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UK regulator’s supply chain report sparks optimism with deals worth around $6.3 billion in the pipeline

Market Outlooks

UK regulator’s report signals bright outlook for supply chain with $6.3 bln of work in the pipeline

The UK regulator has revealed a report, which highlights a positive outlook for the supply chain with around $6.3 bln of work in the works.

about 4 years ago

The official inauguration of the 3MWp floating solar plant in Germany (Courtesy of Quarzwerke)

Market Outlooks

Germany’s largest subsidy-free floating solar plant comes online

Currently the largest subsidy-free floating solar project in Germany, the 3MWp power plant on the Silbersee III lake has been officially inaugurated and put into operation.

about 4 years ago

Minesto's Dragon 4 tidal energy device (Screenshot/Video by Minesto)

Market Outlooks

Minesto flies first Dragon Class tidal energy kite in Faroe Islands

Swedish marine energy company Minesto has successfully completed the first week of commissioning of its new Dragon 4 tidal power plant in Vestmanna, Faroe Islands.

about 4 years ago

Europe’s bold new energy plan and cost estimates could fail to live up to the hype, Rystad says

Market Outlooks

Europe’s bold new energy plan will need wartime-like planning to meet goals, Rystad says

Rystad Energy forecasts that the EU’s energy plan and its budget may fall short of objectives, as a further ramp-up of investments is needed.

about 4 years ago

Shell, RWE & co move forward with German OW-to-H2 project

Market Outlooks

RWE: New delegated act puts shackles on green hydrogen

There should be no limiting criteria for the producers and buyers of green hydrogen on the use of electricity to produce it, RWE said in a comment on a proposed delegated act in the EU which would permit only electricity from newly built, unsubsidised wind and solar energy farms to generate green hy

about 4 years ago

More acreage for Polish player off Norway boosts its strategy for ‘diversification of gas supplies’

Market Outlooks

Following plans to scale up gas production, Polish player secures more Norwegian acreage

PGNiG has inked a deal with Wellesley Petroleum to expand its footprint offshore Norway by acquiring a stake in an Aker BP-operated field.

about 4 years ago

UK to rake in over $9.6 billion in tax this year from oil & gas operators

Market Outlooks

UK to get over $9.7 billion in tax this year from oil & gas operators, trade body says

UK oil & gas operators are expected to pay over $9.6 billion in taxes in 2021, which represents a 20-fold increase worth $346 per household.

about 4 years ago

Kevin Rebenius presenting before the Swedish Parliament (Courtesy of CorPower Ocean)

Market Outlooks

CorPower Ocean goes before Swedish Parliament to spotlight wave power benefits

CorPower Ocean has spoken at the Swedish Parliament to build awareness of the future potential of wave energy amongst the nation’s policy makers.

about 4 years ago

Illustration/CorPower’s C3 wave energy device (Courtesy of CorPower Ocean/Photo by Colin Keldie)

Market Outlooks

Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables

Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.

about 4 years ago

Illustration/Offshore wind farm collocated with wave energy farm (Courtesy of CorPower Ocean

Market Outlooks

Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar

The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.

about 4 years ago

Inna Braverman with Antonio Zaforteza (Courtesy of Eco Wave Power)

Market Outlooks

Eco Wave Power outlines implementation plan for wave power plant in Spain

Eco Wave Power and its project partner OCIBAR have agreed terms for the detailed feasibility study and project licensing for the 2MW wave energy plant in Port Adriano.

about 4 years ago

Offshore rig utilisation rate higher than reported as market continues to tighten, Westwood says

Market Outlooks

Offshore rig utilisation rate even higher than reported as market continues to tighten, Westwood says

Westwood has revealed that the offshore rig utilisation is expected to continue its upward traction and spur a further rise in day rates.

about 4 years ago

Sihwa Tidal Power Plant (Screenshot/Source: YouTube)

Market Outlooks

Liverpool officials look to Far East for tidal barrage ideas

Representatives of the Liverpool City Region Combined Authority (LCRCA) have embarked on a mission to South Korea, during which they will visit the Sihwa Tidal Power Plant near Seoul, the world’s largest tidal power plant in the world.

about 4 years ago

Market Outlooks

NAPA: Future green ships to be made of data just as much as steel

The sustainable ship of the future will be made of data just as much as of steel, Mikko Kousa, CEO of Finnish maritime software company NAPA, said in an interview with Offshore Energy.

about 4 years ago