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Market Outlooks

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Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows
Market Outlooks

Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows

Freeport East, one of eight new Freeports in England covering an area within roughly 45 kilometers of the ports of Felixstowe and Harwich, holds the potential to become a key player in the development of hydrogen-enabled green shipping corridors as well as decarbonization of transport, a new study s

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

Coming to grips with a mixed bag of energy transition expectations

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As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read
MOL
Market Outlooks

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

about 3 years ago
Ammonia
Market Outlooks

Next on the horizon: A naming ceremony for an ammonia-powered ship?

Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying

about 3 years ago
The installation of EEL Energy’s tidal turbine in Rhône river (Courtesy of EEL Energy)
Market Outlooks

French tidal energy company eyes up to €2M of fresh funding

French company EEL Energy is looking to raise up to €2 million in new funding to help advance its tidal energy technology and projects.

about 3 years ago
SCZONE, Dutch officials pen cooperation deal to boost green fuel investments
Market Outlooks

SCZONE, Dutch officials pen cooperation deal to boost green fuel investments

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), and the Dutch consortium and Rotterdam City have signed a cooperation protocol that aims to attract investments in establishing green hydrogen production plants and facilities. The parties signed the deal during El-Dien’s meeti

about 3 years ago
CF Industries and POSCO sizing up U.S.-based clean ammonia production with offtake into South Korea
Market Outlooks

CF Industries and POSCO sizing up U.S.-based clean ammonia production with offtake into South Korea

U.S. ammonia producer CF Industries Holdings and South Korea’s steelmaking and energy trading company POSCO Holdings have announced that they are evaluating a joint venture to construct a low-carbon clean ammonia plant at CF Industries’ Blue Point Complex in Ascension Parish, Louisiana, U.S., along

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

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 3 years ago
21 carbon storage licenses awarded in UK’s landmark licensing round
Market Outlooks

21 carbon storage licenses awarded in UK’s landmark licensing round

A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 3 years ago
PtX production of green fuels is possible on Bornholm, EU-funded study says
Market Outlooks

PtX production of green fuels is possible on Bornholm, EU-funded study says

An EU-supported feasibility study, led by Port of Roenne and a number of local and national actors, including the Regional Municipality of Bornholm, Ramboll, Topsøe, Ørsted, BEOF and DTU, has revealed that there is a basis for producing green fuels on Bornholm, Denmark. The results came after a year

about 3 years ago
Illustration/Offshore energy crew preparing to install MeyGen tidal energy turbine off Scotland (Courtesy of SIMEC Atlantis)
Market Outlooks

UK: Offshore energy jobs could double by 2030 if successful transition from fossils to renewables is achieved

A new report by Robert Gordon University has found that the UK offshore energy workforce can increase by up to 50% from over 150,000 in 2023 to 225,000 by the end of the decade with new renewable jobs outnumbering oil and gas roles if a successful transition is achieved.

about 3 years ago
Maersk
Market Outlooks

Laura Maersk is born: Ursula von der Leyen christens world’s 1st green containership

The world’s first containership powered by green methanol has officially been named in the picturesque city of Copenhagen, Denmark by the President of the European Commission Ursula von der Leyen. “I name you Laura Maersk! As you sail the waters of the world, may your journeys be smooth and your tas

about 3 years ago
OCI Global eyes increase in green methanol production capacity in U.S.
Market Outlooks

OCI Global eyes increase in green methanol production capacity in U.S.

Dutch producer and distributor of hydrogen-based products OCI Global has revealed plans to double its green methanol production capacity to approximately 400,000 metric tons per year in response to the growing demand for green methanol from numerous high-emissions industries, including shipping. Acc

about 3 years ago
Fure Vinga
Market Outlooks

Furetank, Algoma sign up for two more Vinga ships

Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten

about 3 years ago