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Market Outlooks

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UK safety equipment manufacturer invests millions in new facility to support North Sea oil & gas industry
Market Outlooks

UK firm invests millions in new facility to support North Sea oil & gas industry

Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.

about 4 years ago
Contractors win FEED job for UK’s power station with carbon capture
Market Outlooks

Contractors win FEED job for UK’s power station with carbon capture

Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.

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about 4 years ago
Reach Subsea preparing fleet for ‘strong market development’
Market Outlooks

Reach Subsea preparing fleet for ‘strong market development’

Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J

about 4 years ago
Oil & gas trump low-carbon investment plays in H1 2022, says WoodMac
Market Outlooks

Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac

Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.

about 4 years ago
TAQA keeping all assets in its oil & gas portfolio, bar Dutch assets
Market Outlooks

TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones

Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.

about 4 years ago
TGS makes its first renewable energy venture investment
Market Outlooks

TGS makes its first renewable energy venture investment

Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens

about 4 years ago
Saipem’s board endorses first sustainability plan combining business with ESG factors to reach net-zero by 2050
Market Outlooks

Saipem’s board endorses first sustainability plan with ‘challenging objectives’

Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.

about 4 years ago
Illustration/Sabella’s tidal turbine (Courtesy of Sabella)
Market Outlooks

ITRE takes ‘bold action’ to support innovative renewable energy technologies

The renewable energy sector has called on the EU Member States to support the creation of an installation target for innovative renewable energy in the Renewable Energy Directive.

about 4 years ago
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
Market Outlooks

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

about 4 years ago
WoodMac: Seven giant national oil players have what it takes to keep up output for 40-60 years
Market Outlooks

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years

With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

about 4 years ago
Illustaration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales)
Market Outlooks

Op-ed: Why tidal power matters

Danny Coles, Research Fellow at the University of Plymouth, discusses the importance of tidal energy for the future energy systems and how its predictable nature can compliment other renewable energy sources in the energy mix.

about 4 years ago
Nova Innovation’s tidal energy array concept (Courtesy of Nova Innovation)
Market Outlooks

Nova Innovation hires environmental crew for ‘The Island in the Currents’

Nova Innovation has hired a UK-based engineering and environmental consultancy RSK Group to lead the Environmental Impact Assessment (EIA) work for its Enlli tidal project in North Wales.

about 4 years ago
Ashurst
Market Outlooks

Ashurst, GCMD to jointly boost shipping’s decarbonisation agenda

Singapore-based Global Centre for Maritime Decarbonisation (GCMD) and England-based law firm Ashurst have formalised their partnership by signing a coalition partnership agreement, committing to a long-term collaboration to accelerate the maritime industry’s decarbonisation efforts.

about 4 years ago
Installation of electrolyser for green hydrogen production on Geps Techno’s platform (Courtesy of Lhyfe)
Market Outlooks

Lhyfe installs green hydrogen production solution on Geps Techno’s floating platform

French green hydrogen technology developer Lhyfe has started working on the installation of an electrolyser on Geps Techno’s hybrid renewable energy platform, which will produce green hydrogen from marine renewable energy sources.

about 4 years ago