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Outlook & Strategy

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PtX
Outlook & Strategy

VDMA, VSM roll out PtX roadmap for maritime energy transition

German Mechanical Engineering Industry Association (VDMA) and German Shipbuilding and Ocean Industries Association (VSM) have presented a power-to-X (PtX) roadmap for the maritime energy transition.

about 4 years ago
WinGD
Outlook & Strategy

WinGD, Chord X partner up on sustainable digital solutions for shipping

Swiss marine power company WinGD has signed a proof-of-concept agreement with Singapore-based emissions data specialist Chord X to develop digital solutions focused on sustainability in shipping.

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about 4 years ago
Ocean Sun, Keppel team up for Singapore's first membrane-based nearshore floating solar project
Outlook & Strategy

Ocean Sun and Keppel team up for nearshore floating solar project in Singapore

Keppel Infrastructure has secured a grant from the Energy Market Authority (EMA) and JTC to pilot the first membrane-based nearshore floating solar photovoltaic (PV) system in Singapore.

about 4 years ago
‘Disorderly’ energy transition looms with rising coal demand, high gas prices and stalled renewable plans, says WoodMac
Outlook & Strategy

‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac

WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.

about 4 years ago
HMM
Outlook & Strategy

HMM targets more green ships with new multi-billion-dollar investment

South Korean shipping company HMM has unveiled its future growth strategy involving a KRW 15 trillion (about $11.3 billion) investment plan.

about 4 years ago
As rig utilisation ramps up in Asia Pacific, stacked jack-ups get reactivated mostly for gigs in Middle East, reveals Westwood
Outlook & Strategy

Rig utilisation ramps up in Asia Pacific, reveals Westwood

Rig activity in Asia Pacific has been stepped up this year, but most stacked jack-ups are being reactivated for gigs in the Middle East.

about 4 years ago
UK firm collects $128 million in new deals with further headcount increase on the horizon
Outlook & Strategy

UK firm collects $128 million in new deals with headcount increase on the horizon

EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.

about 4 years ago
PGS and deepC Store to pursue carbon capture and storage projects under new agreement
Outlook & Strategy

PGS and deepC Store ink subscription agreement

Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have entered into a subscription agreement under which dCS will issue shares to PGS in exchange for geological and geophysical advisory services. As a result of the agreement, PGS will become a major shareholder in dCS. The two

about 4 years ago
ssi
Outlook & Strategy

The Sustainable Shipping Initiative to collaborate with Mærsk Mc-Kinney Møller Center

On 14 July 2022, the Sustainable Shipping Initiative (SSI) and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing a knowledge partnership agreement, committing to a long-term strategic partnership to accelerate the maritime industry’s decarb

about 4 years ago
UK safety equipment manufacturer invests millions in new facility to support North Sea oil & gas industry
Outlook & Strategy

UK firm invests millions in new facility to support North Sea oil & gas industry

Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.

about 4 years ago
Contractors win FEED job for UK’s power station with carbon capture
Outlook & Strategy

Contractors win FEED job for UK’s power station with carbon capture

Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.

about 4 years ago
Reach Subsea preparing fleet for ‘strong market development’
Outlook & Strategy

Reach Subsea preparing fleet for ‘strong market development’

Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J

about 4 years ago
Two oil & gas firms ink merger deal valued at $307 million to establish full-cycle asset base and boost output and reserves
Outlook & Strategy

Two oil & gas firms ink merger deal to establish ‘full-cycle asset base’

Vaalco and TransGlobe have revealed a deal to combine their businesses into a single company to create a full-cycle asset base.

about 4 years ago
Oil & gas trump low-carbon investment plays in H1 2022, says WoodMac
Outlook & Strategy

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago