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Market Outlooks

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West Libra & West Aquila drillships - Northern Drilling
Market Outlooks

No more rigs in Northern Drilling’s fleet after second drillship gets cancelled

John Frederiksen’s Northern Drilling has now cancelled resale contracts for both of its newbuild drillships with South Korea’s DSME.

about 5 years ago
Offshore Energy
Market Outlooks

Counting down to Offshore Energy Exhibition & Conference 2021

In less than two weeks, Offshore Energy Exhibition & Conference 2021 will open its doors! The industry will meet again face-to-face on 26 and 27 October 2021 in RAI Amsterdam.

about 5 years ago
The BASEPOINT project event in Portugal (Courtesy of Bluespring)
Market Outlooks

Ports set to drive uptake of wave energy projects

Portuguese, Dutch and Spanish wave energy stakeholders recently came together to mark the successful wrap-up of the BASEPOINT project, a laboratory test programme for the Symphony wave energy converter at Sines Tecnopolo in Portugal.

about 5 years ago
Repsol invests €2.549 billion in renewable hydrogen push
Market Outlooks

Repsol invests $2.96 billion in renewable hydrogen push

Spanish oil and gas company Repsol says it will invest €2.549 billion ($2.958 billion) in the entire hydrogen value chain by 2030. Renewable hydrogen is one of Repsol’s strategic pillars to achieve zero emissions by 2050. Thus, the company presented its hydrogen strategy for up to 2030 Its goal is t

about 5 years ago
Photo of Patrik Möller, CEO of CorPower Ocean (Courtesy of SKF/Photo by Content Avenue AB)
Market Outlooks

CorPower on board European Commission’s renewed Clean Energy Industrial Forum

Swedish wave energy company CorPower Ocean has been appointed to the European Commission’s renewed Clean Energy Industrial Forum.

about 5 years ago
Gazprom signs deal with Russian goverment for hydrogen push
Market Outlooks

Gazprom collaborates with Russian government on hydrogen energy

Russian gas company Gazprom has signed an agreement of intent with the goverment to advance the hi-tech area of developing hydrogen energy and decarbonization of industry and transport in the country.

about 5 years ago
Norden
Market Outlooks

Norden benefits from dry bulk market’s bumper year

Danish shipping company Norden is capitalizing on rising asset values in the dry cargo market through vessel sales, with several units sold in the past few months.

about 5 years ago
Illustration/Sungrow's Xinji Huainan floating solar farm (Courtesy of Sungrow)
Market Outlooks

DNV verifies Sungrow’s mooring design for floating solar systems

Certification body DNV has issued a ‘Statement of Conformity’ to the Chinese solar energy company Sungrow for its anchoring and mooring design methodology for floating solar systems.

about 5 years ago
Bombora Wave Power's mWave device concept (Courtesy of Bombora Wave Power)
Market Outlooks

MOL-Bombora wave energy project in Mauritius gets subsidy from Japan

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has informed that its proposed wave energy project in Mauritius, to be developed with Bombora Wave Power, received subsidy from the Ministry of Economy, Trade and Industry (METI) of Japan.

about 5 years ago
Photo showing Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Orbital Marine to showcase UK’s tidal power prowess at Global Investment Summit

The UK government has unveiled the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit – one of which is the Scottish-based tidal energy company Orbital Marine Power.

about 5 years ago
ORE Catapult’s 1MW powertrain test facility (Courtesy of ELEMENT)
Market Outlooks

ELEMENT set to start onshore testing programme for Nova Innovation’s tidal energy turbine

EU-backed ELEMENT project, whose aim is to slash the cost of tidal energy by 17% using artificial intelligence, is well underway with preparations to start with the onshore testing programme at ORE Catapult’s Blyth facility.

about 5 years ago
The 1MW OceanQuest tidal turbine retrieved after two years in operation (Courtesy of HydroQuest/Photo by PG/CMN)
Market Outlooks

HydroQuest brings tidal energy turbine ashore after two years in operation off France

French marine energy company HydroQuest has retrieved its 1MW tidal energy turbine after two years of being submerged and operating at the Paimpol-Bréhat site in the French province of Brittany.

about 5 years ago
Illustration/CorPower wave energy farm co-located with wind farm (Courtesy of CorPower Ocean)
Market Outlooks

EU launches €3.9 million call for multi-use offshore renewable energy projects

A new €3.9 million call for proposals has been launched under the European Maritime, Fisheries and Aquaculture Fund for innovative multi-use projects combining offshore renewable energy with other activities in the blue economy space.

about 5 years ago
Bathymetry campaign at the Gulf of Morbihan has been performed ahead of installation of Sabella's turbines (Courtesy of TIGER)
Market Outlooks

Gulf of Morbihan being prepared for Sabella’s tidal turbines

TIGER project partners have carried out a bathymetry campaign of the seabed in the Gulf of Morbihan as part of preparations for the installation of Sabella’s tidal turbines.

about 5 years ago
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