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Outlook & Strategy

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Illustration; Source: Offshore Energies UK (OEUK)
Outlook & Strategy

Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments

Offshore Energies UK (OEUK), has urged the government to take action on the energy profits levy (EPL), known as the windfall tax on oil and gas profits, by next year to put all ingredients in place to secure jobs, energy security enhancement, and the build-out of the energy infrastructure for the fu

about 1 year ago
Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities
Outlook & Strategy

Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities

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Norwegian shipping company Solvang and Global Infrastructure Partners (GIP), a part of private infrastructure investment firm BlackRock, have joined forces to grow the liquefied gas shipping business with a focus on LPG, ammonia, ethane, and CO2.

about 1 year ago
Fugro wins its ‘largest-ever project in Asia Pacific’
Outlook & Strategy

Fugro wins its ‘largest-ever project in Asia Pacific’

The Netherlands-headquartered Fugro has secured its largest-ever project in the Asia Pacific (APAC) region, as part of which it will support the development of a deepwater gas field in Southeast Asia. As part of the signed letter of award (LoA), Fugro will perform a site characterization program for

about 1 year ago
Marubeni
Outlook & Strategy

Marubeni unveils investment in Gearbulk

Japanese sōgō shōsha Marubeni Coporation has decided to invest in Gearbulk Holding AG, the world’s ‘largest’ open hatch shipping operator, based in Switzerland.

about 1 year ago
TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector
Outlook & Strategy

TotalEnergies and partners to import clean energy from Indonesia to Singapore via subsea interconnector

French energy giant TotalEnergies and Singapore-headquartered RGE, a group operating in the bio-based resources and energy sectors, have joined forces to develop a large-scale solar and battery storage project in Indonesia whose renewable power will be exported to Singapore through a subsea intercon

about 1 year ago
Singapore and France agree on pilot projects to support maritime decarbonization
Outlook & Strategy

Singapore and France agree on pilot projects to support maritime decarbonization

Singapore and France have signed an enhanced maritime partnership agreement to elevate their cooperation on decarbonization, digitalization, cybersecurity, innovation, and training.

about 1 year ago
Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia
Outlook & Strategy

Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia

Sungrow Hydrogen, a subsidiary of China’s energy solutions company Sungrow, and BrightHy Solutions, Fusion Fuel’s hydrogen solutions platform, have entered a strategic agency and partnership agreement to accelerate the deployment of hydrogen production equipment in Iberia.

about 1 year ago
Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC
Outlook & Strategy

Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC

Norwegian renewable energy supplier Statkraft and Clydeport, part of the UK’s Peel Ports Group, have exchanged an option agreement to explore the potential development of a green hydrogen facility at Clydeport’s Hunterston Port and Resource Campus (PARC) site in Scotland.

about 1 year ago
Two men shaking hands
Outlook & Strategy

Orlen and Naftogaz sign agreement to deepen energy ties

Ukraine’s state-owned energy company Naftogaz Group and Poland’s energy company ORLEN have signed a memorandum of understanding (MoU) to strengthen joint energy-related strategic initiatives.

about 1 year ago
Welsh Government-backed project to design and develop tidal stream turbine blades
Outlook & Strategy

Wales backs next-gen tidal stream turbine blade project

A new Welsh Government-backed project aims to design and develop next-generation tidal stream turbine blades, with a focus on increasing efficiency, durability, and overall performance in marine energy systems. Based in Broughton, the Advanced Manufacturing Research Centre (AMRC) Cymru will work alo

about 1 year ago
Moeve and Armas Trasmediterránea strike marine biofuel supply deal
Outlook & Strategy

Moeve and Armas Trasmediterránea strike marine biofuel supply deal

Spanish energy major Moeve, formerly Cepsa, has reached a strategic agreement with compatriot shipping company Armas Trasmediterránea to supply second-generation (2G) marine biofuels in the Canary Islands.

about 1 year ago
Siemens and RIC Energy join hands on hydrogen, ammonia, and e-fuels
Outlook & Strategy

Siemens and RIC Energy join hands on hydrogen, ammonia, and e-fuels

German technology conglomerate Siemens and Spanish renewable energy company RIC Energy have signed a memorandum of understanding (MoU) to jointly develop innovative projects in the fields of renewable hydrogen, green ammonia, and e-fuels in Spain.

about 1 year ago
UK government
Outlook & Strategy

Report: IMO’s NZF tilts future in favor of ammonia DF ships, leaves near-term path in limbo

The International Maritime Organization’s Net Zero Framework (NZF) gives ammonia dual-fuel ships a mid-2030s edge—but the near-term race is still wide open and riddled with uncertainty, a new report has highlighted. According to a study done by the UK’s UCL Energy Institute Shipping, UMAS and Oceans

about 1 year ago
ZOEX's wave energy converter (WEC) technology. Source: ZOEX
Outlook & Strategy

UK’s first female-founded wave energy firm raises $700K to advance its tech

Aberdeen-based ZOEX Power has secured £531,000 (around $715,000) in funding to support the development of its wave energy converter (WEC) technology. The round includes investment from angel syndicate Equity Gap, alongside backing from the University of Strathclyde and Scottish Enterprise. The inves

about 1 year ago