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Market Outlooks

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Illustration; Source: Capricorn Energy
Market Outlooks

Capricorn – NewMed merger plans come to naught

UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.

about 3 years ago
Illustration; Source: Rystad Energy
Market Outlooks

Rystad: As decarbonisation kicks into high gear, peak in fossil fuel emissions anticipated by 2025

Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.

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

Spanish water utility sets sights on floating solar

Spain-based water utility Miya has expanded its activities to the renewables sector with the acquisition of a stake in Xfloat, an Israeli floating solar developer.

about 3 years ago
IMO
Market Outlooks

ICS seeks rapid adoption of carbon levy as industry reaffirms 2050 net-zero ambitions

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to meet 2050 net-zero carbon goals. The proposal champions a Fund and Rewar

about 3 years ago
TotalEnergies: Interest in Le Havre FSRU ‘significantly’ exceeds available capacity
Market Outlooks

TotalEnergies: Interest in Le Havre FSRU ‘significantly’ exceeds available capacity

TotalEnergies LNG Services France (TELSF), an affiliate of French energy major TotalEnergies, has concluded the market test launched for floating storage and regasification unit (FSRU) capacity in Le Havre, France. From 16 to 30 January, TELSF ran a non-binding call of interest for LNG import and re

about 3 years ago
Illustration/Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Industry discusses way forward for tidal power with UK’s net zero minister

The representatives of the UK tidal stream industry have met with Graham Stuart, the minister of the newly launched department for energy security and net zero, to discuss the role of tidal energy in the country’s secure and cost-effective transition to net zero.

about 3 years ago
Traxens
Market Outlooks

Interview: How can smart shipping containers make the industry greener?

Cédric Rosemont, newly appointed CEO of Traxens, explains in an interview how smart containers can help shipping become greener.

about 3 years ago
Image credit IWSA
Market Outlooks

IWSA: Momentum continues to grow for wind-installed vessels

The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further

about 3 years ago
Illustration (Courtesy of EMEC/Copyright Alstom/Archive)
Market Outlooks

Tidal stream power could significantly enhance energy security, research finds

Adopting tidal power alongside other forms of renewable energy can significantly enhance energy security and go some way to enabling communities to fulfil their clean energy ambitions, a new study has shown.

about 3 years ago
GlobalData: Hydrogen market to witness growth surge in 2023
Market Outlooks

GlobalData: Hydrogen market to witness growth surge in 2023

Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd

about 3 years ago
EIB joins IH2A, backs hydrogen projects in India
Market Outlooks

EIB joins IH2A, backs hydrogen projects in India

European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi

about 3 years ago
Boluda Towage
Market Outlooks

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
Finland adopts hydrogen resolution
Market Outlooks

Finland adopts hydrogen resolution

Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th

about 3 years ago
Gasunie to realise hydrogen network in German North Sea
Market Outlooks

Gasunie to realise hydrogen network in German North Sea

Dutch gas infrastructure company Gasunie has applied to the European Commission for Project of Common Interest (PCI) status, proceeding with its intentions to develop a hydrogen network in the German part of the North Sea. Gasunie’s application is part of the international Clean Hydrogen for Europe

about 3 years ago