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Market Outlooks

Sky-high profits for U.S. oil majors Exxon and Chevron

U.S. oil and gas majors Chevron and ExxonMobil both posted record profits for the second quarter of the year.

about 4 years ago

Theo Devaney, director at Tydal Flyer, at LiR NOTF (Courtesy of the Selkie project)

Market Outlooks

Tidal Flyer performs tank tests at LiR NOTF as part of Selkie project

Irish tidal and river energy technology developer Tidal Flyer has tested its system at LiR National Ocean Test facility (NOTF), Ireland’s flagship facility for testing and development of offshore technologies, under the support of the Selkie project.

about 4 years ago

1MW OTEC Riser Installation at Pohang (Photo courtesy of IEA-OES/Photo by KRISO)

Market Outlooks

IES-OES spotlights ocean projects for heating, cooling and power production

The International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has published six interviews on successful projects around the world that take advantage of the temperature of the ocean for heating, cooling and power production.

about 4 years ago

Market Outlooks

Extension of UK’s National HVDC Centre officially opens

The extension of SSEN Transmission’s simulation, testing and training centre for high-voltage direct current (HVDC) systems in Cumbernauld has officially opened. Established in 2017, the National HVDC Centre is the first facility of its kind in the UK and uses innovative technology to test the use o

about 4 years ago

Market Outlooks

ENCORE releases courses to speed up innovation in marine energy

The ENCORE project and its partners have released a number of e-learning courses, designed to train and prepare talent to further advance the marine energy industry.

about 4 years ago

The Slow Mill – 40 deployed in the North Sea (Courtesy of Slow Mill Sustainable Power)

Market Outlooks

First Dutch wave energy device takes the North Sea test

For the first time ever, a Dutch-made wave energy converter has been installed in the coastal waters of the Netherlands by the company Slow Mill Sustainable Power, which plans to use the demonstration to further streamline its wave energy technology.

about 4 years ago

Market Outlooks

Fugro’s revenue strong despite inflationary and supply chain pressures

Fugro has reported a revenue of €833 million for the first half of 2022, an increase of 17.2% compared to the same period last year, driven by growth in all markets, particularly high client demand for renewables services. Utilization of Fugro’s fleet was 67% in the first half-year, versus 69% in th

about 4 years ago

SWEL’s Wave Line Magnet (Courtesy of SWEL)

Market Outlooks

SWEL looks for partners to help commercialize wave energy device

Sea Wave Energy Limited (SWEL) is looking to form strategic alliances to assist it with the final tests on a pilot Waveline Magnet model, and drive forward the commercialization of its wave energy technology.

about 4 years ago

Illustration/Floating wind with wave energy farm based on DualSub concept, developed by Welsh company Marine Power Systems (Courtesy of Marine Power Systems)

Market Outlooks

WES seeks assessment of floating wind and wave energy mix

Wave Energy Scotland (WES) has launched a tender for a study into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects.

about 4 years ago

CorPower Ocean's commercial-scale composite WEC hull (Courtesy of CorPower Ocean)

Market Outlooks

CorPower Ocean delivers commercial-scale composite WEC hull

Swedish company CorPower Ocean has unveiled its first commercial-scale composite hull, which is an integral part of its next generation C4 wave energy devices.

about 4 years ago

WoodMac: What are three cornerstones of future-fit energy super basins?

Market Outlooks

Three key elements of future-fit energy super basins – WoodMac

Wood Mackenzie, an energy intelligence group, spots common threads between the energy super basins of the future.

about 4 years ago

Ocean Harvesting's InfinityWEC (Courtesy of Ocean Harvesting Technologies)

Market Outlooks

Ocean Harvesting files new patent application for wave energy device

Swedish company Ocean Harvesting Technologies has filed a new patent application for an improved wave energy system with standard components.

about 4 years ago

Market Outlooks

Wood Mackenzie outlines scenarios for Europe as stability of Russian gas flows ‘remains uncertain’

The stability of Russian gas flows to Europe remains uncertain, despite the reopening of the Nord Stream 1 pipeline, as further disruptions are expected as winter approaches, Wood Mackenzie stated, outlining two potential scenarios. Nord Stream restarted gas transmission yesterday, 21 July, after a

about 4 years ago

Market Outlooks

Wärtsilä officially exits Russian market

Finnish marine and energy technology group Wärtsilä has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022.

about 4 years ago