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Outlook & Strategy - Offshore Energy

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Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New Energies

Outlook & Strategy

Wison pools resources with Siemens Energy on FLNG and FPSO projects

China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (

about 1 year ago

Outlook & Strategy

Dutch survey company settles in France to better serve local projects

Amsterdam-headquartered Deep, which specializes in hydrography, marine geophysics, UXO surveys and precise marine positioning, is strengthening its presence in France by opening a local entity to serve French clients and projects more efficiently. Set to start operating this month, Deep Atlantique w

about 1 year ago

Outlook & Strategy

ABB, Blykalla team up on nuclear power technology for maritime industry

Switzerland-based technology company ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment of small modular lead-cooled reactors to the maritime industry.

about 1 year ago

Outlook & Strategy

LR and HD Hyundai Mipo join forces for 22,000 cbm LNG bunker vessel design

UK classification society Lloyd’s Register (LR) and South Korean shipbuilding player HD Hyundai Mipo have revealed a joint development project (JDP) to design a 22,000 cubic meter (cbm) LNG bunkering vessel.

about 1 year ago

Outlook & Strategy

IEA highlights role of policy in advancing hydrogen projects

Scaling up hydrogen is no longer primarily a technology challenge but a policy one, as most announced projects remain stalled without long-term demand signals and government backing, according to the International Energy Agency (IEA).

about 1 year ago

Outlook & Strategy

Tekmar wins again in Middle East, contract worth over $10 million

Following a number of recent contracts in the region, UK-headquartered Tekmar Group has won another one in the Middle East, this time for the provision of its cable protection system. Under the contract worth over $10 million with what is described as a leading international engineering, procurement

about 1 year ago

Outlook & Strategy

EU-backed project to advance wave energy farms sets start date

The EU has awarded €4 million under Horizon Europe to the Control-Oriented Innovations for future wave energy farms (COIN) project, which is set to start on November 1, 2025. Coordinated by Technische Universitaet Braunschweig in Germany, the four-year initiative aims to bring ocean energy technolo

about 1 year ago

Outlook & Strategy

‘Large’ subsea contract lands on McDermott’s desk for gas field expansion in Malaysia

U.S. offshore engineering and construction player McDermott has secured an offshore subsea contract with PTTEP Sabah Oil Limited (PTTEP) for a gas field expansion project offshore Malaysia. McDermott is in charge of the engineering, procurement, construction and installation (EPCI) services for a ca

about 1 year ago

Outlook & Strategy

Trading platforms teaming up to strengthen Asian LNG market

Singapore’s Abaxx Commodity Exchange and China’s Qingdao International Energy Exchange intend to explore strategic collaboration in the physical liquefied natural gas (LNG) market.

about 1 year ago

Outlook & Strategy

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 1 year ago

Outlook & Strategy

A trillion-plus investment gap threatens to stall shipping’s energy transition, new report reveals

Without the right moves, the global maritime industry’s decarbonization goals are at stake, a new report shows. The report explores innovative financing concepts to unlock capital for clean fuels, infrastructure and retrofits. The US-based environmental advocacy group Environmental Defense Fund (EDF

about 1 year ago

Outlook & Strategy

Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects

U.S.-based electrolyzer manufacturer Electric Hydrogen has acquired compatriot hydrogen project developer Ambient Fuels in a deal aimed at expanding the company’s project pipeline and strengthening its ability to co-develop clean hydrogen facilities with customers.

about 1 year ago

Outlook & Strategy

Reach Subsea boosts offshore capabilities with acquisition of Swedish firm

Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused on the design of equipment for subsea environments. According to Reach Subsea, Subvision has extensive experience from military and offshore development projects and has, over the years, developed several adv

about 1 year ago

Outlook & Strategy

With right moves, Kenya to unlock competitive e-fuels production for maritime sector

Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted.

about 1 year ago