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Market Outlooks

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ports
Market Outlooks

UK port investment surpasses £1B mark in 2021

UK port investment topped £1 billion (around $1.3 billion) in 2021 despite continuing pandemic volatility, new research published by the British Ports Association (BPA) shows.

about 4 years ago
Illustration/Tidal energy array featuring Tocardo tidal turbines (Courtesy of Tocardo)
Market Outlooks

DNV lists all potential benefits of marine energy for Dutch power system

Several parties can benefit from the development and integration of marine energy technologies in the Dutch energy mix, as they may play a role in bulk power generation, balancing of the grid, and the optimization of generation portfolios, according to certification group DNV.

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about 4 years ago
Oceans of Energy’s offshore floating solar system (Courtesy of Oceans of Energy)
Market Outlooks

Dutch investor Meewind joins Oceans of Energy’s floating solar project

Dutch umbrella investment fund Meewind has joined Oceans of Energy’s project as an observer to provide guidance from the side of potential financial investor on mitigating the risks of building and operating an offshore solar installation.

about 4 years ago
Russia’s oil output to rise by 5 per cent in 2022
Market Outlooks

Russia’s oil output to rise by 5 per cent in 2022

Russia’s the oil output expected to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.

about 4 years ago
Boosting production from ageing wells and surging oil & gas discoveries to propel growth in well intervention market, Fortune Business Insights says
Market Outlooks

Boosting production from ageing wells and oil & gas discoveries to propel growth in well intervention market

Fortune Business Insights expects global well intervention market growth to be driven by initiatives to boost production from ageing wells and oil and gas discoveries.

about 4 years ago
Carbon capture & sequestration market to reach $7 billion by 2028 bolstered by increased investments in carbon removal, Fortune Business Insight says
Market Outlooks

CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says

Fortune Business Insights expects the CCS market to grow to $7 bln by 2028 aided by rising investments in the energy transition initiatives.

about 4 years ago
West Bollsta rig
Market Outlooks

Odfjell Drilling replaces Seadrill as rig manager for Northern Ocean

Offshore drilling contractor Northern Ocean has reached an agreement with Odfjell Drilling for the management of two of its rigs.

about 4 years ago
Photo showing Fred Gardner (Courtesy of Symphony Wave Power)
Market Outlooks

Wave energy parks with Symphony devices may emerge in North Sea by 2023

Wave energy parks, equipped with Symphony Wave Power devices, could emerge in the North Sea in 2023, according to the company’s founder Fred Gardner.

about 4 years ago
Valaris 8505
Market Outlooks

Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says

An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.

about 4 years ago
Illustration/OpenHydro tidal turbine (Courtesy of Bureau Veritas)
Market Outlooks

Tidal energy could be one of most viable clean power sources of the future, Bureau Veritas suggests

Welcoming the UK government’s plans to invest in tidal energy industry, certification and advisory company Bureau Veritas has suggested that tidal stream electricity has the potential to become one of the most viable and reliable sources of renewable energy in the world.

about 4 years ago
FESCO
Market Outlooks

FESCO to boost container shipping ties with Japan

FESCO Transportation Group, the largest intermodal transport operator in Russia, revealed it will further increase container traffic on the route connecting Japan and Russia.

about 4 years ago
Rotterdam
Market Outlooks

Video: Port of Rotterdam welcomes 15 millionth container for 1st time

The Port of Rotterdam received the 15 millionth TEU container of the year — the first time that a European port has broken this record.

about 4 years ago
UMACK anchors wraps on-land trials ahead of ocean demo (Courtesy of UMACK project)
Market Outlooks

UMACK anchor gets green light for full-scale build-out and ocean demo

A new mooring, anchoring and quick connect solution optimised for marine energy systems, developed as part of the UMACK project, has been validated in on-land trials ahead of ocean demonstration.

about 4 years ago
Maersk
Market Outlooks

Maersk to acquire logistics company in Asia Pacific

Maersk to acquire logistics company in Asia Pacific

about 4 years ago