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Market Outlooks

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Northern Lights subsea template before installation; Source: Equinor CCS
Market Outlooks

Rystad: Europe could invest $35 billion in CCS by 2035

After many years of expensive carbon capture and storage (CCS) studies and test centres, Europe has reached a point where big-scale developments are financially sensible, a Rystad Energy analysis shows.

about 6 years ago
CMA CGM
Market Outlooks

CMA CGM boosts profitability despite volume slowdown

During the second quarter of this year, French container shipping major CMA CGM improved profitability in all its business activities despite challenges related to COVID-19.

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about 6 years ago
OGA
Market Outlooks

UK: OGA offers offshore blocks to 65 firms as gov’t launches review into future licensing regime

The UK’s Oil and Gas Authority (OGA) has offered for award 113 licence areas over 259 blocks or part-blocks to 65 companies in the latest offshore licensing round.

about 6 years ago
WoodMac: LNG regas capacity under construction at 10-year high
Market Outlooks

WoodMac: LNG regas capacity under construction at 10-year high

The global LNG regasification capacity under construction could hit 144 million tonnes per annum in 2020, a 10-year high.

about 6 years ago
An offshore wind technician on top of a wind turbine
Market Outlooks

World gets 2.5 GW of offshore wind in first half of 2020

Globally, 2,535 MW of offshore wind was put into operation during the first half of the year, with offshore wind installations reaching 29,839 MW by the end of June 2020, according to World Forum Offshore’s (WFO) H1 2020 Global Offshore Wind Report. The organisation said the figures underline the co

about 6 years ago
A photo of an installation vessel mounting blades on a turbine at sea
Market Outlooks

Quarter of world’s new offshore wind capacity to be in China

China, the UK, and the U.S. will be the main contributors to the new offshore wind capacity added globally by 2030, with China’s new offshore wind farms to account for 25 per cent of the globally installed capacity. “China is poised to dominate due to its conducive policy initiatives and presence of

about 6 years ago
Recep Tayyip Erdoğan during the presentation of the discovery with the Fatih drillship image in the background; Source: Presidential website Turkey Wood Mackenzie
Market Outlooks

Woodmac: Turkey’s Tuna-1 discovery could be transformational

A gas discovery of the scale of Turkey’s Tuna-1 find in the Black Sea, if developed, would be transformational for the country, given its overwhelming reliance on imports and crippling energy import bill, according to Wood Mackenzie.

about 6 years ago
containership
Market Outlooks

Performance Shipping exits containership sector with vessel sale

Greek shipowner Performance Shipping has become a pure play Aframax company as it disposed of the final containership in its fleet.

about 6 years ago
Illustration; Source: Equinor
Market Outlooks

Norway: Tax relief to increase investments in oil and gas

A survey made by the Norwegian statistics bureau SSB revealed that oil and gas investment in Norway will rise more this year and decline less in 2021 than predicted a few months ago.

about 6 years ago
Port of Rotterdam
Market Outlooks

COVID-19 could cost the shipping industry 40K jobs

The shipping industry could lose up to 40,000 jobs as more than 50% of the people in shipping lines work from home now due to the coronavirus pandemic, Lars Jensen, CEO, SeaIntelligence Consulting believes. “COVID-19 has proven that our systems work, as we’re still able to move 85% of global value a

about 6 years ago
An offshore vessel
Market Outlooks

Rystad: OFS industry to see lowest headcount in over a decade as Covid-19 pushes firms into cost-cutting mode

A Rystad Energy analysis of the top 50 OFS firms shows that staffing is set to reach its lowest level in more than 10 years.

about 6 years ago
vessel
Market Outlooks

Norden moves forward with fleet renewal

Acting on dry cargo asset opportunities, Danish shipping company Dampskibsselskabet Norden A/S has announced new vessel deals.

about 6 years ago
Nordic Winter rig
Market Outlooks

Awilco exploring options to finance rig order at Keppel

Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel.

about 6 years ago
Archer Knight Executive Director David Sheret
Market Outlooks

Archer Knight adds offshore wind to its market intelligence platform

Archer Knight has expanded its software-as-a-service market intelligence platform to include offshore wind developments as well as subsea oil & gas. The Aberdeen-based subsea market intelligence and consultancy firm, formed by Mike Watson & David Sheret, launched Flowline this year. The platform giv

about 6 years ago