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Market Outlooks

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WoodMac: Gas resource holders in LNG vs. ammonia dilemma
Market Outlooks

WoodMac: Gas resource holders in LNG vs. ammonia dilemma

According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an

about 3 years ago
In focus: Transitioning to low-carbon energy future through green hydrogen corridors
Market Outlooks

In focus: Transitioning to low-carbon energy future through green hydrogen corridors

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This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen

about 3 years ago
GSL
Market Outlooks

MPCC builds a greener fleet with acquisition of five eco-design ships

Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating c

about 3 years ago
Vito platform in the U.S. Gulf of Mexico; Credit: Shell
Market Outlooks

Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie

Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.

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

With peak oil demand in sight, is the end of the black gold era really approaching?

The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.

about 3 years ago
Illustration/Concept for SolarDuck’s offshore solar installation in Malaysia (Courtesy of SolarDuck)
Market Outlooks

SolarDuck partners up for 780kW offshore solar project in Malaysia

SolarDuck has signed a letter of intent with subsidiaries of Tenaga Nasional Berhad (TNB), the largest utility in Malyasia, to develop a 780kW offshore floating solar plant off the coast of Tioaman island.

about 3 years ago
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
Market Outlooks

SEA-LNG: LNG has half the lifetime cost of methanol and ammonia

The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme

about 3 years ago
Illustration/Sabella’s tidal turbine (Courtesy of Sabella)
Market Outlooks

Industry calls for final adoption of EU’s Renewable Energy Directive

Large energy consumers, renewable energy producers and other members of the energy industry and its supply chain have in a joint letter urged for the faster final adoption of the revised EU’s Renewable Energy Directive.

about 3 years ago
Illustration; Source: Shell
Market Outlooks

Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025

Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.

about 3 years ago
The signing of strategic agreement for wave energy farms in India (Courtesy of Havkraft/Photo by frequency.no)
Market Outlooks

Norwegian wave energy company sets out to explore large-scale projects in India

Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.

about 3 years ago
Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality
Market Outlooks

Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality

Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of Exceedence)
Market Outlooks

Exceedence announces crowdfunding campaign

Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.

about 3 years ago
Illustration (Courtesy of ORE Catapult)
Market Outlooks

Industry taskforce to develop guide on seabed change effects on offshore renewables

The Offshore Renewable Energy (ORE) Catapult has joined forces with leading offshore wind developers and seabed mobility experts to provide clear guidance on seabed change and how it affects offshore wind and marine energy projects.

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Market Outlooks

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago