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Outlook & Strategy

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GlobalData: Hydrogen market to witness growth surge in 2023
Outlook & Strategy

GlobalData: Hydrogen market to witness growth surge in 2023

Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd

about 3 years ago
Boluda Towage
Outlook & Strategy

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

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Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
Electrolyser and green hydrogen markets to grow, says IDTechEx
Outlook & Strategy

Electrolyser and green hydrogen markets to grow, says IDTechEx

Technology company IDTechEx has forecasted that the water electrolyser market will grow to over $120 billion by 2033. In its ‘Green Hydrogen Production: Electrolyser Markets 2023-2033’ report, IDTechEx noted that the plans from the European Union (EU), from the RePowerEU strategy, and the USA, from

about 3 years ago
Masdar and Verbund ally on hydrogen production
Outlook & Strategy

Masdar and Verbund ally on hydrogen production

Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce

about 3 years ago
Oman LNG taps into Chinese market under new supply deal with UNIPEC
Outlook & Strategy

Oman LNG taps into Chinese market under new supply deal with UNIPEC

Oman LNG has signed a binding term-sheet agreement with China International United Petroleum and Chemical Co. (UNIPEC) to supply 1 million metric tonnes per annum (mtpa) of LNG starting in 2025. UNIPEC has become the latest beneficiary of the Omani LNG, marking the first LNG term deal with a Chinese

about 3 years ago
Illustration; Source: Westwood
Outlook & Strategy

Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

about 3 years ago
Central Morecambe platform; Source: Spirit Energy
Outlook & Strategy

In Focus: Dealing with the energy trilemma

A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.

about 3 years ago
Petrojarl Knarr FPSO; Source: Altera Infrastructure
Outlook & Strategy

Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field

Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.

about 3 years ago
Illustration; Source: Echandia
Outlook & Strategy

Jack-up rig deal opens offshore energy sector doors to Swedish player

Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.

about 3 years ago
shipping
Outlook & Strategy

Greenabl Shippers Association: Logistics industry launches green supply chain coalition

The logistics industry is taking a major step towards sustainability with the launch of Greenabl Shippers Association, the first not-for-profit cooperative procurement group committed to decarbonizing the transportation sector. Managed by Bluspark, the association brings together expertise in ocean

about 3 years ago
IDTechEx predicts rapid adoption of green fuel cells in marine markets
Outlook & Strategy

IDTechEx predicts rapid adoption of green fuel cells in marine markets

In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris

about 3 years ago
Following 'very promising 2023', energy services sector anticipated to grow to $1 trillion
Outlook & Strategy

Following ‘very promising 2023’, energy services sector anticipated to grow to $1 trillion

The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b

about 3 years ago
UAE and France to decarbonise HTA industries
Outlook & Strategy

UAE and France to decarbonise HTA industries

The UAE and France have agreed to launch a bilateral programme to develop commercial and investable opportunities to accelerate clean energy development, notably in the decarbonisation of hard-to-abate (HTA) industries, including clean hydrogen solutions for mobility. According to Masdar, (Abu Dhabi

about 3 years ago
Significant emissions and cost savings on the cards for Middle East operator’s rig fleet
Outlook & Strategy

Significant emissions and cost savings on the cards for Middle East operator’s rig fleet

Energy consultancy Xodus has outlined a roadmap for a 60 per cent reduction in total CO2 emissions for a Middle East operator’s fleet of drilling rigs, following a greenhouse gas (GHG) emissions baseline and energy efficiency review. Xodus reported it had identified more than 25 energy and emissions

about 3 years ago