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Outlook & Strategy

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Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025
Outlook & Strategy

Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is unde

about 1 year ago
Norwegian Hydrogen and HydePoint to jointly work on near-shore and offshore hydrogen projects
Outlook & Strategy

Norwegian Hydrogen and HydePoint to jointly work on near-shore and offshore hydrogen projects

Offshore hydrogen production technology company HydePoint has formed a strategic partnership with Norwegian Hydrogen to accelerate the development of mid-size dockside and near-shore green hydrogen projects. The collaboration centers around the development of 10-40 MW dockside and near-shore green h

about 1 year ago
HelioRec has teamed up with compatriot company deepmath solutions to address the engineering demands of floating solar in marine environments.
Outlook & Strategy

France’s HelioRec teams up with compatriot firm to develop offshore floating solar solutions

French offshore solar start-up HelioRec has teamed up with compatriot company deepmath solutions to address the engineering demands of floating solar in marine environments. The partnership is said to combine deepmath’s expertise in modeling with HelioRec’s advancements in offshore solar to create r

about 1 year ago
Sea1 orders two methanol-ready offshore energy support vessels from China
Outlook & Strategy

Sea1 orders two methanol-ready offshore energy support vessels from China

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for two next-generation offshore energy support vessels (OESVs) that will be methanol-ready. Bernt Omdal, CEO of Sea1, said that the investment is part of the company’s

about 1 year ago
The CETO tank display at ISC High Performance conference in Hamburg (Courtesy of Carnegie Clean Energy)
Outlook & Strategy

Carnegie Clean Energy, Hewlett Packard Enterprise push AI-driven wave energy tech with extended agreement

Australia’s wave energy developer Carnegie Clean Energy has extended collaboration with Hewlett Packard Enterprise (HPE) by two years, focusing on integrating advanced artificial intelligence (AI) and high-performance computing into the company’s CETO wave energy technology. According to Carnegie Cl

about 1 year ago
NKT's new cable extrusion tower reaches full height, becoming second tallest in the Nordics
Outlook & Strategy

NKT’s new cable extrusion tower reaches full height, becoming 57th tallest European structure

The new cable extrusion tower that Denmark’s power cable manufacturer and installation company NKT is building at its power cable factory in Karlskrona, Sweden, has reached its full height of 200 meters, becoming the second tallest tower in the Nordics. This third extrusion tower at the Karlskrona f

about 1 year ago
STAX Engineering
Outlook & Strategy

WSC: New EU transport commissioner to play pivotal role in shipping’s decarbonization

The World Shipping Council (WSC), the voice of liner shipping, said that the designated European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, will have a key role in securing supply chains and decarbonizing the shipping sector. In a media release issued on November 5,

about 1 year ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Outlook & Strategy

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 1 year ago
Proteus Marine Renewables signed a memorandum of understanding with Swedish bearing and seal manufacturing company SKF Marine and GE Vernova’s Power Conversion business.
Outlook & Strategy

Proteus Marine Renewables, SKF, GE Vernova join forces on multi-megawatt tidal energy project

UK-based tidal energy company Proteus Marine Renewables (PMR) has signed a memorandum of understanding (MoU) with Swedish bearing and seal manufacturing company SKF Marine and GE Vernova’s Power Conversion business to set a framework for delivering tidal turbine generation systems (TTGS) to develope

about 1 year ago
OCP and Engie eye green hydrogen and ammonia collaboration
Outlook & Strategy

OCP and Engie eye green hydrogen and ammonia collaboration

OCP Group and Engie have taken a step towards launching several projects in renewable energy, energy storage, green hydrogen and ammonia, power infrastructure and sustainable desalination.

about 1 year ago
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
Outlook & Strategy

Argeo signs eight-year data agreement with Suriname’s oil & gas regulator

Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases ove

about 1 year ago
AES Corporation gauging interest in LNG bunkering in Panama ahead of 2025 launch
Outlook & Strategy

AES Corporation gauging interest in LNG bunkering in Panama ahead of 2025 launch

Panam LNG Bunkering, a subsidiary of AES Corporation, has invited shipping companies to submit expression of interest (EOI) for LNG bunkering services in Panama as it prepares to launch operations in March 2025. The company issued a notice on October 28 to all shipping agents, vessel owners, and ope

about 1 year ago
An engineer wearing safety harness onboard a vessel
Outlook & Strategy

Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali

about 1 year ago
Chinese LNG bunkering player expands into European market
Outlook & Strategy

Chinese LNG bunkering player expands into European market

China Marine Bunker (PetroChina) (CHIMBUSCO), a Chinese physical supplier of marine fuel, has completed its first LNG bunkering operation in Europe, marking the official expansion of its alternative energy services to overseas markets. As disclosed, CHIMBUSO’s inaugural LNG bunkering operation in Eu

about 1 year ago
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