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Market Outlooks

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Shipping emissions can drop over 95% by 2050 with policy support, report says
Market Outlooks

Shipping emissions can drop over 95% by 2050 with policy support, report says

International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,

about 1 year ago
Barnacle biofouling
Market Outlooks

Barnacle biofouling can hurt decarbonization efforts of global shipping fleet, new study shows

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High levels of barnacle biofouling on underwater hulls across the global shipping fleet can significantly drag down decarbonization efforts and increase fuel costs, a new study found.

about 1 year ago
Next decade pivotal for defining role of nuclear power in maritime industry, study says
Market Outlooks

Next decade pivotal for defining role of nuclear power in maritime industry, study says

The next decade will be crucial for determining the role of nuclear power in the maritime industry. While holding the potential to significantly contribute to the decarbonization of shipping and port operations, nuclear power still needs a comprehensive and secure framework to be implemented, accord

about 1 year ago
Study confirms ‘great potential’ for future Germany-UK subsea hydrogen pipeline
Market Outlooks

Study confirms ‘great potential’ for future Germany-UK subsea hydrogen pipeline

The UK Department for Energy Security and Net Zero (DESNZ) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) have presented the results of the joint feasibility study on the potential pipeline-based hydrogen trade between the UK and Germany.

about 1 year ago
South Korea
Market Outlooks

South Korea–Europe green shipping corridor promises 70% CO₂ cut

The proposed South Korea–Europe Green Shipping Corridor (GSC) could cut carbon emissions by over 70% along key trade routes between Pyeongtaek Port and major European automotive hubs, a new report found.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Market Outlooks

Vår Energi starts the year strong, setting course for ‘transformational growth’ in 2025

Norway’s oil and gas player Vår Energi has published the interim report for the first quarter of 2025, disclosing what it says are strong results in line with expectations.

about 1 year ago
Hinicio advocates for port-led hydrogen growth in Latin America and the Caribbean
Market Outlooks

Hinicio advocates for port-led hydrogen growth in Latin America and the Caribbean

Hinicio, a Belgium-based consulting firm specializing in hydrogen and its derivatives, has outlined a series of recommendations aimed at supporting ports in Latin America and the Caribbean to play a central role in climate action and in advancing the hydrogen economy across the region.

about 1 year ago
Cross-border CO2 storage customer booked for Denmark's Project Greensand
Market Outlooks

Cross-border CO2 storage customer booked for Denmark’s Project Greensand

INEOS, on behalf of Project Greensand, has signed a cross-border agreement with Öresundskraft Kraft & Värme to explore the storage of CO2 from Sweden at the Greensand offshore storage facility in the Danish North Sea, starting from 2028. The agreement will see the partners explore the storage of up

about 1 year ago
Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?
Market Outlooks

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago
Illustration; Source: Rystad Energy
Market Outlooks

Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays.

about 1 year ago
Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds
Market Outlooks

Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds

The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030.

about 1 year ago
Illustration; Source: Novatek
Market Outlooks

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago
UK and Australia forge alliance to drive subsea growth in both hemispheres
Market Outlooks

UK and Australia forge alliance to drive subsea growth in both hemispheres

UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and gr

about 1 year ago
Fincantieri
Market Outlooks

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050.

about 1 year ago