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Market Outlooks

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Shell CEO, Ben van Beurden
Market Outlooks

Shell ditches Royal Dutch from its name

Shell has officially changed its name to Shell plc, after deciding to simplify its share structure and remove the Royal designation.

about 4 years ago
Photo of Emma Whettall (Courtesy of UHI)
Market Outlooks

UHI researcher finds 33 West Scotland sites fit for small-scale tidal energy schemes

The first of the Scottish-based Bryden Centre students to achieve a PhD, Emma Whettall, has identified 33 sites along Scotland’s west coast suitable for development of small-scale tidal energy generation projects.

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about 4 years ago
Floating mWave can be co-located or integrated with floating wind turbines (Courtesy of Bombora Wave Power)
Market Outlooks

Bombora secures MOL investment to advance wave power technology

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has invested in Bombora Wave Power, cementing their wave energy partnership formed a year ago.

about 4 years ago
HYON
Market Outlooks

HYON raises fresh funds to develop maritime hydrogen bunkering business

HYON AS, a Norway-based provider of zero-emission maritime hydrogen bunkering solutions, has announced the successful completion of a private placement of NOK 50 million ($5.6 million), valuing the company at NOK 130 million.

about 4 years ago
A photo of the Nanpeng Offshore Wind Farm in China
Market Outlooks

Six key offshore wind themes to watch in 2022 – Westwood

The following is a guest post by Westwood Global Energy Group’s Senior Analysts Michelle Gomez, Bahzad Ayoub and Ruth Chen. The offshore wind sector had another record-breaking year in 2021. Some 18.6 GW of capacity was put into operation – the industry’s highest level of annual capacity additions.

about 4 years ago
SGMF covers safe bunkering of LNG guidelines
Market Outlooks

SGMF covers safe LNG bunkering guidelines

UK-based NGO Society for Gas as a Marine Fuel (SGMF) has covered all aspects related to LNG bunkering in its publication with detailed guidelines.

about 4 years ago
ExxonMobil last year used the Noble Tom Madden drillship for drilling off Guyana
Market Outlooks

Frontier exploration drilling in 2021 fell to the lowest level ever recorded by Westwood

Westwood Global Energy has revealed that frontier exploration drilling fell to the lowest level ever recorded by the company.

about 4 years ago
Danaos
Market Outlooks

Danaos charters 11, offloads 2 boxships

Greek shipowner Danaos Corporation has entered into new charter arrangements for eleven of its vessels as well as into an agreement to sell two boxships.

about 4 years ago
NYK
Market Outlooks

NYK, Knutsen form new company for LCO2 transportation

Japanese shipping major NYK and Norway’s Knutsen Group have established a joint venture company for the commercial development of a liquefied CO2 marine transportation and storage business worldwide.

about 4 years ago
MPC Capital
Market Outlooks

MPC Capital orders green methanol-ready boxships

Hamburg-based asset and investment manager MPC Capital, together with partners, has ordered four container vessels at Korean shipyard Hanjin Heavy Industries.

about 4 years ago
Norwegian authorities greenlight Maersk Drilling – Noble merger
Market Outlooks

Two rival players get green light for merger plans

The Norwegian Competition Authority raises no objections to the business combination proposed by Maersk Drilling and Noble Corporation.

about 4 years ago
Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic
Market Outlooks

In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic

Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, l

13 minutes read
Photo showing PEWEC 2.0 wave energy device during tank trials (Courtesy of ENEA)
Market Outlooks

Revamped PEWEC wave device shaping up as ‘the clean power solution’ for small Mediterranean islands

The new and improved version of PEWEC (Pendulum Wave Energy Converter), being developed by Italy’s national agency ENEA and Polytechnic University of Turin, could prove to be an ideal solution for small and medium-sized islands across the Mediterranean as they transition to net-zero future.

about 4 years ago
Rystad Energy forecasts offshore oil production will increase demand for shuttle tankers
Market Outlooks

Driven by robust offshore oil production, demand for shuttle tankers set to rise, Rystad says

Rystad’s analysis shows offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35 per cent in this decade.

about 4 years ago