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Outlook & Strategy

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Illustration/Sandia Lab engineers testing wave energy converter (Photo: Sandia National Laboratories)
Outlook & Strategy

U.S. national labs get $7.1M to upgrade marine energy testing infrastructure

U.S. Department of Energy’s Water Power Technologies Office (WPTO) has awarded funding to seven projects supporting marine energy testing infrastructure upgrades across five national research laboratories.

about 5 years ago
A map of offshore wind areas in Gulf of Mexico
Outlook & Strategy

Offshore wind could meet 166% of Texas’s electricity demand

The U.S. state of Texas has an offshore wind potential in the Gulf of Mexico that could provide the state with 166 per cent of its electricity needs, according to the recently published Offshore Wind for America report, which found that offshore wind could meet 90 per cent of the U.S. projected 2050

about 5 years ago
Hapag-Lloyd
Outlook & Strategy

Hapag-Lloyd readies sustainability-linked senior note

German container shipping major Hapag-Lloyd AG revealed plans to issue a sustainability-linked corporate senior note in the amount of EUR 300 million (about $357 million).

about 5 years ago
Photo of Vincent and Roisin Mc Cormack, father and daughter founding team of GKinetic Energy (Courtesy of GKinetic Energy)
Outlook & Strategy

VATTS to pair tidal turbines with battery storage in Strangford Lough demo

A new project, dubbed VATTS, has been launched with the aim to demonstrate vertical axis tidal turbines coupled with battery storage technology in a demonstration planned for Strangford Lough later this year.

about 5 years ago
Sumitomo signs MoU for a Gladstone hydrogen ecosystem
Outlook & Strategy

Sumitomo signs MoU for a Gladstone hydrogen ecosystem

Sumitomo Australia, a subsidiary of Japan’s Sumitomo, agreed with the authorities of Gladstone, Australia, to develop an H2 ecosystem.

about 5 years ago
CSL
Outlook & Strategy

CSL to test biodiesel on half of its fleet in 2021

Canadian shipping company Canada Steam Ship Lines (CSL) will be testing second generation biodiesel on half of its fleet over the course of the 2021 navigation season — a first for the Great Lakes shipping industry.

about 5 years ago
Baker Hughes
Outlook & Strategy

Baker Hughes, Horisont team up for Barents Sea carbon capture project

Oilfield services major Baker Hughes and carbontech startup Horisont Energi have signed a memorandum of understanding (MoU) for the Polaris carbon storage project in the Barents Sea, off the northern coast of Norway.

about 5 years ago
Illustration/Orbital Marine’s O2 turbine under construction (Courtesy of Orbital Marine Power)
Outlook & Strategy

Scotland readies £4 million green jobs call

Scottish Enterprise has announced the first in a series of upcoming grant funding calls designed to help support economic recovery and stimulate the creation of new green jobs in Scotland.

about 5 years ago
Noble Roger Lewis jack-up rig - Noble Corp.
Outlook & Strategy

Offshore vessel owner buys 1 per cent of Noble Corp.

Cyprus-based offshore vessel operator S.D Standard Drilling has secured a 1 per cent ownership in offshore drilling contractor Noble Corporation.

about 5 years ago
Photo of Geir Arne Solheim on a Powerpier equipped with H-WEC units (Courtesy of Havkraft)
Outlook & Strategy

Wave-powered breakwater hits water offshore Norway

The multi-purpose Powerpier solution, designed to offer protection from waves while exploiting them to produce clean power, has been installed offshore the Norwegian town of Ålesund.

about 5 years ago
Høglund
Outlook & Strategy

Høglund to supply automation and gas management systems for Tianjin Southwest Maritime VLECs

Systems integration specialist Høglund has signed two more contracts with Jiangnan Shipyard (Group) Co Ltd and Babcock LGE to supply integrated automation and control systems (IACS) and gas handling for two Tianjin Southwest Maritime-owned very large ethane carrier (VLEC) newbuilds.

about 5 years ago
Rick Hall; Source: SOFEC
Outlook & Strategy

SOFEC CEO to retire after 29 years of service

President and chief executive officer (CEO) of offshore mooring systems provider SOFEC has decided to retire from the company after 29 years of service.

about 5 years ago
Photo of EV charge point in Shetland, and Nova Innovation’s tidal turbine (Courtesy of Nova Innovation)
Outlook & Strategy

Cars powered by tidal energy facilitating Scotland’s drive to net-zero

Scottish tidal energy company Nova Innovation has created the first ever electric vehicle (EV) charge point in Shetland where drivers can ‘fill up’ directly from a tidal power source.

about 5 years ago
registries
Outlook & Strategy

UK unveils £20M fund to propel green shipbuilding

The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.

about 5 years ago
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