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Market Outlooks

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Illustration; Source: DNV
Market Outlooks

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
Illustration/Sabella’s D10 tidal turbine (Courtesy of Sabella)
Market Outlooks

OEE: Europe’s industrial leadership in ocean energy increasingly at risk

Weakening competitiveness in ocean energy is a warning sign for Europe’s global cleantech ambitions as its industrial leadership in ocean energy becomes increasingly at risk, warns Ocean Energy Europe (OEE) in its latest statistics report for 2022.

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about 3 years ago
Solstad agrees three-year service deal with compatriot Port Vantage
Market Outlooks

With over €300 million in contracts, Solstad reports highest-ever quarterly order intake

Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth q

about 3 years ago
Illustration (Courtesy of TNO)
Market Outlooks

Dutch take aim at lower green hydrogen costs by combining offshore wind and floating solar

A consortium of Dutch companies has launched a government-backed project to explore the synergies between offshore wind, offshore solar and hydrogen production at sea for improved sustainability of North Sea renewable energy projects.

about 3 years ago
Front Prince
Market Outlooks

Frontline posts strongest quarterly results in 14 years, remains bullish on tanker market outlook

Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b

about 3 years ago
Everfuel and Hy24 join hands for hydrogen infrastructure development
Market Outlooks

Everfuel and Hy24 join hands for hydrogen infrastructure development

Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq

about 3 years ago
Sparrows Group
Market Outlooks

New appointment to assist Sparrows in boosting North Sea drilling services offering

Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.

about 3 years ago
Bulker
Market Outlooks

Belships adds three Ultramax newbuilds to its fleet

Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T

about 3 years ago
Noble Innovator jack-up rig; Source: Noble Corporation
Market Outlooks

Offshore drilling scene ‘very promising’ for Noble, as it works on bringing to life ‘leading’ market player

Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.

about 3 years ago
Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)
Market Outlooks

Havkraft forms partnership to bring wave energy to Oman

Norwegian company Havkraft has teamed up with a consultancy Translucidus to develop wave energy projects in Oman.

about 3 years ago
Essar launches EET to drive energy transition in UK and India
Market Outlooks

Essar launches EET to drive energy transition in UK and India

Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon

about 3 years ago
SFC Energy and FC TecNrgy sign hydrogen and methanol agreement
Market Outlooks

SFC Energy and FC TecNrgy sign hydrogen and methanol agreement

SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Market Outlooks

Two SBM Offshore’s FPSOs slated for first oil in 2023

SBM Offshore is working on several FPSO projects and two of these vessels are expected to achieve the first oil this year.

about 3 years ago
Coral-Sul FLNG; Source: Eni
Market Outlooks

Set on diversifying energy sources’ geographic mix, Eni joins peers in posting bumper profits in 2022

After more than doubling its annual profit in 2022, Eni has unveiled a strategic plan forward, putting the diversification of energy sources’ geographic mix at its core.

12 minutes read