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Market Outlooks

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In focus: Gas still runs the show but bets on hydrogen threaten to steal it
Market Outlooks

In focus: Gas still runs the show but bets on hydrogen threaten to steal it

Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game?

about 3 years ago
Plan for SolarDuck's offshore floating demonstrator in Tokyo Bay (Courtesy of SolarDuck)
Market Outlooks

SolarDuck set to build Japan’s first offshore floating solar demonstrator

Dutch-Norwegian company SolarDuck has been awarded a contract to develop Japan’s first offshore floating solar power generation and automated sailing boat technology demonstrator together with local partners.

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about 3 years ago
Is gas greener than oil in terms of emissions?
Market Outlooks

Is gas greener than oil in terms of emissions?

While pondering whether gas is the green choice to bolster decarbonisation, Wood Mackenzie has been reviewing Scope 1, 2 and 3 emissions.

about 3 years ago
The signing of the agreement between Ordu Enerji and Eco Wave Power (Courtesy of Eco Wave Power)
Market Outlooks

Eco Wave Power signs deal for 77MW wave energy plant in Black Sea

Eco Wave Power has entered into an agreement with OREN Ordu Enerji for the potential construction of an up to 77MW wave energy installation in Ordu in Türkiye.

about 3 years ago
The test tank of the FloWave Ocean Energy Research Facility (Courtesy of FloWave)
Market Outlooks

WES books test facility in search of ‘ideal’ wave and wind hybrid platform

Wave Energy Scotland (WES) has selected FloWave research facility of the University of Edinburgh to conduct tank testing campaigns of potential hybrid platforms which combine wind and wave energy technologies.

about 3 years ago
Illustration/Marmok-A5 wave energy device deployed off Basque coast at BiMEP (Courtesy of EVE)
Market Outlooks

Spain adopts regulatory framework for €200M grant program for marine renewables

The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.

about 3 years ago
DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero goals
Market Outlooks

DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero

DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.

about 3 years ago
Liverpool’s mayor Steve Rotheram (left) with K-water’s vice president Jeong kyeongyun during the signing of the MoA (Courtesy of Liverpool City Region Combined Authority)
Market Outlooks

Liverpool eyes South Korean know-how on tidal range power projects

Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.

about 3 years ago
Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply
Market Outlooks

Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply

Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.

about 3 years ago
Sovcomflot’s Gagarin Prospect
Market Outlooks

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts
Market Outlooks

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago
How will UK's energy windfall tax hike impact oil & gas players?
Market Outlooks

How will UK’s energy windfall tax hike impact oil & gas players?

Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.

about 3 years ago
shipping
Market Outlooks

UK needs £75bn for its shipping sector to transition to zero

Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i

about 3 years ago
£20 bln decom spend in the offing for UK’s oil & gas wells over next decade
Market Outlooks

£20 bln decom spend in the offing for UK’s oil & gas wells over next decade

Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.

about 3 years ago