES to accelerate energy transition

Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million).

about 4 years ago
Norway buzzing with exploration activity in 1H 2022 with more to come
Outlook & Strategy

Norwegian authorities expect up to 40 exploration wells this year

Norway has recorded a high level of exploration activity in the first half of 2022, which has led to six discoveries so far.

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

Spain floats €200M grant program plan for marine renewable energy pilots

Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has drafted a plan for four aid programs totaling €200 million, designed to boost investment in pilot projects, test platforms, and port infrastructure for marine renewable energy.

about 4 years ago
Russian gas flowing to Europe again as Nord Stream 1 restarts
Outlook & Strategy

Russian gas flowing to Europe again as Nord Stream 1 restarts

The Nord Stream 1 pipeline has resumed gas transmission from Russia to Europe after ten days of being shut down due to annual maintenance works. Both lines of the gas pipeline system were shut down on 11 July for routine maintenance works, including testing of mechanical elements and automation syst

about 4 years ago
MAN
Outlook & Strategy

MAN ES prepares existing ship engines for climate-neutral op

MAN PrimeServ, part of German engine manufacturer MAN Energy Solutions, has started offering a service of preparing older engines for future, climate-neutral operation.

about 4 years ago
First UK-Germany energy link reaches financial close
Outlook & Strategy

First UK-Germany energy link reaches financial close

The €2.8 billion NeuConnect project, the first ever energy link between the UK and Germany, has reached financial close, allowing work to begin later this year.

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

DNV inks MoU with Korean floating solar suppliers to accelerate energy transition

DNV has signed a memorandum of understanding (MoU) with Korean floating solar suppliers to explore business cooperation opportunities with the aim of increasing the number of floating solar plants in Korea and globally.

about 4 years ago
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