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Market Outlooks

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago

Market Outlooks

Maersk Growth invests in green methanol

Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has revealed an investment in Berlin-based startup C1 Green Chemicals AG which specializes in the production of green methanol. The company has developed innovative technology enabling the mass production of green methanol without

about 3 years ago

Market Outlooks

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago

Market Outlooks

Shell unveils five energy sector trends to watch in 2023

Shell lists five trends in its energy outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon.

about 3 years ago

Market Outlooks

Provaris, Norwegian Hydrogen ally on green hydrogen development in Nordics

Australian Provaris Energy has signed a Memorandum of Understanding (MoU) with Norwegian Hydrogen AS, a developer of hydrogen production hubs and value chains, to collaborate on the development of green hydrogen value chain projects in the Nordics, Europe. The scope of the MoU will focus on the deve

about 3 years ago

Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition

Market Outlooks

Capricorn’s NewMed merger plan runs up against strong shareholder opposition

Certain shareholders have voiced concerns over Capricorn’s proposed merger with Israel’s NewMed, seeing it as “profoundly unfavourable.”

about 3 years ago

The representatives of the core members of POS (Courtesy of TNO)

Market Outlooks

Dutch launch platform to champion offshore solar benefits

TNO, short for Netherlands Organization for Applied Scientific Research, has launched a platform that brings together core group of Dutch companies whose ambition is to accelerate development and rollout of offshore solar power.

about 3 years ago

Market Outlooks

Maersk expands executive team as Clerc takes over the reins

Danish container shipping major Maersk has appointed a new executive leadership team as the company kick-starts the year under the helm of Vincent Clerc as CEO. As we reported earlier, Clerc took over the reins at A.P. Moller – Maersk on January 1, 2023, following the retirement of his predecessor S

about 3 years ago

Market Outlooks

Frontline pulls the plug on the highly anticipated $4.2 bln merger with Euronav

Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $

about 3 years ago

Market Outlooks

Bloom Energy to expand its footprint into Portugal and Spain

Bloom Energy, a US-based green energy company, has partnered up with Telam Partners, a senior advisory firm specialised in the financing and market entry of energy, infrastructure, and technology projects, to expand its services, which include electrolyzers and hydrogen, into Spain and Portugal. Acc

about 3 years ago

Mocean Energy's Blue X wave device being coupled with Verlume's Halo battery storage unit (Courtesy of Mocean Energy)

Market Outlooks

Partners get ready to demonstrate ‘renewables for subsea power’ solution

The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland.

about 3 years ago

Illustration/Orbital Marine Power's 2MW tidal energy deployed offshore Scotland (Courtesy of Orbital Marine Power)

Market Outlooks

UK’s environmental committee calls for more tidal energy to ensure long-term energy security

In its latest report, the Environmental Audit Committee of the United Kingdom has called for a greater strategic focus on tidal energy, highlighting its potential to contribute to the UK’s energy security in the long term.

about 3 years ago

Market Outlooks

Norway to keep boosting Europe’s energy security with high gas exports in 2023

Norway’s government expects to maintain higher output on the NCS to supply Europe with high gas exports, bolstering its energy security.

about 3 years ago

Market Outlooks

MOL CEO: We will transport LNG from Russia as long as we can

Japanese shipping heavyweight Mitsui O.S.K. Lines plans to resume energy transport business, mainly of LNG, from Russia as long as possible, the company’s President & CEO Takeshi Hashimoto said in a New Year’s address. “Disruptions in supply chains, soaring energy and grain prices, global inflation,

about 3 years ago