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Outlook & Strategy

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Business Developments & ProjectsCollaborationEquipmentInfrastructureInnovationMarket OutlooksResearch & DevelopmentStorageTechnologyTransitionBusiness & FinanceExploration & ProductionOperations & MaintenanceRegulation & PolicyRules & RegulationAuthorities & GovernmentProject & TendersPorts & LogisticsCarbon Capture Usage & StorageVisionGreen MarineVessels
Graeme Harrison, HIE; Neil Kermode, EMEC; and Michael Matheson MSP in front of 48 Invinity VS3 modules on site (Courtesy of Invinity Energy Systems/Photo by Colin Keldie)
Outlook & Strategy

Energy storage system for tidal power-to-hydrogen research project energized in Orkney

Invinity Energy Systems has energized a 1.8MWh VS3 flow battery system at the European Marine Energy Centre (EMEC) hydrogen facility, as part of a tidal power-to-green hydrogen research project.

about 4 years ago
Sapura T-19
Outlook & Strategy

Sapura Energy to get rid of three rigs

Sapura Energy has moved to dispose of three drilling rigs as part of its focus on long-term sustainability and improving liquidity position.

about 4 years ago
Oil & gas maintenance managers facing equipment and procedure challenges
Outlook & Strategy

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 4 years ago
Minesto’s first Dragon Class tidal power plant ‘Dragon 4’ (Courtesy of Minesto)
Outlook & Strategy

Minesto grows half-year loss

Swedish marine energy company Minesto has recorded a wider net loss for the first six months of 2022, as opposed to the same period a year earlier.

about 4 years ago
Tidal turbine deployment at BTTS (Courtesy of MRECo)
Outlook & Strategy

Massachusetts tidal test site gets license extension

The Bourne Tidal Test Site (BTTS), located at Cape Cod Canal in Massachusetts, has received approval from the US Army Corps of Engineers (USACE) for the renewal of license for tidal energy technology testing.

about 4 years ago
Nigeria to unlock untapped deepwater resources through billions of investments in oil & gas with oil majors
Outlook & Strategy

Nigeria to unlock untapped deepwater resources with oil majors

To bring new investments into the oil & gas sector and boost production, Nigeria inked new PSCs for six offshore licences with oil majors.

about 4 years ago
Wood Mackenzie
Outlook & Strategy

Wood Mackenzie: Waste-based biofuels could be key driver of energy transition

Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by research and consultancy group Wood Mackenzie.

about 4 years ago
Belledune
Outlook & Strategy

Port of Belledune to get new green hydrogen facility

Canada’s Belledune Port Authority (BPA) has reached an agreement in principle with Cross River Infrastructure Partners to develop a green hydrogen production facility at the northern New Brunswick port that will help meet provincial, federal and global goals of a transition to a clean energy future.

about 4 years ago
North Sea Port
Outlook & Strategy

North Sea Port could become CO2 storage and liquefaction hub

Fluxys, ArcelorMittal Belgium and North Sea Port have started a feasibility study for the Ghent Carbon Hub project, an open-access CO2 storage and liquefaction hub.

about 4 years ago
ULSTEIN THOR ready to repower another vessel
Outlook & Strategy

Was maritime industry too quick to discard nuclear power? Emerging initiatives are proving it wrong.

The quest for zero-emission fuels is dominating the decarbonization narrative in the maritime industry today. Ammonia and hydrogen are at the top of the candidate list for the future fuel mix. However, there are numerous challenges in establishing a scalable production of green hydrogen and green am

about 4 years ago
Port of Milford Haven’s vision for the Milford Haven Waterway is to play a vital role in driving new green growth across the region (Courtesy of Port of Milford Haven)
Outlook & Strategy

Port of Milford Haven starts modernization works to accommodate marine renewables industry

Port of Milford Haven has broken ground on key phase of Pembroke Port’s modernization project, whose aim is to adapt the port infrastructure to the needs of the growing marine renewable energy industry in the region.

about 4 years ago
STR
Outlook & Strategy

STR invests £1 million in new centre of excellence

Subsea Technology and Rentals (STR) has launched its global technology and innovation centre of excellence after investing £1 million (around $1.2 million) into the facility to support its growth plans. Located in Great Yarmouth, the facility will be the base of the business’ standalone technology a

about 4 years ago
Michael Matheson at EMEC site on Eday with hydrogen transport trailer (Courtesy of EMEC)
Outlook & Strategy

EMEC collects funding for green hydrogen logistics

The European Marine Energy Centre (EMEC) has been awarded over €500,000 to secure two hydrogen tube trailers that will contribute towards the improved hydrogen supply in Orkney.

about 4 years ago
Concordia Maritime
Outlook & Strategy

Concordia Maritime: Tanker to containership conversion project put on hold

Swedish tanker shipping company Concordia Maritime has decided to put on hold the project that has been exploring the feasibility of converting a tanker into a containership.

about 4 years ago
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