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Market Outlooks - Offshore Energy

Market Outlooks

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Market Outlooks

IMO MEPC77 fails to revise current GHG target for 2050

The International Maritime Organization (IMO) failed to revise the current greenhouse gas (GHG) target for 2050 to speed up the decarbonization of the shipping sector.

about 4 years ago

Market Outlooks

IMO MEPC 77 to test govts’ decarbonisation commitments

This week, 174 governments will meet at the International Maritime Organization (IMO) in London to discuss the pressing carbon emission reduction challenges in the shipping industry.

about 4 years ago

Market Outlooks

Maritime trade growth to slow down in coming years, UNCTAD predicts

Annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades, a new UNCTAD report predicts.

about 4 years ago

Falling costs make new oil cheaper, Rystad

Market Outlooks

Climate policies should focus on demand as falling costs make new oil cheaper to produce, Rystad says

An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.

about 4 years ago

Market Outlooks

Offshore wind cable market to grow six-fold this decade – RenewableUK

The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to th

about 4 years ago

COp26 - Courtesy of Extinction Rebellion

Market Outlooks

COP26 ends with ‘weak and compromised’ line on phasing down fossil fuels

After two weeks of intense negotiations, COP26 closed over the weekend and the final outcome is a document known as the Glasgow Climate Pact.

about 4 years ago

GlobalData: Pakistan to increase LNG regasification capacity through 2025

Market Outlooks

GlobalData: Pakistan to add to LNG regasification capacity through 2025

Pakistan will register significant LNG regasification capacity additions in Asia between 2021 and 2025, according to the analytics company GlobalData.

about 4 years ago

Market Outlooks

In focus: COP26 shows world a glimpse of how it could be

In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies

about 4 years ago

Market Outlooks

R&D investments to shape future of shipping

Shipping industry players have warned that lack of investment in developing green technologies is the biggest threat to achieving decarbonisation targets.

about 4 years ago

Market Outlooks

Aramco accepts climate change challenge and joins net-zero by 2050 race

Aramco has revealed its goal to achieve net-zero for Scope 1 and Scope 2 greenhouse gas (GHG) emissions across its operations by 2050.

about 5 years ago

Photo showing South Korea’s ‘K-OTEC1000’ floating OTEC plant deployed in 2019 (Courtesy of IEA-OES)

Market Outlooks

IEA-OES publishes whitepaper on OTEC for policy makers and developers

Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has released a whitepaper on ocean thermal energy conversion (OTEC) providing an overview of the technology and discussing the importance of its widespread adoption.

about 5 years ago

Market Outlooks

Uniper eyes hydrogen supplies from Middle East

Germany’s energy company Uniper wants to buy hydrogen from Middle East producers in order to achieve carbon-neutrality by 2035 for its European operations.

about 5 years ago

Market Outlooks

In focus: Converting jack-up rigs and combining offshore wind & hydrogen for low-carbon future

This week saw a plethora of energy transition-related news across the offshore energy industry with updates telling of alternative deployments for offshore drilling rigs, new projects combining offshore wind and hydrogen, the urgency to decarbonise the shipping sector, and more.

about 5 years ago

Market Outlooks

CMA CGM, AD Ports to build new terminal at Khalifa Port

French container shipping major CMA CGM and the UAE-based port operator Abu Dhabi Ports (AD Ports) have signed a 35-year concession agreement to develop a new terminal in Abu Dhabi.

about 5 years ago