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Market Outlooks

How is the transition to renewables faring in the midst of a global energy crisis?

Westwood Global Energy has done a deep dive into the impact of the energy crisis on the energy transition to a sustainable, green future.

about 3 years ago

Rolls-Royce AE 2100-A hydrogen test at Boscombe Down (Courtesy of Rolls-Royce)

Market Outlooks

Green hydrogen produced by wind and tidal energy sets new aviation milestone

Green hydrogen produced at the European Marine Energy Centre’s (EMEC’s) hydrogen production and tidal test facility has been used to fuel the ground test of a Rolls-Royce jet engine.

about 3 years ago

More North Sea rigs heading for greener pastures next year, says Westwood

Market Outlooks

More rigs exiting North Sea next year, despite semi-sub activity picking up in 2022, says Westwood

Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.

about 3 years ago

Market Outlooks

Odfjell: Boost in oil & gas investments to ramp up drilling activity as market strengthens

Odfjell Drilling is seeing an increase in demand for offshore rigs with average utilisation of 97.1 per cent for its own fleet.

about 3 years ago

Illustration/QED Naval's Subhub platform (Courtesy of QED Naval)

Market Outlooks

Welsh marine energy test site updates marine license

Marine Energy Test Area (META), Wales’ national marine test center, has upgraded its marine license and will now be able to accommodate more tidal turbines and larger mooring spreads.

about 3 years ago

InfinityWEC design with upgraded PTO (Courtesy of Ocean Harvesting)

Market Outlooks

Swedish company upgrades wave energy system

Ocean Harvesting Technologies has upgraded its InfinityWEC wave energy converter with innovative power take-off (PTO) solution, which is expected to contribute to the reduction of electricity production costs.

about 3 years ago

A conference session at one of the annual Offshore Energy Exhibition & Conference events

Market Outlooks

Industry set to talk floating wind in the Netherlands

Although the Netherlands does not have plans to deploy floating offshore wind turbines in its waters, at least not yet, professionals from the industry are coming together to talk floating wind on 29 November at RAI Amsterdam, where Navingo is organising its annual Offshore Energy Exhibition & Confe

about 3 years ago

Sunlit Sea's new production facility for floating solar tech in Askim (Courtesy of Sunlit Sea)

Market Outlooks

Sunlit Sea moves to larger industrial facility as it looks to expand floating solar team

Norwegian company Sunlit Sea has moved its production facility to new premises as it looks to step up the industrialization of its floating solar technology.

about 3 years ago

Market Outlooks

UK firm sets up dedicated energy transition consultancy

UK engineering and management services provider Penspen has launched its Energy Transition Consultancy which will be dedicated to advising clients on low carbon-related opportunities. Penspen said its energy transition work is built around four pillars of expertise, including building new hydrogen a

about 3 years ago

WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying ops wind down

Market Outlooks

WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying work wraps up

Türkiye has finished laying pipes in the Black Sea as part of its giant Sakarya gas field project development, which is seen as one of the country’s largest energy projects ever built. As a result, the project is on track to achieve the first gas in the first quarter of 2023.

about 3 years ago

Market Outlooks

Shipping sector: EU ETS must adopt life-cycle approach on green fuels

Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter

about 3 years ago

Illustration/InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)

Market Outlooks

Ocean Harvesting scores €2 million grant for wave energy device validation

Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.

about 3 years ago

Illustration/Sabella's D10 tidal energy turbine being deployed in France (Courtesy of Sabella)

Market Outlooks

Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics

Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.

about 3 years ago

Market Outlooks

UK’s oil and gas tax changes to ‘hit industry hard’, OEUK warns

The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU

about 3 years ago