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Market Outlooks

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Norway and EU
Market Outlooks

With energy security and high prices in mind, EU and Norway strengthen ties with new deal

The EU has strengthened its energy cooperation with Norway through a new deal, aiming to secure its energy independence from Russia.

about 4 years ago
Indonesian vessel owner reveals growth strategy to take advantage of ‘upturn in drilling’
Market Outlooks

Indonesian vessel owner reveals growth strategy to take advantage of ‘upturn in drilling’

Wintermar sets the stage to benefit from higher demand in the oil & gas industry while eyeing the offshore wind sector for future growth.

about 4 years ago
Illustration/Minesto's tidal energy kite (Courtesy of Ocean Energy Europe/Photo by Minesto)
Market Outlooks

EU must step up its game to meet ocean energy targets, OEE warns

Time is running out for the European Union to meet its 100 MW ocean energy deployment target by 2025, Ocean Energy Europe (OEE) has warned.

about 4 years ago
In focus: Energy players in strategic moves to net-zero
Market Outlooks

In focus: Energy players in strategic moves to net-zero

This week witnessed prominent industry players teaming up worldwide for energy transition projects and decarbonising their production and operations.

about 4 years ago
The Arklow Bank offshore wind project in Ireland by SSE
Market Outlooks

Ireland launches public consultation on electricity interconnection policy

Ireland’s Department of the Environment, Climate and Communications (DECC) has launched a technical consultation for the Electricity Interconnection Policy, published in 2018, in order to update it to reflect the developments that took place over the years. Published in July 2018, the National Polic

about 4 years ago
Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac
Market Outlooks

Shift in funding looms over oil & gas industry as COP27 approaches, says WoodMac

As GFANZ works to crystallise its climate threshold for financing, WoodMac wonders if COP27 could be a turning point for oil & gas funding.

about 4 years ago
Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes
Market Outlooks

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago
Subsea 7 targets better offshore wind foothold in South Korea with new office
Market Outlooks

Subsea 7 targets better offshore wind foothold in South Korea with new office

Subsea 7 has opened a new office in Seoul, South Korea, as it aims to better support the local offshore wind market. According to Subsea 7, South Korea is emerging to be an important market for both fixed and floating offshore wind and the move is set to support the country in achieving its ambitiou

about 4 years ago
Norway may need over $6 bln in funding by 2025 for its green energy boost
Market Outlooks

Banking on renewable energy, Norway outlines roadmap to turn into ‘green industrial giant’

The Norwegian government has presented a roadmap for a green industrial boost, where renewable energy takes centre stage.

about 4 years ago
MOL
Market Outlooks

MOL creates Philippine subsidiary to drive shipping decarbonisation

Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to establish a wholly-owned subsidiary called EcoMOL, which will tackle immediate GHG emission reduction by ships’ operational efficiency through digital solutions.

about 4 years ago
Norway to endure as exploration hotspot despite area’s maturity and recent global events, says Westwood
Market Outlooks

Norway to endure as exploration hotspot in spite of area’s maturity and recent global events, says Westwood

Even though the NCS is one of the mature areas, Westwood expects that exploration activity will continue to thrive in Norway.

about 4 years ago
UK offshore wind pioneer buys two subsea services providers
Market Outlooks

UK offshore wind pioneer buys two subsea services providers

UK offshore wind pioneer Venterra Group is acquiring two compatriot companies as part of its goal to build a service offering across the wind farm lifecycle, including engineer, build and support services. Venterra revealed it is buying Balltec, a provider of high-integrity connectors for subsea and

about 4 years ago
McDermott christens ultra-deepwater J-Lay vessel
Market Outlooks

McDermott christens ultra-deepwater J-Lay vessel

McDermott has held the christening ceremony for its newly converted Amazon vessel in the Port of Rotterdam, the Netherlands.

about 4 years ago
As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad
Market Outlooks

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad

The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

about 4 years ago
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