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Market Outlooks

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Fossil EnergyOil & GasBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionSubseaCollaborationTransitionFloating SolarMarine EnergyInnovationOutlook & StrategyResearch & DevelopmentTechnologyOffshore WindWind FarmsAutomationIT & SoftwareOperations & MaintenanceVesselsVisionHuman CapitalHydrogenEnvironmentClean FuelLNGSeismicGreen MarineShipbuildingAuthorities & Government
Stena Carron drillship is working for ExxonMobil off Guyana
Market Outlooks

Guyana to see record number of wells in 2021, Rystad says

Norwegian energy intelligence firm Rystad Energy expects the exploration activity in Guyana to speed up, with a record number of wells set for 2021.

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

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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
A SkySpecs drone during inspection at an offshore wind farm
Market Outlooks

New tech in O&M driving down offshore wind opex/MW

Global average opex per megawatt in the offshore wind sector has fallen significantly over the last eight years and is expected to further decline until 2029, driven by an increasing utilisation of new technologies and innovative solutions in operations and maintenance (O&M). “With economies of scal

about 5 years ago
Illustration; Source: Aker Carbon Capture Microsoft Ørsted Northern Lights
Market Outlooks

Ørsted, Aker Carbon Capture, Microsoft collab mulls use of Northern Lights

Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology colossus Microsoft teamed up in a project to capture emissions from biomass power plants and store them using the Northern Lights project.

about 5 years ago
offshore worker
Market Outlooks

Rystad reveals hardest-hit countries as Covid-19 took its toll on oil and gas jobs

The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels.

about 5 years ago
Illustration/SIMEC Atlantis' AR1500 tidal turbine (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

IEA-OES releases 2020 annual report on ocean energy

Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has provided an overview of ocean energy activities in 2020 in its newly released annual report.

about 5 years ago
A jack-up vessel at an offshore wind farm
Market Outlooks

Global offshore wind O&M market to reach € 10 billion by 2029

The global offshore wind operations and maintenance (O&M) market is expected to grow 16 per cent annually and reach € 10 billion by 2029. Europe will remain the biggest O&M market by region, while China will become the biggest single market in terms of national markets. This is according to the late

about 5 years ago
Big Foot field - Chevron
Market Outlooks

Chevron sticks to lower budget plans, sets new carbon reduction goals

Chevron has reaffirmed its lower budget plans, doubled the savings from the takeover of Noble Energy, and set new goals for reducing carbon emissions.

about 5 years ago
Gasum secures LNG distribution license on the French market
Market Outlooks

Gasum secures LNG distribution license on the French market

Gasum, the Nordic energy company, obtained a distribution license for liquefied natural gas (LNG) in France.

about 5 years ago
Illustration; Source: Eni
Market Outlooks

Eni could list stake in new retail-renewable spin-off

Italian oil and gas company Eni is looking to spin off a new combined retail and renewable energy business next year and sell a minority stake to further fund its energy transition plans.

about 5 years ago
Jan Schoolmeesters
Market Outlooks

New setup for TGS with energy transition focus

Oslo-listed seismic player TGS has appointed Jan Schoolmeesters as head of New Energy Solutions (NES) business unit, established to pursue opportunities related to the energy transition. In February this year, TGS launched New Energy Solutions (NES). In a statement back then, the company said it aim

about 5 years ago
Damen
Market Outlooks

Damen sets up ship financing division

Dutch shipbuilder Damen Shipyards Group revealed plans to launch a specialised financial services division, starting from 1 April 2021.

about 5 years ago
OPEC
Market Outlooks

OPEC and allies extend oil production cuts into April

OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.

about 5 years ago