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Outlook & Strategy

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Gorgon project; Source: Chevron
Outlook & Strategy

Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

about 2 years ago
Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe
Outlook & Strategy

Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe

Hygen Energy has appointed ITM Power as a preferred supplier of PEM electrolyzers for hydrogen projects within the UK and across wider Europe.

about 2 years ago
Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout
Outlook & Strategy

Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout

Swedish tidal energy developer Minesto has reported a total operating income of approximately SEK 6.8 million (around €582,255) for Q1 2024, a quarter the company said has laid the foundation for the path toward the buildout of commercial arrays. The total operating income saw a decline from SEK 12.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Outlook & Strategy

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
New Japanese alliance looking into ammonia supply chain in Hokkaido
Outlook & Strategy

New Japanese alliance looking into ammonia supply chain in Hokkaido

Japanese companies have started a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido.

about 2 years ago
Julie Berg; Source: Aker Carbon Capture
Outlook & Strategy

With CFO on the move, Aker Carbon Capture picks interim one

As its current CFO steps down from the role, Norway’s Aker Carbon Capture has appointed an interim CFO, who will take the reins in 2Q 2024.

about 2 years ago
CMA CGM
Outlook & Strategy

CMA CGM and Bpifrance launch €200M fund to decarbonize French maritime sector

France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Outlook & Strategy

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
UK and Germany strengthen hydrogen ties
Outlook & Strategy

UK and Germany strengthen hydrogen ties

UK’s PM Rishi Sunak and German Chancellor Olaf Scholz have agreed on a feasibility study for hydrogen exports from the UK to Germany.

about 2 years ago
Everfuel’s HySynergy start-up postponed for second half of 2024
Outlook & Strategy

Everfuel’s HySynergy start-up postponed for second half of 2024

Everfuel has announced a delay in the commissioning of HySynergy 1, its 20 MW green hydrogen production plant in Fredericia, Denmark.

about 2 years ago
Illustration; Source: Peru LNG
Outlook & Strategy

New partner joins South America’s inaugural LNG export facility

EIG-managed LNG company MidOcean Energy has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG).

about 2 years ago
'Good start' to 2024 for Nexans with record subsea-driven backlog
Outlook & Strategy

‘Good start’ to 2024 for Nexans with record subsea-driven backlog

Paris-headquartered cable systems designer and manufacturer Nexans has reported a record adjusted backlog of €6.7 billion for its Generation & Transmission segment, a 10.2% increase compared to December 2023, said to be mainly subsea-driven. In its financial results for the first quarter of 2024, Ne

about 2 years ago
Hydrogen industry in Canada receives $57 million boost
Outlook & Strategy

Hydrogen industry in Canada receives $57 million boost

The government of the Canadian province of Alberta has announced $57 million in innovation funding for 28 projects to boost hydrogen industry.

about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Outlook & Strategy

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
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