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Market Outlooks

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A jack-up drilling rig
Market Outlooks

Offshore drilling set for two consecutive years of growth, Rystad says

After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.

about 5 years ago
Hapag-Lloyd
Market Outlooks

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).

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about 5 years ago
Illustration/Orbital Marine’s O2 turbine under construction (Courtesy of Orbital Marine Power)
Market Outlooks

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
registries
Market Outlooks

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
Corvus Energy
Market Outlooks

Corvus selects Kitron for battery systems production

Norway-based energy storage company Corvus Energy has chosen compatriot Kitron as the manufacturing partner for the company’s battery management control systems.

about 5 years ago
offshore platform
Market Outlooks

Oil demand recovery at risk over vaccination hiccups, Rystad says

Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.

about 5 years ago
Illustration; Source: IEA
Market Outlooks

Oil market future uncertain after rebound from Covid-19 shock, IEA says

Based on today’s policy settings, global oil demand is set to rise every year through 2026 but stronger policies and behaviour changes could bring a peak in demand soon, an IEA report says.

about 5 years ago
Hapag-Lloyd
Market Outlooks

Hapag-Lloyd continues momentum after strong 2020

German container shipping giant Hapag-Lloyd saw a significant earnings surge in 2020 despite negative effects of the coronavirus pandemic.

about 5 years ago
Ammonia-fuelled ammonia gas carrier
Market Outlooks

Getting to Zero Coalition: Major increase in uptake of large ammonia vessels

There has been a notable increase in the uptake of large ammonia vessels over the past year, according to Getting to Zero Coalition’s latest edition of zero-emission project mapping. The number of identified projects has jumped from 66 to 106, the coalition’s second edition of the biannual Mapping o

about 5 years ago
Russia: LNG action plan approved
Market Outlooks

Russia: LNG action plan approved

The Russian government approved the LNG market development roadmap for the next five years.

about 5 years ago
Illustration; Source: OGUK
Market Outlooks

OGUK: Over $4 bln of lost investment during pandemic threatens net-zero future

Oil & Gas UK (OGUK), the representative body for the UK offshore oil and gas industry, has stated that securing and sustaining investment in the sector was critical to helping the UK quickly realise a net-zero future.

about 5 years ago
Photo of Benjamin Lehner and Tjerk Suurenbroek opening the webinar (Courtesy of DMEC)
Market Outlooks

Large-scale demonstrations key to attracting marine energy investments

As the transition to renewable energy gains pace worldwide, marine energy and its predictable and reliable nature, backed by versatile application potential, is bound to find its place in the future energy mix. However, the sector first needs to demonstrate its ability to go large-scale to attract b

about 5 years ago
Fugro teams up with dCarbonX
Market Outlooks

Fugro teams up with dCarbonX

Dutch survey contractor Fugro has inked a strategic framework agreement with UK-based geo-energy resource company dCarbonX for decarbonisation exploration projects in the UK and Ireland. Fugro said Thursday the deal will enable the two companies to collaborate on the above mentioned projects at the

about 5 years ago
Illustration for Solar Park Amer (Courtesy of RWE)
Market Outlooks

RWE to make floating solar debut in the Netherlands

RWE, one of the world’s leading companies for renewable energy, has unveiled plans to construct its first floating photovoltaic (PV) project in the Netherlands.

about 5 years ago