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Illustration; Source: North Sea Transition Authority (NSTA)
Outlook & Strategy

With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites

Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.

14 minutes read
Maersk
Outlook & Strategy

Milestone: Maersk launches methanol-powered feeder in bold move toward carbon neutrality

Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi

about 3 years ago
Value Maritime
Outlook & Strategy

LR: Creating economic incentives for OCCUS adoption key to wider adoption

Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re

about 3 years ago
Denmark seeks to withdraw from Energy Charter Treaty due to energy transition concerns
Outlook & Strategy

Denmark seeks to exit Energy Charter Treaty due to energy transition concerns

The Danish government is working to withdraw from the Energy Charter Treaty (ECT) due to possible concerns and risks for the green transition, among other things. The ECT is a trade and investment agreement that aims to create secure framework conditions and make it attractive for private investors

about 3 years ago
Idemitsu looks into clean hydrogen production generated from waste
Outlook & Strategy

Idemitsu looks into clean hydrogen production generated from waste

Energy company Idemitsu Kosan has launched a feasibility study of clean hydrogen production in Japan generated from waste, including municipal waste. The study is conducted in collaboration with US-based H-Cycle (HC), a developer of a thermal conversion process that uses heat and electricity to tran

about 3 years ago
Global wave and tidal energy market poised to reach $10 bln by 2031, report shows
Outlook & Strategy

Global wave and tidal energy market poised to reach $10 bln by 2031, report shows

Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re

about 3 years ago
NWSA
Outlook & Strategy

NWSA reveals inaugural shore power plug-in at terminal 5

The Northwest Seaport Alliance’s Terminal 5 welcomed MSC Brunella last week as the first vessel to plug-in into the terminal’s shore power infrastructure. This inaugural plug-in on April 10 marked the commissioning phase of the Terminal’s shore power project component, successfully utilizing clean e

about 3 years ago
Glenfarne’s Hydrogen Fuels Initiative to boost energy transition
Outlook & Strategy

Glenfarne’s Hydrogen Fuels Initiative to boost energy transition

Glenfarne Energy Transition, a wholly owned subsidiary of Glenfarne Group, has launched Glenfarne Hydrogen Fuels Initiative, which aims to produce sustainable, zero-carbon hydrogen-based fuels. The initiative includes projects in Chile, Texas, and Louisiana, which together are expected to produce ap

about 3 years ago
OPT's next-generation wave energy converter buoy starts ocean tests
Outlook & Strategy

OPT’s wave energy converter buoy starts ocean tests

US-based marine energy company Ocean Power Technologies (OPT) has commenced the first ocean tests of its next-generation increased power wave energy converter buoy.

about 3 years ago
Japanese partners study turning Namikata Terminal into ammonia hub
Outlook & Strategy

Japanese partners study turning Namikata Terminal into ammonia hub

Seven Japanese companies have joined forces to investigate the possibility of utilizing Namikata Terminal in Imabari City as an ammonia supply hub. Namely, Shikoku Electric Power Company, Taiyo Oil Company, Taiyo Nippon Sanso Company, Mazda Motor Corporation, Mitsubishi Corporation, Namikata Termina

about 3 years ago
Chevron teams up with Angelicoussis for ammonia carrier study
Outlook & Strategy

Chevron teams up with Angelicoussis for ammonia carrier study

Energy major Chevron, through its subsidiary Chevron Shipping Company, and the Angelicoussis Shipping Group, through its Energy Transition division Green Ships, have made a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. Thro

about 3 years ago
Overseas Anacortes oil tanker; Source: OSG
Outlook & Strategy

Coast Guard medevacs oil tanker captain off Alabama

The U.S. Coast Guard has performed an evacuation via helicopter of a 69-year-old captain from an oil tanker 218 miles offshore Alabama.

about 3 years ago
Next-gen autonomous subsea robot hits the water
Outlook & Strategy

Next-gen autonomous subsea robot hits the water

Nauticus Robotics has kicked off a commissioning exercise of the first of three second-generation Aquanauts autonomous subsea robots, dubbed the Mark 2 (MK2). Following commissioning, Nauticus plans to send the initial Aquanaut MK2 units to the North Sea and the Gulf of Mexico in the coming months t

about 3 years ago
N-Sea to connect German offshore wind farm to Dutch gas platform
Outlook & Strategy

N-Sea to connect German offshore wind farm to Dutch gas platform

Dutch upstream oil and gas company, ONE-Dyas, has awarded N-Sea with a contract to install a subsea power cable between the Riffgat offshore wind farm in the German North Sea and the new, to-be-built N05-A gas production platform. The scope of N-Sea includes the complete scope comprising survey, des

about 3 years ago
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