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Outlook & Strategy

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A photo illustration showing D10 tidal turbine developed by French company Sabella (Courtesy of Sabella/Balao)
Outlook & Strategy

EU targets 40 GW of ocean energy and other emerging technologies by 2050

The European Commission has presented the EU Strategy on Offshore Renewable Energy which sets a goal of reaching 40 GW of installed capacity for ocean energy, and other emerging technologies like floating wind and solar, by 2050.

about 6 years ago
Mohammad Sanusi Barkindo; Source: OPEC
Outlook & Strategy

OPEC lowers 2020 oil demand forecast

The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.

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about 6 years ago
IMO
Outlook & Strategy

Marine Benchmark: Shipping’s CO2 emissions to rise despite efficiency gains

Global CO2 emissions will continue to rise and track fleet growth, a new analysis by Swedish big data firm Marine Benchmark shows.

about 6 years ago
DeepOcean cable laying
Outlook & Strategy

DeepOcean to wind down cable laying and trenching units in UK

Subsea services player DeepOcean has started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (“CL&T Group”), which will enable the CL&T Group to be wound down on a solvent basis. DeepOcean 1 UK, DeepOcean Subsea Cables and Enshore Subsea have f

about 6 years ago
A photo of Boris Johnson, UK's Prime Minister (Courtesy of UK government)
Outlook & Strategy

UK outlines £12 billion plan to spark ‘green industrial revolution’

UK Prime Minister Boris Johnson has released a £12 billion plan for a ‘green industrial revolution’ that is expected to support up to 250,000 jobs.

about 6 years ago
Boxship
Outlook & Strategy

Maersk delivers strong Q3 result, raises 2020 guidance

Danish container shipping major A.P. Moller – Maersk managed to grow earnings and cash flow in the third quarter of this year, despite the negative effect on global economies of the COVID-19 pandemic.

about 6 years ago
A concept for Mocean Energy's Blue Star wave energy device (Courtesy of Mocean Energy)
Outlook & Strategy

Mocean Energy bags £850K to bring green power to subsea oil and gas

The Edinburgh-based start-up Mocean Energy has secured a major investment to advance the design of its Blue Star wave energy device, and drive its adoption in subsea oil and gas sector.

about 6 years ago
IMO
Outlook & Strategy

Environmentalists blast UN for lack of ambition as IMO adopts GHG reduction measures

The International Maritime Organization (IMO) has approved a number of measures aimed at cutting the shipping sector’s carbon emissions in the next decade. The measures adopted at the IMO’s Marine Environment Protection Committee (MEPC) taking place virtually from 16-20 November included amendments

about 6 years ago
Shenzi field - BHP (Upstream M&A)
Outlook & Strategy

Global upstream M&A deals to gain momentum for the rest of 2020?

Following the Covid-19 pandemic and the oil price crash in early 2020, for some players in the oil and gas sector consolidation may be the only way to stay solvent.

about 6 years ago
A photo of António Sarmento, WavEC President (Courtesy of WavEC Offshore Renewables)
Outlook & Strategy

Portugal and Canada team up for transatlantic marine renewables growth

Marine industry experts from Portugal and Canada are staging a special ‘blue economy’ conference to spark transatlantic business growth.

about 6 years ago
Flags in from of the EU Commission building in Brussels
Outlook & Strategy

EU to set 2050 offshore wind target at 300 GW, ocean energies at 60 GW?

Rumour has it that the European Commission is considering a massive increase in installed offshore renewable energy capacity by 2050, with as much as 300 GW of offshore wind, and 60 GW of ocean energies to be in place by that time. According to media reports from Reuters and Euractiv, a draft of the

about 6 years ago
Illustration; Source: Aker Solutions
Outlook & Strategy

Aker Solutions launches call to action to accelerate energy transition

In a bid to accelerate the transition to sustainable energy production, Aker Solutions has launched a call to action urging industry, authorities, and society to work together to achieve common goals.

about 6 years ago
Northern Lights project scheme (Courtesy of Equinor)
Outlook & Strategy

Equinor eyes contractors for Northern Lights HDD works

Norwegian energy giant Equinor has invited contractors to show interest for a pre-qualification process related to the Horizontal Directional Drilling (HDD) works for the landfall of CO2 pipeline as part of the Northern Lights project.

about 6 years ago
Container shipping
Outlook & Strategy

Moody’s: Shipping to end 2020 better than expected

The rating agency Moody’s has revised its outlook for the shipping industry from negative to stable as the sector outperformed the agency’s projections for this year. The rating agency said the outlook for the global shipping industry had been negative since March 2020 coinciding with the impact of

about 6 years ago