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Market Outlooks

Meyer, Fassmer take over Neptun Ship Design to jointly offer solutions for sustainable shipping

German shipbuilder Meyer Group and its counterpart Fassmer have decided to jointly acquire compatriot ship design company Neptun Ship Design.

about 4 years ago

Jordi Serret, head of Innosea's Spanish office (Courtesy of Innosea)

Market Outlooks

Marine renewables specialist Innosea sets up shop in Spain

Innosea, the international engineering, design and R&D consultancy within marine renewable energy sector, has expanded its European presence to the Spanish market.

about 4 years ago

Minesto’s team with Dragon Class tidal energy kite (Courtesy of Minesto)

Market Outlooks

Minesto outlines tidal array build-out plan to bolster energy transition of the Faroe Islands

Swedish marine energy developer Minesto has launched a detailed plan for large-scale build-out of tidal energy arrays in the Faroe Islands that will help bring the island country closer to 100% renewable energy.

about 4 years ago

clean hydrogen Nova Scotia to become Canada's clean hydrogen production leader

Market Outlooks

Canada in push to position Nova Scotia as clean hydrogen hub

The governments of Canada and Nova Scotia have moved to position Nova Scotia as “a world leader in offshore wind and clean hydrogen production.”

about 4 years ago

The 'ocean tribute' award for HelioRec (Courtesy of Messe Düsseldorf)

Market Outlooks

HelioRec collects award for floating solar-powered electric charging stations

French start-up HelioRec has received an ‘ocean tribute’ award for its floating solar-powered solution for electric charging, securing a cash prize provided by the Monaco-based Prince Albert II Foundation and Messe Düsseldorf.

about 4 years ago

Cable being prepared for connection to PLAT-I device (Courtesy of Sustainable Marine)

Market Outlooks

Sustainable Marine delivers first ‘grid-compliant’ floating tidal power system in Canada

Sustainable Marine has delivered Canada’s first ‘grid-compliant’ floating tidal energy system, ushering in a fresh dawn for the nation’s marine renewable energy ambitions.

about 4 years ago

Port Adriano in Spain (Courtesy of Eco Wave Power)

Market Outlooks

Eco Wave Power inks deal for 2MW wave power plant in Spain

Swedish-Israeli company Eco Wave Power has signed an agreement with Port Adriano in Spain for the potential construction of a wave energy power plant of up to 2MW.

about 4 years ago

Illustration (Courtesy of EDP Renewables)

Market Outlooks

Portugal’s floating solar auction records world’s lowest energy price

The recent floating solar auction in Portugal proved to be a major success with new records set for the lowest energy price ever, with the country awarding the lowest tariff in the world of -4.13 €/MWh.

about 4 years ago

Oneka Technologies team with its wave energy-powered desalination device (Courtesy of US DOE)

Market Outlooks

Oneka Technologies wins grand prize at US DOE’s wave energy-powered desalination contest

US DOE has unveiled the winners of $1 million in cash prizes in the final stage of the Waves to Water Prize, whose aim was to develop wave energy-powered desalination solutions.

about 4 years ago

In Focus: Making strides on pathway to sustainable future

Market Outlooks

In focus: Industry making strides on its journey to sustainable future

The current geopolitical crisis has been seen by many as a wake-up call and a nudge the world needed to pivot towards renewables, which are perceived as pillars of a net-zero future. In light of this, the offshore energy industry is putting the wheels into motion to step up decarbonisation as the wo

about 4 years ago

Market Outlooks

Euronav-Frontline merger could reap multiple benefits of energy transition

Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry.

about 4 years ago

Illustration (Courtesy of Curtis Rusch; US Department of Energy)

Market Outlooks

US launches competition to help build future workforce for marine energy industry

The US Department of Energy (DOE) has launched the fourth annual Marine Energy Collegiate Competition (MECC), established to build the workforce to lead the development of marine energy industry.

about 4 years ago

Market Outlooks

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago

The Bay du Nord FPSO development concept - Equinor - Canada

Market Outlooks

Canada caught between a rock and a hard place as decision on giant new oil project draws near

The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.

about 4 years ago