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Market Outlooks

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Meriaura
Market Outlooks

Meriaura owner steps into thermal energy business with Savosolar merger

VG-Shipping Oy, the parent company of Finnish marine logistics company Meriaura Oy, revealed it will become a majority owner of compatriot solar thermal systems provider Savosolar Oyj.

about 4 years ago
L-R: Paul Slorach, Andy Martin, Jonny Moroney, Richard Knox (Courtesy of Verlume)
Market Outlooks

Verlume bolsters leadership team

Verlume, a UK-based intelligent energy management and storage technologies specialist, has strengthened its leadership team with several new appointments.

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about 4 years ago
Carbon capture, utilisation and storage capacity to increase ‘seven-fold’ by 2050 to reach net-zero, says WoodMac
Market Outlooks

WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost

As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.

about 4 years ago
Scrubber
Market Outlooks

Scrubber market to reach $16.4 billion by 2030

The global marine scrubber market is estimated to achieve a market size of $16.38 billion by 2030, according to a new report issued by Acumen Research and Consulting.

about 4 years ago
LNG investments to peak at $42 bln in 2024, Rystad says
Market Outlooks

LNG investments to peak at $42 bln in 2024, Rystad says

According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, which is a 50 per cent jump from current spending.

about 4 years ago
Substantial investment in UK oil & gas needed to ensure energy security
Market Outlooks

Substantial investment in UK oil & gas needed to ensure energy security, says OEUK

Offshore Energies UK (OEUK) warns that more investment is required in oil and gas reserves to maintain production and ensure energy security.

about 4 years ago
Rystad sees hard times ahead for Russia’s upstream sector even though it rebounded strongly
Market Outlooks

Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector

Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”

about 4 years ago
Canada and Germany sign transatlantic hydrogen supply deal
Market Outlooks

Canada and Germany sign transatlantic hydrogen supply deal

During the first official visit by German Chancellor Olaf Scholz to Canada, the two countries signed a hydrogen pact to establish a transatlantic green hydrogen supply chain.

about 4 years ago
Global Maritime Services offers FSRU and LNG marine advisory service
Market Outlooks

Global Maritime Services offers FSRU and LNG marine advisory service

UK-based maritime service provider Global Maritime Services has launched a marine advisory service for floating storage and regasification unit (FSRUs) and liquified natural gas (LNG) sector ventures.

about 4 years ago
Graeme Harrison, HIE; Neil Kermode, EMEC; and Michael Matheson MSP in front of 48 Invinity VS3 modules on site (Courtesy of Invinity Energy Systems/Photo by Colin Keldie)
Market Outlooks

Energy storage system for tidal power-to-hydrogen research project energized in Orkney

Invinity Energy Systems has energized a 1.8MWh VS3 flow battery system at the European Marine Energy Centre (EMEC) hydrogen facility, as part of a tidal power-to-green hydrogen research project.

about 4 years ago
Oil & gas maintenance managers facing equipment and procedure challenges
Market Outlooks

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 4 years ago
Maersk Valiant drillship
Market Outlooks

Utilisation for 7th-gen drillships now close to full capacity, Maersk says

Maersk Drilling believes that the global floater market will continue to benefit from an ongoing recovery.

about 4 years ago
Prosafe
Market Outlooks

Focus on energy transition to spur offshore accommodation demand

Offshore accommodation rig provider Prosafe believes that the focus on energy transition will contribute to further demand.

about 4 years ago
Minesto’s first Dragon Class tidal power plant ‘Dragon 4’ (Courtesy of Minesto)
Market Outlooks

Minesto grows half-year loss

Swedish marine energy company Minesto has recorded a wider net loss for the first six months of 2022, as opposed to the same period a year earlier.

about 4 years ago