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Market Outlooks

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Mission Possible
Market Outlooks

Mission Possible maps path to decarbonise carbon-intensive industries

More than 200 industry leaders have endorsed strategies from the Mission Possible Partnership (MPP) to decarbonise some of world’s hardest-to-abate, carbon-intensive industries in this decade.

about 4 years ago
Cygnus field in the UK North Sea
Market Outlooks

UK confirms new oil & gas licensing round and lifts shale ban

The UK government has lifted the moratorium on shale gas production in England and confirmed its support for a new oil and gas licencing round.

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about 4 years ago
Integrated wave energy and subsea storage solution layout (Courtesy of Mocean Energy)
Market Outlooks

Tripartite agreement in place for emerging subsea clean energy market

Baker Hughes, Mocean Energy, and Verlume have signed a triparty memorandum of understanding (MoU) for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.

about 4 years ago
Leviathan
Market Outlooks

Leviathan, German Naval Yards aim to be the powerhouse of EU green ship recycling

Germany-based green ship recycling centre Leviathan will collaborate with local shipyard German Naval Yards on facilitating green and sustainable ship recycling.

about 4 years ago
UMACK anchor ahead of installation in northern Portugal (Courtesy of CorPower Ocean)
Market Outlooks

First commercial-scale UMACK anchor hits seabed off Portugal ahead of wave device installation

CorPower Ocean, Maersk Supply Service and Dieseko have installed the first commercial-scale UMACK anchor to support the HiWave-5 wave energy demonstration project.

about 4 years ago
Illustration (Courtesy of IRENA)
Market Outlooks

IRENA: Greater international collaboration needed to get the world on net-zero track

International Renewable Energy Agency (IRENA) has released a new report, setting out urgent priorities to rapidly make more clean technologies the most affordable options in key sectors.

about 4 years ago
European countries eye stronger energy security with Black Sea interconnector
Market Outlooks

European countries eye stronger energy security with Black Sea interconnector

A feasibility study has been initiated for a new electricity subsea interconnector project that will link the South Caucasus region to the synchronous grid of Continental Europe, with the purpose of strengthening energy security in Europe.

about 4 years ago
CGM CGM Champs Elysees
Market Outlooks

Study: Shipowners opting for LNG risk $850 bln loss in stranded assets by 2030

The world’s rapidly growing fleet of ships that can burn liquefied natural gas (LNG) is at risk of financial losses of $850bn by 2030, according to a new study by UCL Energy Institute researchers. Namely, 65% of the newbuilding deliveries by 2025 is capable of running on LNG as a marine fuel, up fro

about 4 years ago
Rotterdam Port view
Market Outlooks

Top 3 issues on maritime leaders’ agenda

Decarbonization of shipping and new environmental regulations in the next decade combined with geopolitical issues and workforce and skill shortages have emerged as the top three issues dominating maritime leaders’ agendas. These are the findings of the fifth annual Global Maritime Issues Monitor jo

about 4 years ago
Illustration/Sabella's tidal turbine (Courtesy of Ocean Energy Europe)
Market Outlooks

Renewables associations call for removal of Innovation Fund’s ‘administrative barrier’

Ocean Energy Europe, along with 10 other renewable energy industry bodies, has sent a joint letter to European Commission, arguing that the Innovation Fund’s third call must recognize the full decarbonization potential of renewables.

about 4 years ago
Marine industry in dire need of regulations that invite capital into production of green fuels
Market Outlooks

Marine industry in dire need of regulations that invite capital into production of green fuels

The marine industry is moving too slowly in relation to decarbonisation, held back by a lack of regulations that would incentivise a quicker pick-up of synthetic fuels, MAN Energy Solutions’ Chief Sales Officer Wayne Jones has warned. Jones believes that without further action, global shipping might

about 4 years ago
Two contrasting scenarios depict challenges on the road to decarbonisation amid energy crisis
Market Outlooks

Two contrasting scenarios depict challenges to net-zero by 2050 amid energy crisis

A new report outlines challenges for the long-term energy transition outlook as the global energy crisis unfolds.

about 4 years ago
CorPower Ocean's PTO system for C4 wave energy device (Courtesy of CorPower Ocean)
Market Outlooks

CorPower Ocean’s PTO system for C4 wave energy device arrives to Portugal

CorPower Ocean has transported the power take-off (PTO) system for its novel C4 wave energy converter to Portugal, ahead of final integration and ocean deployment.

about 4 years ago
Illustration (Courtesy of European Commission/Photo by Mauro Bottaro)
Market Outlooks

European Parliament backs increased renewable energy target

Members of the European Parliament have adopted a new target for renewable energy, which raises the share of renewables in the EU’s final energy consumption to 45% by 2030, under the revision of the Renewable Energy Directive (RED).

about 4 years ago