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Outlook & Strategy

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Argeo on its way to own most advanced AUV fleet with latest expansion plan
Outlook & Strategy

Argeo on its way to have most advanced AUV fleet with latest expansion plan

Marine survey contractor Argeo has signed a letter of intent (LoI) with Kongsberg for a purchase agreement for three additional Hugin autonomous underwater vehicles (AUVs). With the purchase, Argeo said it will have the world’s most advanced AUV fleet. Argeo plans to purchase two Hugin Superior AUVs

about 2 years ago
Bocimar
Outlook & Strategy

Belgium’s CMB lifts option for ammonia-powered Capesize duo

Belgium-based shipping company Compagnie Maritime Belge (CMB) has exercised an option for the construction of two 210,000 dwt bulkers at China’s Qingdao Beihai Shipbuilding Heavy Industry, adding to its already massive orderbook at the yard. Namely, CMB already has ten 210,000 dwt bulkers under cons

about 2 years ago
New global initiative aiming to transform net zero hydrogen production
Outlook & Strategy

New global initiative aiming to transform net zero hydrogen production

Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project wh

about 2 years ago
CorPower readies for US expansion with latest deal
Outlook & Strategy

CorPower readies for US expansion with latest deal

In preparation for its expansion in the United States, Swedish wave energy developer CorPower Ocean has signed a memorandum of understanding (MoU) with America’s blue economy research and developments center AltaSea at the Port of Los Angeles. The agreement will provide CorPower with access to facil

about 2 years ago
Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’ for Congo’s energy development
Outlook & Strategy

Eni, Lukoil, and SNPC ink LNG sale and purchase agreement in a ‘significant milestone’ for Congo’s energy development

Société Nationale des Pétroles du Congo (SNPC), Eni Congo, and Lukoil have signed a long-term contract for the purchase and sale of LNG with Eni SPA, marking an advancement in the LNG Marine XII project. According to SNPC, the contract was signed on September 14, 2023, and will run for a period of 2

about 2 years ago
SEA-KIT one step closer to developing first type-approved USV control system
Outlook & Strategy

SEA-KIT one step closer to developing first type-approved USV control system

UK-headquartered SEA-KIT International has launched a proprietary vessel control system (VCS) with the goal of enhancing the capability of its uncrewed surface vessels (USVs). As part of the development, new autopilot and drive modules have been built into SEA-KIT’s existing, purpose-built remote he

about 2 years ago
Commonwealth LNG and EQT conclude long-term LNG supply deal
Outlook & Strategy

Commonwealth LNG and EQT conclude long-term LNG supply deal

U.S.-based Commonwealth LNG has entered into a heads of agreement (HoA) with compatriot EQT for one million tons per annum (mtpa) of LNG under a 15-year tolling agreement, and associated gas supply to Commonwealth LNG’s facility in Cameron, Louisiana, U.S. According to Commonwealth, the terms antici

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read
MOL
Outlook & Strategy

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

11 minutes read
Fluxys forms hydrogen partnership with Oman’s OQGN
Outlook & Strategy

Fluxys forms hydrogen partnership with Oman’s OQGN

Belgium’s energy infrastructure company Fluxys has strengthened its partnership with Omani state-owned transmission system operator OQ Gas Networks (OQGN) to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure. Following an invitation to become an anch

about 2 years ago
Gazprom delivers its first LNG via Northern Sea Route
Outlook & Strategy

Gazprom delivers its first LNG via Northern Sea Route

Russia’s Gazprom has announced that its own-produced shipment of liquefied natural gas (LNG) at the complex near the Portovaya CS was completely unloaded from the Velikiy Novgorod LNG tanker at the Tangshan LNG import terminal in China. Gazprom noted it was the first time its own-produced LNG was de

about 2 years ago
European JV to deliver project that aims to 'revolutionize Senegal's power infrastructure'
Outlook & Strategy

European JV to deliver project that aims to revolutionize Senegal’s power infrastructure

A UK-Belgium joint venture has secured a $200 million contract to deliver onshore and offshore works for two links in Senegal as part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. The award is for the Senegal Pow

about 2 years ago
META's Sofar Spotter buoy (Courtesy of META)
Outlook & Strategy

META starts collecting metocean data at one of its tidal test sites

META, Wales’s national marine energy test facility, has recently deployed one of its Sofar Spotter wave buoys at Criterion Jetty tidal test site in Pembroke Dock.

about 2 years ago
ammonia
Outlook & Strategy

Fertiglobe and AD Ports unite on ammonia storing and shipping

Fertiglobe, a strategic partnership between UAE’s ADNOC and Dutch OCI Global, has signed a non-binding memorandum of understanding (MoU) with UAE’s AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. According to

about 2 years ago
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