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Market Outlooks

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Nine hydrogen valleys to repower Europe
Market Outlooks

Nine hydrogen valleys to repower Europe

The Clean Hydrogen Partnership, a public-private partnership supporting research and innovation activities in hydrogen technologies in Europe under the Horizon Europe Programme, has announced it will invest €105.4 million for funding nine hydrogen valley projects across Europe, following its first c

about 3 years ago
Port of Rotterdam to fuel ships with methanol on a regular basis from summer 2023
Market Outlooks

Port of Rotterdam to fuel ships with methanol on a regular basis from summer 2023

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From the summer of 2023, the Port of Rotterdam, Europe’s top bunkering port, will provide methanol bunkering to sea-going vessels on a regular basis. Last year saw several sea-going ships bunker methanol at the port, the port figures show, resulting in a total of 1,500 tons of methanol sold in 2022.

about 3 years ago
Salus Technical
Market Outlooks

New offshore safety guidance with potential to prevent major oil & gas accidents sees the light of day

Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.

about 3 years ago
GasLog Partners and TotalEnergies sign another charter deal
Market Outlooks

GasLog Partners enters 2023 with time charter agreements for its LNG carriers

Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart

about 3 years ago
Illustration; Source: BP
Market Outlooks

BP delves into global energy trends over next 30 years

BP has unveiled its new energy outlook, highlighting key trends and uncertainties surrounding the energy sector and transition to low-carbon.

about 3 years ago
Oman LNG continues supply deals spree with Turkish BOTAŞ
Market Outlooks

Oman LNG continues supply deals spree with Turkish BOTAŞ

Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG

about 3 years ago
Researchers from Newcastle University and the University of Edinburgh discussing how to adapt the buoy for deployment in the North Sea (Courtesy of DER-IC)
Market Outlooks

Newcastle University outlines plans for North Sea wave energy demo

Newcastle University has set sights on turning wave motion into a source of renewable energy with the latest project that will see the installation of a wave energy device prototype in the North Sea.

about 3 years ago
Maersk
Market Outlooks

Maersk to integrate Hamburg Süd and Sealand brands

Danish container shipping heavyweight Maersk plans to unify its structure by integrating its brands such as Hamburg Süd and Sealand, among others. The company explained the decision saying that the aim was to bring more ‘ease, agility and resilience’ to the supply chain. Maersk plans to conduct an i

about 3 years ago
Euronav
Market Outlooks

Euronav presses ahead with arbitration against Frontline

Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated

about 3 years ago
2023 to be a busy year for offshore rigs, pushing utilisation and day rates up, says Westwood
Market Outlooks

Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates

Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.

about 3 years ago
CorPower Ocean's wave energy farm (Courtesy of CorPower Ocean)
Market Outlooks

EVOLVE spotlights value of ocean energy for future energy mix, uncovering 70GB of viable resources in three European countries

Official results from the pan-European EVOLVE project involving world-leading academics, research institutions and technology developers have been released, providing a firm evidence base supporting the acceleration of ocean energy in Europe’s future energy system.

about 3 years ago
Storage of natural gas and hydrogen ‘fundamental’ to tackling energy crisis and decarbonisation
Market Outlooks

Natural gas and hydrogen storage ‘fundamental’ to tackling energy crisis and decarbonisation

Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.

about 3 years ago
shipping/Marine insurers
Market Outlooks

Landmark report shows marine insurers’ portfolios not measuring up to IMO, Paris targets

A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la

about 3 years ago
New research spotlights opportunities for UK’s offshore energy supply chain
Market Outlooks

New research spotlights opportunities for UK’s offshore energy supply chain

Seven near-term projects in the UK are set to require 30 new wells and 194 kilometers of pipeline, with vessel and rig owners to be especially in demand, according to the research conducted by the North Sea Transition Authority and Global Underwater Hub.

about 3 years ago