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Market Outlooks

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IEA Executive Director Fatih Birol at the 2022 IEA Ministerial Meeting
Market Outlooks

IEA states to release emergency oil reserves for the second time this year

The International Energy Agency’s (IEA) 31 members agreed to a new release of oil from emergency reserves in response to the market turmoil.

about 4 years ago
Klaipeda LNG ; Lithuania independent from Russian gas
Market Outlooks

Lithuania now independent from Russian gas

As of the beginning of April, Lithuania has completely abandoned Russian gas, satisfying all its gas demand through the Klaipeda LNG terminal.

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about 4 years ago
U.S. President, Joe Biden - The White House
Market Outlooks

Biden orders ‘the largest release of oil reserves in American history’ to lower prices

U.S. President Joe Biden announced plans for what is said to be the largest release from the strategic petroleum reserves in American history.

about 4 years ago
Rovco spin-off raises $20M for globalization and expansion plans
Market Outlooks

Rovco spin-off raises $20M for globalization and expansion plans

Vaarst, tech spin-off of subsea player Rovco, has raised $20 million in investments to fund its global expansion plans and drive next-generation technology adoption in marine industries. The investment is the first in the company’s Series B round and will be used for the expansion of its pioneering

about 4 years ago
MeyGen tidal energy turbine (Courtesy of SIMEC Atlantis)
Market Outlooks

SIMEC Atlantis lands close to €3 million for MeyGen turbines redeployment

SIMEC Atlantis Energy has secured a non-convertible loan of €2.95 million from Scottish Enterprise for the redeployment of MeyGen turbines.

about 4 years ago
Shell CEO Ben van Beurden
Market Outlooks

Shell appeals against Dutch ruling, highlighting need for balance in addressing climate change and security of supply

Shell believes that the energy transition is more than just reducing carbon emissions, but is a “political balancing act, requiring government-led policies.”

about 4 years ago
TORM
Market Outlooks

TORM commits to 40% CO2 emission cut by 2025

Danish shipping company TORM has set a new goal to achieve a 40 percent CO2 emission reduction by 2025 — five years ahead of the previous goal.

about 4 years ago
Illustration/L to R: Oceans of Solar’s and SolarDuck’s floating solar systems (Courtesy of Oceans of Solar/SolarDuck)
Market Outlooks

Netherlands: Three projects to share €300K to advance offshore floating solar sector

Three project consortia – involving technology developers Oceans of Energy and SolarDuck – have been selected to receive €100,000 each to further advance offshore floating solar industry in the Netherlands.

about 4 years ago
merger
Market Outlooks

UK regulator blocks $5B Cargotec-Konecranes merger

Following a decision by the UK Competition & Markets Authority (CMA) to block the merger between Finnish engineering majors Cargotec and Konecranes, the duo has decided to cancel the planned business combination.

about 4 years ago
Francesco La Camera - IRENA
Market Outlooks

Answers to energy security and climate change concerns lie in energy transition, IRENA says

The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.

about 4 years ago
Aker BP wins govt nod to ramp up gas output from Norwegian Sea field
Market Outlooks

Aker BP gets govt nod to ramp up gas output from Norwegian Sea field

Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.

about 4 years ago
Ursula von der Leyen, President of European Commission (Courtesy of European Commission)
Market Outlooks

In focus: Europe goes all in to ensure energy security and net-zero future

In the light of Russia’s attack on Ukraine, Europe has intensified efforts on all fronts to ensure its energy security and shift away from global dominance of fossil fuels.

about 4 years ago
Baleària
Market Outlooks

Baleària exploring green hydrogen, biomethane as part of 2050 target

Spanish ferry operator Baleària has reiterated its commitment to cleaner energies as it aims to become carbon neutral by 2050.

about 4 years ago
EC President Ursula von der Leyen and U.S. President Joe Biden - energy security
Market Outlooks

U.S. and EU seal the deal for LNG supply as Europe seeks to cut Russian energy ties

The U.S. will supply 15 bcm of LNG to the EU this year to strengthen European energy security and reduce reliance on Russian energy.

about 4 years ago