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Outlook & Strategy

Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline

The Danish Energy Agency has granted permission to Nord Stream 2 AG to preserve the Nord Stream 2 pipeline in the Baltic Sea that suffered damage in September 2022 following an explosion. The Nord Stream 1 and Nord Stream 2 pipelines run from Vyborg, Russia, to Lubmin near Greifswald, Germany, and c

about 1 year ago

Outlook & Strategy

ACWA Power and Snam form green hydrogen and ammonia alliance

Saudi Arabia’s ACWA Power and Italy’s Snam have agreed to explore collaboration opportunities and joint investments in establishing an international green hydrogen supply chain.

about 1 year ago

Outlook & Strategy

Lotte and Syzygy complete trial of all-electric ammonia cracking system

Lotte Chemical and Syzygy Plasmonics have commissioned and completed performance testing of an all-electric ammonia cracking system in Ulsan, South Korea.

about 1 year ago

Survey seen as key part of environmental licensing for Timor-Leste appraisal well kicks off

Outlook & Strategy

Environmental survey begins off Timor-Leste in preparation for planned drilling

UK-based Sunda Energy, former Baron Oil, has kicked off an environmental baseline survey in preparation for the drilling of a planned appraisal well at a gas field off the coast of Timor-Leste. The survey vessel Outer Limit has commenced the environmental baseline survey in preparation for the drill

about 1 year ago

Outlook & Strategy

ExxonMobil and Trammo pushing for low-carbon ammonia offtake deal

ExxonMobil and Trammo have signed a heads of agreement (HoA) to advance discussions for Trammo’s long-term offtake of 300,000 to 500,000 tonnes of low-carbon ammonia per year from ExxonMobil’s facility in Baytown, Texas.

about 1 year ago

Tiburon Subsea's autonomous underwater thruster control technology, JETTE.

Outlook & Strategy

Two companies from Americas partner on AUV for wind and wave survey and maintenance, subsea security (Video)

U.S.-based subsea data collection and delivery provider Tiburon Subsea and Canadian Ocean Floor Geophysics (OFG) have signed a memorandum of understanding (MoU) to tackle challenges in wave and wind energy surveys and maintenance, and subsea security, among other things. In 2024, Tiburon Subsea intr

about 1 year ago

Outlook & Strategy

Asso.subsea’s new cable-laying vessel to be built in China (Gallery)

Greece’s Asso.subsea has signed the shipbuilding contract for the construction of its new DP-2 cable-laying vessel (CLV), set to be built in China. The cable layer named Althea will be built at the China Merchants Heavy Industry shipyard, at Mazhou Island in Shenzen, with delivery set for the second

about 1 year ago

Outlook & Strategy

DEME fleet expands with two USVs

DEME Group has strengthened its fleet with the addition of two advanced uncrewed surface vessels (USVs) delivered by Norway’s Maritime Robotics. The delivery includes the two-meter Otter USV and the larger, six-meter Mariner USV. According to Maritime Robotics, the Otter USV is a fully electric cata

about 1 year ago

Outlook & Strategy

UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

about 1 year ago

Outlook & Strategy

EPS and Yinson GreenTech’s marinEV team up on sustainable port services

Singapore’s shipping player Eastern Pacific Shipping (EPS) and marinEV, a business unit of compatriot Yinson GreenTech, have joined forces on sustainable port services.

about 1 year ago

ConocoPhillips becomes sole operator of Malaysian cluster

Outlook & Strategy

ConocoPhillips becomes sole operator of Malaysian offshore cluster

Malaysia’s state-owned energy player Petronas has officially transferred its contractual right for a cluster of oil & gas fields in Malaysia to a subsidiary of U.S. energy company ConocoPhillips. Petronas, through Malaysia Petroleum Management (MPM), completed the transfer of operatorship for the Ke

about 1 year ago

Outlook & Strategy

Baleària unveils design of all-electric fast ferries to operate on Spain-Morocco 1st green corridor

Spanish ferry operator Baleària has embarked on a project to implement the first green corridor between Spain and Morocco, which will be served by two 100% electric, zero-emission fast ferries.

about 1 year ago

Outlook & Strategy

Towngas partners with Global Energy to set up green methanol supply chain

Hong Kong and China Gas Company (Towngas) has joined forces with Singapore’s Global Energy Trading to work on advancing the supply and distribution of green methanol as a marine fuel.

about 1 year ago

Outlook & Strategy

Ulstein Design & Solutions wins its largest aftermarket design contract for cable layer

Ulstein Design & Solutions has secured what it says is its largest-ever aftermarket design contract for a cable-laying vessel (CLV), owned by the Taiwanese Dong Fang Offshore (DFO). The contract for the Orient Adventurer, previously known as Polar Onyx, includes both basic design and engineering pro

about 1 year ago