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Market Outlooks

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GAZ-SYSTEM puts Gdańsk FSRU 2 on hold as open season procedure ends with insufficient number of binding orders
Market Outlooks

GAZ-SYSTEM puts Gdańsk FSRU 2 on hold as open season procedure ends with insufficient number of binding orders

Poland’s natural gas transmission system operator GAZ-SYSTEM has closed the submission phase for binding offers in its open season FSRU 2 procedure which did not result in a sufficient number of binding orders to proceed with the implementation of the project envisaging installation of the second FS

about 2 years ago
Westwood: Netherlands & Belgium could lead hydrogen imports in NW Europe
Market Outlooks
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Westwood: Netherlands & Belgium could lead hydrogen imports in NW Europe

The latest research by Westwood Global Energy Group, a market research and consultancy firm, has revealed an optimistic outlook for Northwest Europe (NWE) hydrogen imports, led by targets set by the Netherlands and Belgium. According to Westwood, the two countries have a collective potential to prov

about 2 years ago
Germany aims to set up hydrogen core network by 2032
Market Outlooks

Germany aims to set up hydrogen core network by 2032

In a bid to have a country-wide efficient hydrogen infrastructure network by 2032, Germany’s federal cabinet has passed a draft law that provides regulations for financing the core network. At the same time, transmission system operators (TSOs) have submitted the draft application for the hydrogen c

about 2 years ago
Wärtsilä
Market Outlooks

Wärtsilä rolls out industry’s first 4-stroke ammonia engine

Finnish technology group Wärtsilä has introduced the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel.

about 2 years ago
Illustration; Source: TotalEnergies
Market Outlooks

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Market Outlooks

After OTEC and tidal, Shell sets sights on wave energy as well

Danish wave energy company Wavepiston has partnered up with Shell Technology – Marine Renewable Program to identify opportunities and potential avenues for collaboration on ocean energy developments.

about 2 years ago
Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Market Outlooks

Mocean Energy steps up commercialization plans with new funding and investors on board

Scottish wave energy company Mocean Energy has raised €2.5 million in new equity, alongside €572,000 grant to drive the commercialization of its wave energy technologies, bringing Katapult Ocean and MOL Plus as new investors in the business.

about 2 years ago
Prysmian
Market Outlooks

With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.

about 2 years ago
NAVTOR
Market Outlooks

NAVTOR, Voyager Worldwide merge to advance maritime tech industry

NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.

about 3 years ago
Seaports
Market Outlooks

ZDS: German seaports are well-positioned to be carbon management hubs

German seaports believe they are well-positioned to be used as hubs for carbon management as part of the energy transition and a CO2 circular economy. However, they demand ‘a clear commitment’ from the federal government.

about 3 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Market Outlooks

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 3 years ago
Prelude; Source: Shell
Market Outlooks

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
shore power
Market Outlooks

Study: EU must triple or quadruple installed shore power by 2030

The European Union needs to triple or quadruple its installed shore power by 2030 to meet the current ambitions of the FuelEU Maritime regulation and the Alternative Fuels Infrastructure Regulation (AFIR), a new study estimates.

about 3 years ago
Illustration; Source: The International Energy Agency (IEA)
Market Outlooks

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 3 years ago