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Minesto’s team with Dragon Class tidal energy kite (Courtesy of Minesto)

Market Outlooks

Minesto outlines tidal array build-out plan to bolster energy transition of the Faroe Islands

Swedish marine energy developer Minesto has launched a detailed plan for large-scale build-out of tidal energy arrays in the Faroe Islands that will help bring the island country closer to 100% renewable energy.

about 4 years ago

The 'ocean tribute' award for HelioRec (Courtesy of Messe Düsseldorf)

Market Outlooks

HelioRec collects award for floating solar-powered electric charging stations

French start-up HelioRec has received an ‘ocean tribute’ award for its floating solar-powered solution for electric charging, securing a cash prize provided by the Monaco-based Prince Albert II Foundation and Messe Düsseldorf.

about 4 years ago

Port Adriano in Spain (Courtesy of Eco Wave Power)

Market Outlooks

Eco Wave Power inks deal for 2MW wave power plant in Spain

Swedish-Israeli company Eco Wave Power has signed an agreement with Port Adriano in Spain for the potential construction of a wave energy power plant of up to 2MW.

about 4 years ago

In Focus: Making strides on pathway to sustainable future

Market Outlooks

In focus: Industry making strides on its journey to sustainable future

The current geopolitical crisis has been seen by many as a wake-up call and a nudge the world needed to pivot towards renewables, which are perceived as pillars of a net-zero future. In light of this, the offshore energy industry is putting the wheels into motion to step up decarbonisation as the wo

about 4 years ago

Market Outlooks

Euronav-Frontline merger could reap multiple benefits of energy transition

Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry.

about 4 years ago

Market Outlooks

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago

The Bay du Nord FPSO development concept - Equinor - Canada

Market Outlooks

Canada caught between a rock and a hard place as decision on giant new oil project draws near

The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.

about 4 years ago

Russia’s war on Ukraine will not thwart or hinder Europe’s energy transition, DNV says

Market Outlooks

Russia’s war in Ukraine will not hinder Europe’s energy transition, DNV says

DNV has revealed within its new analysis that the Ukraine crisis will not derail Europe’s energy transition, as it is expected to speed it up.

about 4 years ago

Market Outlooks

Schottel becomes complete system supplier for electrical, green propulsion with new acquisition

German propulsion expert Schottel has decided to acquire a majority stake in elkon, a Turkish specialist for marine electrical system integration.

about 4 years ago

Market Outlooks

Chariot, Port of Rotterdam ink green hydrogen import MOU

Chariot, an Africa-focused transitional energy company, has signed a memorandum of understanding (MoU) with the Dutch Port of Rotterdam International, a global energy hub and Europe’s largest seaport which handles a significant portion of Europe’s total energy demand.

about 4 years ago

SEM-REV test site (Courtesy of Centrale Nantes)

Market Outlooks

French stand ready to kick off SEM-REV 2.0 works

Having played a pivotal role in the advancement of marine renewable energies in France, the SEM-REV test site is ready for infrastructure upgrades to respond to the needs of the growing offshore renewable energy sector.

about 4 years ago

Market Outlooks

Amon Maritime, BSM form ammonia-powered ship management JV

Hamburg-based maritime services company Bernhard Schulte Shipmanagement (BSM) and the Norwegian ammonia specialist Amon Maritime have decided to form a 50/50 joint venture named Ula Ship Management.

about 4 years ago

Illustration/EEL Energy tested its scaled tidal energy prototype at Port of Brest in France in 2018 (Courtesy of Ifremer)

Market Outlooks

EEL Energy set to test commercial-scale biomimetic tidal turbine

French tidal energy company EEL Energy is making final steps before launching its new commercial-scale 50kW tidal energy turbine for trials in the Port of Brest.

about 4 years ago

Aurora multi-use wind and wave offshore platform (Courtesy of the Blue Growth Farm project)

Market Outlooks

Multi-use wind and wave offshore platform ends sea trials

The multi-use wind and wave offshore platform prototype, dubbed Aurora, has been decommissioned after one year of sea trials as part of the EU-backed Blue Growth Farm project.

about 4 years ago