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Market Outlooks

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Site visit to EWP-EDF One wave energy project in Israel (Courtesy of Eco Wave Power)
Market Outlooks

Eco Wave Power showcases wave power progress to Portuguese ambassador

Swedish-Israeli company Eco Wave Power has welcomed the ambassador of Portugal to Israel Jorge Cabral on a site visit to the EWP-EDF One wave energy project being developed in Israel.

about 4 years ago
DNV - Energy Insights
Market Outlooks

Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV

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Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.

about 4 years ago
Noble Bob Douglas drillship
Market Outlooks

Noble counts on meaningful growth ahead as rigs secure more work

Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.

about 4 years ago
Euronav
Market Outlooks

Ship demolition: 301 tankers sold for scrap in 2021

2021 saw 704 vessels sold for scrap overall, with a combined deadweight tonnage of 26.4 million and a total scrap value of $2.7 billion, a report released by VesselsValue shows.

about 4 years ago
ExxonMobil last year used the Noble Tom Madden drillship for drilling off Guyana
Market Outlooks

Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood

Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.

about 4 years ago
oil & gas
Market Outlooks

Driven by gas and LNG, global oil & gas investments set to rise in 2022, Rystad says

Global oil & gas investments will expand by $26 bln this year as the industry continues its recovery from the pandemic, Rystad Energy says.

about 4 years ago
Hywind Tampen, a floating wind power project intended to provide electricity for the Snorre and Gullfaks offshore field operations in the North Sea - energy transition
Market Outlooks

Top energy transition trends to watch in 2022, as seen by Westwood

Westwood Energy and its energy transition team gave us their views on the main trends that oil and gas firms should watch in 2022.

about 4 years ago
Liza Destiny FPSO - ExxonMobil
Market Outlooks

After 2021 rebound, FPSO market to continue going strong in 2022, Rystad says

The market for FPSO units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, Rystad Energy says.

about 4 years ago
Middle East
Market Outlooks

Middle East facing uphill battle to meet net-zero, S&P Global Platts says

S&P Global Platts Analytics expects the Middle East to struggle to reach net-zero targets as emissions from oil & gas are expected to rise.

about 4 years ago
Carbon capture & sequestration market to reach $7 billion by 2028 bolstered by increased investments in carbon removal, Fortune Business Insight says
Market Outlooks

CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says

Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.

about 4 years ago
Valaris 8505
Market Outlooks

Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says

An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.

about 4 years ago
DNV CEO, Remi Eriksen
Market Outlooks

DNV expects oil & gas capex to shrink and offshore wind growth to trigger race for ocean space

An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2

about 4 years ago
ADNOC looking into LNG bunkering in UAE
Market Outlooks

ADNOC looks into LNG bunkering in UAE

United Arab Emirates-based oil company Abu Dhabi National Oil Company (ADNOC) is studying options for LNG bunkering operations to serve its new LNG-fueled vessels.

about 4 years ago
ICS urges WTO to prioritise maritime transport in multilateral trade talks
Market Outlooks

ICS urges WTO to prioritise maritime transport in multilateral trade talks

Ahead of the upcoming World Trade Organisation (WTO) meetings, the International Chamber of Shipping (ICS) has called for maritime transport to be prioritised in multilateral trade negotiations.

about 4 years ago