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QatarEnergy, TotalEnergies and Petronas win offshore exploration block in Brazil
Outlook & Strategy

QatarEnergy, TotalEnergies and Petronas win offshore exploration block in Brazil

QatarEnergy, TotalEnergies, and Petronas have been awarded an offshore exploration block in Brazil.

about 3 years ago
Illustration/Tank testing model of a floating tidal energy turbine developed by Orbital Marine Power, one of the partners in the TIGER project (Courtesy of TIGER project)
Outlook & Strategy

Researchers roll out tool for streamlined tidal turbine life cycle assessment

Researchers from the University of Exeter have developed a new tool to streamline the life cycle assessment of tidal turbine deployments.

about 3 years ago
Canadian oil & gas player facing charges over FPSO incident
Outlook & Strategy

Canadian oil & gas player facing charges over FPSO incident

Regulator has laid charges against Suncor Energy related to an incident from 2019 on an FPSO off Canada, in which a worker was injured.

about 3 years ago
COSCO Car carrier
Outlook & Strategy

COSCO Shipping JV ups the ante with 6 more LNG-powered car carriers

Guangzhou Yuanhai Car Carrier Transportation, a joint venture recently set up by Cosco Shipping Specialized Carriers, SIPG Logistics and Anji Logistics, has placed an order for six 7,500 CEU dual-fuel LNG car carriers. The vessels will be built by Fujian Shipbuilding’s Xiamen Shipbuilding Industry a

about 3 years ago
Biden-Harris Administration boosting clean hydrogen tech with $750 million
Outlook & Strategy

Biden-Harris Administration boosting clean hydrogen tech with $750 million

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), has revealed its intent to issue $750 million in funding from President Biden’s Bipartisan Infrastructure Law to reduce the cost of clean hydrogen technologies. The funding is seen as a crucial component of the Administrat

about 3 years ago
Offshore Energy
Outlook & Strategy

EU poised to start taxing shipping emissions in 2024

In the final round of talks over the weekend, the EU Council and the European Parliament hammered out a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that aim to further reduce emissions and address their social impacts. The ‘Fit for 55’ package is aimed at ena

about 3 years ago
Three North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security
Outlook & Strategy

North Sea operators fined amid crackdown on risks to UK’s net-zero and energy security

UK’s regulator North Sea Transition Authority (NSTA) has fined EnQuest, Equinor, and Spirit Energy a total of £265,000 or $322,437.

about 3 years ago
Illustration/D10 tidal turbine developed by French company Sabella (Courtesy of Sabella/Balao)
Outlook & Strategy

Europe launches €40 million call for demonstration of tidal energy farms

The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.

about 3 years ago
INTOG leasing illustration (Courtesy of Crown Estate Scotland)
Outlook & Strategy

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago
Plans unveiled for $20.4 billion investments in ten oil & gas projects
Outlook & Strategy

Plans unveiled for investments of $20.4 billion in ten oil & gas projects

Aker BP has submitted a PIO and ten PDOs for oil and gas projects to the Norwegian Ministry of Petroleum and Energy.

about 3 years ago
IMO Secretary General
Outlook & Strategy

IMO fails to adopt more ambitious 2050 target

The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t

about 3 years ago
HMM
Outlook & Strategy

HMM readies order for methanol-powered newbuilds

South Korean shipping major HMM is preparing an order for new containerships powered by alternative fuels as part of its future growth strategy. The strategy was announced in July this year with HMM assigning $11.3 billion for future investments, including expansion of its eco-friendly ships from th

about 3 years ago
car carrier
Outlook & Strategy

Clarksons: 93 pct of car carrier newbuilds LNG capable, 23 pct ammonia/methanol ready

Car carrier newbuild ordering has increased significantly in 2021 and 2022 on record markets and the resumption of owners’ fleet renewal programmes, including efforts to support manufacturers to become ‘green through the supply chain’. The market recovery is primarily driven by post-covid car trade

about 3 years ago
FFI and Azerbaijan exploring green hydrogen projects
Outlook & Strategy

FFI and Azerbaijan exploring green hydrogen projects

Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, and the Ministry of Energy of the Republic of Azerbaijan have signed a framework agreement to jointly study and develop potential green hydrogen and renewable energy projects in Azerbaijan. The agr

about 3 years ago
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