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Outlook & Strategy

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FILE PHOTO: A man walks past the Larsen and Toubro (L&T) head office in Mumbai, India, September 2, 2021.
Outlook & Strategy

Larsen & Toubro wins $73M EPC contract for 100 MW floating solar project in India

New Delhi-based Solar Energy Corporation of India (SECI) has awarded Larsen & Toubro (L&T) with a five-year engineering procurement and construction (EPC) contract for a floating solar project to be built at Getalsud Dam in Ranchi in eastern India’s state of Jharkhand. The contract, which is worth

about 2 years ago
Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array
Outlook & Strategy

Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array

Spanish tidal energy developer Magallanes Renovables has partnered up with Tadek Ocean Engineering for support related to its first commercial-scale tidal energy array. Magallanes secured two contracts in Contracts for Difference (CfD) allocation rounds – the first at the Morlais Demonstration Zone

about 2 years ago
DSIC orders GTT tank design for two LNG carriers
Outlook & Strategy

Dalian Shipbuilding starts construction of CMES LNG carrier duo

China’s Dalian Shipbuilding Industry Company (DSIC) has officially started building two 175,000 cubic meter LNG carriers (LNGCs) for compatriot China Merchants Energy Shipping (CMES). The construction began on March 1 and 4 respectively, DSIC announced, noting that the LNGCs are the third and fifth

about 2 years ago
costs
Outlook & Strategy

Shipping’s EU ETS costs could nearly triple due to Red Sea crisis, OceanScore says

The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).

about 2 years ago
Oman LNG and Hitachi Zosen form methanation partnership
Outlook & Strategy

Oman LNG and Hitachi Zosen form methanation partnership

Oman LNG and Japanese engineering and technology company Hitachi Zosen Corporation have concluded a memorandum of understanding (MoU) to cooperate in the field of methanation as part of the carbon recycling, hydrogen, ammonia, and methanation collaboration between the Japanese and Omani governments.

about 2 years ago
Shearwater bags its fifth CCS survey in last two years
Outlook & Strategy

Shearwater bags its fifth CCS survey in last two years

Norway’s Shearwater GeoServices is set to deliver a seismic survey for a carbon capture and storage (CCS) project in the UK during the summer. Shearwater secured a contract for Spirit Energy’s recent carbon storage license award by the UK’s North Sea Transition Authority (NSTA), located in the Morec

about 2 years ago
DOF to recycle Shell’s North Sea subsea infrastructure
Outlook & Strategy

DOF to recycle Shell’s North Sea subsea infrastructure

DOF Group has secured a subsea engineering procurement removal and disposal (EPRD) contract with Norske Shell, a subsidiary of the UK-headquartered energy giant Shell, in the Atlantic region. DOF will deliver an integrated solution of project management, engineering, design, analysis and survey for

about 2 years ago
Yara invests in electrolysis technology firm to boost hydrogen production
Outlook & Strategy

Yara invests in electrolysis technology firm to boost hydrogen production

As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

about 2 years ago
HD Hyundai partners with 3M to insulate liquid hydrogen storage tanks
Outlook & Strategy

HD Hyundai partners with 3M to insulate liquid hydrogen storage tanks

South Korean shipbuilding giant HD Hyundai and American multinational conglomerate 3M have signed an agreement to work on a joint research project focused on developing a high-performance vacuum insulation system for liquid hydrogen storage and transportation. The project will see 3M and HD Hyundai

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Outlook & Strategy

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago
Shell-Worley collab continues with new contract for Rotterdam hydrogen plant
Outlook & Strategy

Shell-Worley collab continues with new contract for Rotterdam hydrogen plant

UK-based energy giant Shell has awarded Australian engineering company Worley a contract under which the latter will provide detailed design, procurement and construction management support services for the delivery of the Holland Hydrogen 1 (HH1) facility in the Port of Rotterdam. The services incl

about 2 years ago
Feasibility study confirms scale and viability of 10GW hydrogen project in Mauritania
Outlook & Strategy

Feasibility study confirms scale and viability of 10GW hydrogen project in Mauritania

Africa-focused transitional energy group Chariot has completed the feasibility study for Project Nour, a proposed 10 GW hydrogen project in Mauritania, further confirming its scale and viability. The large-scale hydrogen project is being developed through a partnership between Cahriot’s fully-owned

about 2 years ago
methanol
Outlook & Strategy

Retrofitting passenger ships with methanol is less attractive option, report finds

A full methanol retrofit for passenger ships is a less commercially attractive prospect than the use of blended fuels (Blend B30), heavy fuel oil (HFO), and heavy fuel oil equipped with onboard carbon capture and storage technology (oCCS), a new report from classification society Lloyd’s Register ha

about 2 years ago
Two more CO2 storage areas up for grabs offshore Norway
Outlook & Strategy

Two more CO2 storage areas up for grabs offshore Norway

The Norwegian Ministry of Energy is inviting applications for two areas for CO2 injection and storage in the North Sea, representing the sixth time acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Energy announced two areas for CO2 storag

about 2 years ago
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