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Market Outlooks

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Illustration; Source: International Energy Agency (IEA)
Market Outlooks

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago
Illustration; Source: Aquaterra Energy
Market Outlooks

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

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about 3 years ago
NGO
Market Outlooks

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago
Modular offshore platform; Source: Aquaterra Energy
Market Outlooks

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago
Rethink Energy study: Green H2 is $850bn game everybody wants to play
Market Outlooks

Rethink Energy study: Green H2 is $850bn game everybody wants to play

According to a new study “Global Hydrogen Market Forecast to 2050,” published by Rethink Energy, the energy intelligence arm of Rethink Technology Research, the emergence of a global hydrogen marketplace of about six times the current market size now looks inevitable. In the study, Rethink predicted

about 3 years ago
The launch of IRENA NewGen Renewable Energy Accelerator - NewGen (Courtesy of IRENA)
Market Outlooks

IRENA sets up initiative to bolster youth-led renewable energy start-ups and projects

The International Renewable Energy Agency (IRENA) has launched a new initiative, the IRENA NewGen Renewable Energy Accelerator (NewGen), aimed at supporting young entrepreneurs and innovators in driving the renewable energy transition.

about 3 years ago
IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy
Market Outlooks

IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy

In its new report “Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts,” technology company IDTechEx provided an overview of the solid oxide fuel cell (SOFC) market and projected its value to reach $6.8 billion by 2033. More specifically, the report includes an assessment

about 3 years ago
Stena Pro Marine;
Market Outlooks

Methanol momentum: 25 ships in operation, 81 more on the way

There are currently 25 methanol-fuelled ships in operation and another 81 ships on order as of March 2023, according to DNV’s Alternative Fuels Insight. This compares to a total of 82 methanol-powered ships that were in operation and on order at the end of 2022. Of the newbuild ship orders placed in

about 3 years ago
CMA CGM
Market Outlooks

Average sailing speed could drop by 10 pct by 2025, BIMCO says

Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down

about 3 years ago
Vaalco picks DOF Subsea for subsea reconfiguration off Gabon
Market Outlooks

DNV: Oil demand in transport sector to half by 2050 with maritime transitioning to a mix of fuels

Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte

about 3 years ago
Illustration; Source: Bureau Veritas
Market Outlooks

Is gas paving the way for the hydrogen revolution?

In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago
CMA CGM's LNG-powered giant calls at Dunkirk
Market Outlooks

Survey: Multifuel future is on the cards as companies ready to run their fleets on 3 or more fuels simultaneously

As the global maritime industry embarks on a decarbonization journey, a recent survey conducted among industry stakeholders has revealed that the path towards decarbonization will be complex, with a wide range of fuels in the mix through 2050. The survey respondents expect their fleets to run on mul

about 3 years ago
Wood Mackenzie
Market Outlooks

With $185 bln of total investment on the table, WoodMac expects more oil & gas FIDs in 2023

Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.

about 3 years ago
ADNOC buying stake in Austrian oil and gas firm
Market Outlooks

ADNOC to strengthen clean fuels value chain between UAE and Japan

Abu Dhabi National Oil Company (ADNOC) has signed two agreements with Japanese partners to boost the clean fuels value chain between the UAE and Japan. ADNOC said the first agreement, with the Kawasaki company, aims to explore the production, liquefaction, and transportation of hydrogen to key globa

about 3 years ago