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Market Outlooks

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To back energy transition, Shearwater and XOCEAN unite for CCS and offshore wind
Market Outlooks

To back energy transition, Shearwater and XOCEAN unite for CCS and offshore wind

Building on the joint delivery of several large data campaigns, Norway’s Shearwater GeoServices and Ireland-based XOCEAN have set up a strategic collaboration to provide integrated data solutions to the carbon capture and storage (CCS) and offshore wind markets. The collaboration will combine Shearw

about 2 years ago
Hywind Tampen floating wind farm and Snorre platform; Source: Equinor
Market Outlooks
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Energy transition needs to pick up the pace to counter uncertainty over net zero targets

Equinor has highlighted that the speed and scale of the energy transition have to increase to reach the 1.5-degree ambition by 2050.

about 2 years ago
group of workers from RenewableUK Cymru standing in front of a red dragon statue
Market Outlooks

RenewableUK Cymru pushes for renewable energy reforms in Wales

RenewableUK Cymru is urging the next UK Government to set technology-specific targets to support the goal of meeting 100% of electricity demand from renewable sources by 2035.

about 2 years ago
With first vessel in its arsenal, new subsea services company ready to roll
Market Outlooks

With first vessel in its arsenal, new subsea services company ready to roll

FreeStar Subsea Services, a new company in the market set up by the merger of Dutch companies Vriezoo ROV Services and Mark Offshore, has acquired its first vessel, marking the start of operations. Managing Director of Vriezoo ROV Services Willem de Vries and Managing Director of Mark Offshore Mark

about 2 years ago
four men in suits gather for opening of SolarDuck's new office in Tokyo
Market Outlooks

SolarDuck strengthens Asia Pacific foothold with expansion of Tokyo office

Dutch-Norwegian company SolarDuck has expanded its regional office in Tokyo, Japan, to better devote to the Japanese market and accelerate the commercialization of its floating solar technology.

about 2 years ago
Illustration; Source: JDR Cable Systems
Market Outlooks

Interview with JDR: Spotlight on subsea cables’ starring role in oil & gas and renewable plays during transformation to greener energy mix

Subsea cables are expected to remain at the heart of further energy transition moves, according to JDR Cable Systems.

about 2 years ago
Illustration; Source: National Grid
Market Outlooks

Over $76 billion set aside for energy projects across the Atlantic over next five years

National Grid has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean.

about 2 years ago
Illustration; Source: Aker Solutions
Market Outlooks

Aker Solutions rebrands its consultancy business, with twofold headcount increase on the horizon

Aker Solutions has shared a new name for its consultancy arm alongside plans to boost revenue and personnel by 50% over the next six years.

about 2 years ago
Industry players present ‘key’ actions to bolster UK’s hydrogen economy
Market Outlooks

Industry players present ‘key’ actions to bolster UK’s hydrogen economy

The Hydrogen Coordination Forum, which brings together a range of UK and regional bodies across the hydrogen landscape, has announced ten “key” actions to support the scale-up of new hydrogen infrastructure.

about 2 years ago
Illustration; Source: Deutsche Energy Terminal (DET)
Market Outlooks

Vigilance advised but mild winter serves to lessen concerns over gas supply in Germany

FNB Gas has confirmed the easing of gas supply woes in the winter of 2023/2024 due to mild temperatures and diversification of import routes.

about 2 years ago
NSTA plans to introduce 'user pays' carbon storage levy once market is self-sustainable
Market Outlooks

‘User pays’ carbon storage levy to be introduced in UK once market is self-sustainable

The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future, once the carbon capture and storage (CCS) industry begins operating on a more self-sustaining basis. The NSTA ran a call for evidence between December 4, 2023, and

about 2 years ago
Minesto has completed dragon 12
Market Outlooks

Minesto CEO: Dragon tidal energy technology ready for farm and microgrid deployment

Minesto’s CEO declared commercial readiness for Dragon Class, saying that they are ready for commercial deployment at the right performance levels. The existing offer is provided with a combination of wing size, power take-off (PTO), and tether length.

about 2 years ago
Illustration; Courtesy of Shell
Market Outlooks

Shell takes stock of its net zero journey fueled by $5.6 billion investment in 2023

Shell has funneled $5.6 billion into its energy transition agenda last year while continuing to bankroll oil and gas projects.

about 2 years ago
Safe Concordia; Source: Prosafe
Market Outlooks

Prosafe’s fleet utilization rate rebounds from last year’s drop in activity

Norway’s Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during 1Q 2024.

about 2 years ago