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Outlook & Strategy

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Neptune going beyond net-zero in bid to store more CO2 than it emits by 2030
Outlook & Strategy

Neptune going ‘beyond net-zero’ in bid to store more CO2 than it emits by 2030

Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.

about 4 years ago
Russia-Ukraine crisis - oil price
Outlook & Strategy

Oil prices jump as sanctions spur supply fears while OPEC+ reconfirms output plans

Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.

about 4 years ago
Eco Wave Power's wave energy array in Gibraltar (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power to relocate wave energy plant from Gibraltar to Los Angeles

Eco Wave Power has outlined plans to relocate its wave energy power plant from Gibraltar to AltaSea’s premises in the Port of Los Angeles.

about 4 years ago
Aibel hands over second Johan Sverdrup’s processing platform to Equinor
Outlook & Strategy

Norwegian contractor boasts largest ever delivery after completing another Johan Sverdrup platform

Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.

about 4 years ago
The Big Cajun concept (Screenshot/Video by Waterotor International Corp)
Outlook & Strategy

Canadian 20MW ocean energy hybrid sets sights on ‘big oil’

Waterotor International Corp, a Canada-based hydrokinetic energy company, has unveiled a 20MW hybrid offshore renewable energy system that can simultaneously extract power from slow moving water and wind.

about 4 years ago
Spanish partners look into solutions for maritime decarbonisation
Outlook & Strategy

Spanish partners look into solutions for maritime decarbonisation

Spanish energy company Repsol and compatriot shipbuilder Navantia have signed a collaboration agreement to develop solutions for maritime transport decarbonisation.

about 4 years ago
RW Power's desalination pump at PLOCAN (Courtesy of PLOCAN)
Outlook & Strategy

RW Power installs wave-powered desalination pump off Canary Islands

Norwegian company RW Power has installed its wave energy-powered seawater pumping device for a new set of trials at the Oceanic Platform of the Canary Islands (PLOCAN).

about 4 years ago
World’s 1st large-scale e-methanol project to fuel Maersk’s boxships
Outlook & Strategy

World’s 1st large-scale e-methanol project to fuel Maersk’s boxships

Technology firm Siemens Energy has secured an order from European Energy to deliver an electrolyzer plant for what is deemed as the world’s first large-scale commercial e-methanol project.

about 4 years ago
Shearwater returns to Edvard Grieg, divests four seismic vessels
Outlook & Strategy

Shearwater returns to Edvard Grieg, divests four seismic vessels

Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed

about 4 years ago
Cameron McNatt with Blue X wave energy prototype (Courtesy of Mocean Energy)
Outlook & Strategy

Mocean Energy lands funds to build wave energy device for oil and gas sector

Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.

about 4 years ago
retrofit
Outlook & Strategy

LNG fuel conversion and jumboization: Partners win BV AiP for new boxship retrofit concept

GTT, Alwena Shipping and CHI Zhoushan have received AiP from BV for a new concept, combining LNG retrofit and jumboization applied to large containerships.

about 4 years ago
Methanol Institute gets TotalEnergies as newest member
Outlook & Strategy

Methanol Institute welcomes TotalEnergies as new member

TotalEnergies Marine Fuels, French energy major’s bunkering unit, has joined the Methanol Institute (MI), a global trade association for the methanol industry.

about 4 years ago
Illustration (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power enters 2022 poised for ‘rapid and material progress’

Swedish-Israeli wave energy company Eco Wave Power has released its financial report for 2021, showing a wider net loss, but also an increase in revenues when compared to a year before.

about 4 years ago
U.S. players eye fully integrated CCS solution at Port of Corpus Christi
Outlook & Strategy

Chasing carbon capture and sequestration options in one of the largest ports in U.S.

Talos has joined forces with the U.S. Port of Corpus Christi Authority and HEP to pursue CCS opportunities at the Port of Corpus Christi.

about 4 years ago
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