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Outlook & Strategy

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Authorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsRegulation & PolicyRules & RegulationTechnologyTransitionEquipmentProject & TendersCollaborationExploration & ProductionInnovationResearch & DevelopmentVisionInfrastructureVesselsMarket OutlooksHuman Capital
John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers
Outlook & Strategy

John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers

John Cockerill Hydrogen has acquired part of the assets of McPhy to accelerate the development of its new generation of pressurized alkaline electrolyzers.

about 1 year ago
Pacific Basin
Outlook & Strategy

Pacific Basin closes its 2nd sustainability-linked loan

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has closed a new $250 million sustainability-linked 7-year senior secured committed revolving credit facility for general corporate purposes.

about 1 year ago
Aker BP to keep Oceaneering busy for three years or longer
Outlook & Strategy

Oceaneering looking at up to $90M in revenue thanks to contract with ExxonMobil

U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. Oceaneering Angola and Oceaneering Marin

about 1 year ago
Several people standing on stage at an MoU signing ceremony
Outlook & Strategy

Baker Hughes and Petronas forge alliance to boost Asia-Pacific’s energy transition

U.S.-headquartered energy technology giant Baker Hughes has signed a strategic partnership memorandum of understanding (MoU) with Malaysia’s Petronas to explore collaboration in areas that have the potential to support Asia’s energy transition.

about 1 year ago
Belgian duo eyes innovation in green hydrogen technology
Outlook & Strategy

Belgian duo eyes innovation in green hydrogen technology

Agfa and VITO have signed a long-term cooperation agreement focused on innovation in green hydrogen technology.

about 1 year ago
Expro wins three-year contract for Mexican deepwater oil & gas project
Outlook & Strategy

Expro wins three-year contract for Mexican deepwater oil & gas project

Energy services provider Expro has won a contract with Woodside Energy to deliver tubular running services (TRS) and cementing services for what is expected to be Mexico’s first deepwater oil production facility. The three-year contract for the Trion deepwater oil & gas development will see Expro es

about 1 year ago
ITOCHU orders ammonia bunkering vessel for demonstration project in Singapore
Outlook & Strategy

ITOCHU orders ammonia bunkering vessel for demonstration project in Singapore

Japanese trading company ITOCHU Corporation has contracted compatriot Sasaki Shipbuilding to construct a 5,000 cubic meter (cbm) ammonia bunkering vessel and Izumi Steel Works to build an ammonia tank plant that will be loaded onto the vessel.

about 1 year ago
Swire Shipping
Outlook & Strategy

Swire Shipping rolls out new carbon insetting program

Singapore-based shipping company Swire Shipping has launched Voyage to Zero, a carbon insetting program that promises a reduction in Scope 3 greenhouse gas (GHG) emissions.

about 1 year ago
Two men shaking hands
Outlook & Strategy

Naftogaz teams up with Baker Hughes to modernize Ukrainian energy sector

Ukraine’s state-owned energy company Naftogaz has signed a memorandum of understanding (MoU) with U.S.-headquartered energy technology giant Baker Hughes to explore opportunities for fortifying the energy sector in Ukraine.

about 1 year ago
€2.45 million wave energy project targets Atlantic coastal deployment
Outlook & Strategy

€2.45 million wave energy project targets Atlantic coastal deployment

Wave energy developer Eco Wave Power has joined a newly approved €2.45 million project under the Interreg Atlantic Area Program, focused on advancing scalable wave energy deployment across Europe’s Atlantic coastline. According to Eco Wave Power, the project, named Atlantic Wave Energy Sustainable

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Outlook & Strategy

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
SHI
Outlook & Strategy

SHI, Evergreen team up on VR dual fuel vessel seafarer training

South Korean shipbuilder Samsung Heavy Industries (SHI) has collaborated with Taiwanese container shipping company Evergreen to develop and install virtual reality (VR) solutions intended to teach seafarers how to operate green ships.

about 1 year ago
European Investment Bank approves €168M for second Malta-Italy interconnector
Outlook & Strategy

European Investment Bank approves €168M for second Malta-Italy interconnector

The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs

about 1 year ago
Vopak
Outlook & Strategy

IHI, Vopak to jointly develop, operate ammonia terminal in Japan

Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.

about 1 year ago
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