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Provaris: 2.8 GW green hydrogen project on Tiwi Islands advances
Outlook & Strategy

Provaris: 2.8 GW green hydrogen project on Tiwi Islands advances

Australian Provaris Energy has informed that it continues to make progress on its Tiwi H2 green hydrogen export project on the Tiwi Islands, Northern Australia through its early works program initiated in late 2022 that covers detailed engineering, permitting and land and project agreements. It stat

about 3 years ago
The Blue X wave energy device (Courtesy of Mocean Energy)
Outlook & Strategy

Thailand’s energy major joins ‘wave power for subsea equipment’ scheme

Thailand’s state energy company PTTEP has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

about 3 years ago
Spanish firm begins another survey for first UK-Germany energy link
Outlook & Strategy

Spanish firm begins another survey for first UK-Germany energy link

An environmental survey is about to commence on the UK side of an interconnector that will link the UK and Germany for the first time. Spain’s Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilometer

about 3 years ago
Venture Global reaches ‘major regulatory milestone’ for CP2 LNG
Outlook & Strategy

Venture Global reaches ‘major regulatory milestone’ for CP2 LNG

US-based Venture Global LNG has received a positive final environmental impact statement (FEIS) from the Federal Energy Regulatory Commission (FERC) for its third project, CP2 LNG. Venture Global welcomed the FEIS, which was issued last week, as a major regulatory milestone for the project that will

about 3 years ago
Carisbrooke Shipping
Outlook & Strategy

Carisbrooke Shipping to install solar cells on its vessels after triumph at sea

UK shipowner Carisbrooke Shipping has signed a letter of intent with Anglesey and Manchester-based Grafmarine to utilise their NanoDeck AI Solar tile management solution. The shipping company will install the solar cells on its vessels to manage and store renewable energy following successful trials

about 3 years ago
Illustration/OPT’s PowerBuoy (Courtesy of OPT)
Outlook & Strategy

OPT grows 2023 net loss as revenues increase

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.

about 3 years ago
X-Press Capella
Outlook & Strategy

OCI Global to supply X-Press Feeders with green methanol after Maersk success

Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co

about 3 years ago
Xin Quang Hua
Outlook & Strategy

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the

about 3 years ago
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
Outlook & Strategy

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub

about 3 years ago
GOGL
Outlook & Strategy

Safe Bulkers welcomes 4th newbuild, advances eco upgrades

Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with

about 3 years ago
Sailing community leaps towards greener future as first hydrogen-run coach boat hits water
Outlook & Strategy

Sailing community leaps towards greener future as first hydrogen-run coach boat hits water

At the 2023 World Sailing Championships in The Hague, Netherlands, Dutch sailing organization Watersportverbond will introduce its first-ever emission-free, hydrogen-powered coach boat, the H2C Boat. According to German electric drive system provider Torqeedo, the boat, equipped with its Deep Blue e

about 3 years ago
BP and OMV ink long-term LNG supply agreement
Outlook & Strategy

BP and OMV ink long-term LNG supply agreement

UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob

about 3 years ago
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Outlook & Strategy

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago
The composite hull for the 1:6 scale version of utility-scale Triton wave energy converter (Courtesy of Balky Nair/CEO of Oscilla Power)
Outlook & Strategy

Oscilla Power starts building smaller version of its utility-scale Triton wave energy device

US-based wave energy developer Oscilla Power has started with the construction of 1:6 scale version of its 1MW Triton wave energy converter.

about 3 years ago
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