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Market Outlooks

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MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

SIMEC Atlantis seeks more time to repay Abundance Investment debentures

SIMEC Atlantis Energy has entered into discussions with Abundance Investment to extend the timing for the repayment of the €5.9 million debenture issued to the company in 2017.

about 4 years ago
Lesley Griffiths during visit to M-SParc (Courtesy of Welsh Government)
Market Outlooks

M-SParc to manage offshore energy supply chain cluster in North Wales

Wales’ first science park for innovation Menai Science Park (M-SParc) has been chosen as the accountable body for the Offshore Energy Alliance – a supply chain cluster established to take advantage of the opportunities offered by offshore energy in North Wales.

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about 4 years ago
Maersk Innovator - Maersk/Noble merger - Uk North Sea
Market Outlooks

UK regulator draws attention to competition concerns in Noble-Maersk merger

The UK’s competition regulator has found that the merger of Noble Corp. and Maersk Drilling could increase operating costs for oil and gas producers in the UK North Sea.

about 4 years ago
MSC Cruises
Market Outlooks

MSC Cruises presses ahead with net-zero target

As part of its journey towards net-zero emissions by 2050, the cruise division of Swiss MSC Group will have shore power connections in two Northern European ports this summer.

about 4 years ago
TMR: LNG bunkering market to rise at CAGR of 63.6% during next decade
Market Outlooks

TMR: LNG bunkering market to rise during next decade

Transparency Market Research (TMR) sees the global LNG bunkering market rising at CAGR of 63.6 per cent in the period between 2021 and 2031.

about 4 years ago
Tyra field in the North Sea - Denmark
Market Outlooks

Denmark to harvest full potential of North Sea to ensure independence from Russian fossil fuels

Denmark has decided to speed up its renewable energy production and temporarily boost its gas output from the North Sea fields.

about 4 years ago
Plethora of awards for Solstad as market recovery leads to increased demand
Market Outlooks

Plethora of new awards for Solstad vessels amid strong demand from oil & gas

Solstad has secured multiple new deals for its PSVs and AHTS vessels thanks to the increased activity in the oil & gas and renewable sectors.

about 4 years ago
The W2E’s vertical axis tidal turbine in the water (Courtesy of ENCORE Project)
Market Outlooks

Water2Energy makes tidal turbine testing optimizations in Netherlands

Dutch-based company Water2Energy (W2E) has optimized the test setup at the sluice gate in the Port of Flushing to increase the yield of its next-generation tidal energy turbine under trials at the site.

about 4 years ago
Illustration/Sunlit Sea’s floating solar panel (Courtesy of Sunlit Sea)
Market Outlooks

Sunlit Sea targets fully automated floating solar panels production

Norwegian company Sunlit Sea is ramping up the production capacity for its floating solar technology by transitioning from manual to automatic production at its facilities.

about 4 years ago
IEA - Gas market report
Market Outlooks

Global gas demand to go down in 2022 as Russia’s war in Ukraine disrupts markets

The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.

about 4 years ago
LNG
Market Outlooks

Germany to spend billions on floating LNG terminals

Germany’s government has allocated about €2.5 billion ($2.7 billion) for four floating liquefied natural gas (LNG) terminals around the country.

about 4 years ago
Illustration/Sierra Brava, the first grid-connected floating solar plant in Spain built by Acciona (Courtesy of Acciona)
Market Outlooks

Spain sets forth regulations for floating solar installations to bolster energy security

Responding to the energy crisis instigated by the war in Ukraine, the Government of Spain has outlined a set of regulations for the installation of floating solar power plants on around a hundred state-owned hydropower reservoirs.

about 4 years ago
Neptun
Market Outlooks

Meyer, Fassmer take over Neptun Ship Design to jointly offer solutions for sustainable shipping

German shipbuilder Meyer Group and its counterpart Fassmer have decided to jointly acquire compatriot ship design company Neptun Ship Design.

about 4 years ago
Jordi Serret, head of Innosea's Spanish office (Courtesy of Innosea)
Market Outlooks

Marine renewables specialist Innosea sets up shop in Spain

Innosea, the international engineering, design and R&D consultancy within marine renewable energy sector, has expanded its European presence to the Spanish market.

about 4 years ago