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Market Outlooks - Offshore Energy

Market Outlooks

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Market Outlooks

WoodMac: Green hydrogen is key to net-zero future

Energy intelligence group Wood Mackenzie sees green hydrogen as a key driver for net-zero economies and decarbonising global energy systems.

about 4 years ago

Market Outlooks

Hapag-Lloyd reports $12.8 billion operating profit amid strong demand

German container shipping company Hapag-Lloyd reported an “extraordinary” strong operating result in 2021, driven by high freight rates.

about 4 years ago

Photo showing HelioRec's floating solar unit (Courtesy of HelioRec)

Market Outlooks

Yield identified as key cost reduction driver for HelioRec floating solar tech

Under the auspices of the Marine Energy Alliance (MEA) project, a French start-up HelioRec worked together with Irish techno-financial analysis provider Exceedence on the assessment of levelized cost of energy (LCOE) and key cost drivers for the company’s floating solar technology.

about 4 years ago

Market Outlooks

CMA CGM takes majority stake in Colis Privé

French shipping and logistics major CMA CGM Group has entered into a preliminary agreement to acquire a 51% stake in the Colis Privé Group, a compatriot specialist in home and relay parcel delivery.

about 4 years ago

Deirdre Michie will now become CEO of Offshore Energies UK

Market Outlooks

UK oil & gas trade body changing name to reflect drive towards net-zero future

Oil & Gas UK (OGUK) is expanding to include the low-carbon offshore energy technologies like offshore wind, hydrogen, and CCS.

about 4 years ago

Market Outlooks

Odfjell Drilling mulls splitting into two groups to think beyond core services

Odfjell Drilling is contemplating spinning off its Well Services and Energy segments into a newly established company and list it on Oslo.

about 4 years ago

Illustration/SIMEC Atlantis' AR1500 turbine (Courtesy of SIMEC Atlantis Energy)

Market Outlooks

SIMEC Atlantis’ novel pitch system advance leads to greater tidal turbine capacity

SIMEC Atlantis Energy, together with its partner Asturfeito, has developed a new pitch system that enables the rotor diameter and rated capacity of tidal energy turbines to increase.

about 4 years ago

Market Outlooks

ZIM, 2M go separate ways on transpacific route

Israeli shipping company ZIM Integrated Shipping Services has decided to end the cooperation with the 2M alliance members Maersk and Mediterranean Shipping Company (MSC) on key transpacific trades.

about 4 years ago

Illustration/Initial mobile test vessel concept (Courtesy of IDOM)

Market Outlooks

U.S. DOE puts form and function of tidal power test vessel up for industry input

Multi-national corporation IDOM, in collaboration with U.S. partners, is seeking feedback from tidal energy industry on the optimal design of a mobile test vessel to ensure its capabilities provide best support for the scope of tidal energy turbine testing.

about 4 years ago

offshore rig market analysis by Westwood

Market Outlooks

Offshore rig market improvement in 2021 driven by high EPC spend – Westwood

The latest analysis from Westwood has revealed a y-o-y growth for the global offshore rig market at the close of 2021.

about 4 years ago

Verlume's leadership team (Courtesy of Verlume)

Market Outlooks

EC-OG rebrands to Verlume to better reflect clean-tech ambitions

EC-OG, a UK-based intelligent energy management and storage technologies specialist, has changed its name to Verlume to emphasize its energy transition ambitions.

about 4 years ago

Concept for MPS' combined floating offshore wind and wave energy farm (Courtesy of MPS)

Market Outlooks

MPS lands £3.5M government grant for floating offshore wind and wave energy tech

UK-based company Marine Power Systems (MPS) has been awarded £3.5 million in grant funding from the UK Government to further develop its floating platform technology and wave energy converter.

about 4 years ago

HelioRec's floating solar pilot in the Port of Oostende (Courtesy of HelioRec)

Market Outlooks

HelioRec installs floating solar pilot in Belgian port

French start-up HelioRec has installed a floating solar power plant in the Port of Oostende in Belgium as part of the EU-funded DUAL Ports initiative.

about 4 years ago

Market Outlooks

Ship demolition: 301 tankers sold for scrap in 2021

2021 saw 704 vessels sold for scrap overall, with a combined deadweight tonnage of 26.4 million and a total scrap value of $2.7 billion, a report released by VesselsValue shows.

about 4 years ago