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Market Outlooks

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Shell CEO Ben van Beurden
Market Outlooks

Shell appeals against Dutch ruling, highlighting need for balance in addressing climate change and security of supply

Shell believes that the energy transition is more than just reducing carbon emissions, but is a “political balancing act, requiring government-led policies.”

about 4 years ago
TORM
Market Outlooks

TORM commits to 40% CO2 emission cut by 2025

Danish shipping company TORM has set a new goal to achieve a 40 percent CO2 emission reduction by 2025 — five years ahead of the previous goal.

about 4 years ago
Illustration/L to R: Oceans of Solar’s and SolarDuck’s floating solar systems (Courtesy of Oceans of Solar/SolarDuck)
Market Outlooks

Netherlands: Three projects to share €300K to advance offshore floating solar sector

Three project consortia – involving technology developers Oceans of Energy and SolarDuck – have been selected to receive €100,000 each to further advance offshore floating solar industry in the Netherlands.

about 4 years ago
Hann-Ocean Energy’s third generation Drakoo wave device (Courtesy of Hann-Ocean Energy)
Market Outlooks

Hann-Ocean Energy launches next-gen Drakoo wave energy device in China

Singapore-based company Hann-Ocean Energy has launched its third-generation wave energy device offshore Shengsi archipelago in China.

about 4 years ago
PTTEP joins net-zero by 2050 race
Market Outlooks

Thai giant to focus on natural gas and greenhouse gas intensity in new projects

PTTEP has set a goal to achieve net-zero emissions by 2050 with the help of technology, employing CCS, zero routine flaring and renewables.

about 4 years ago
merger
Market Outlooks

UK regulator blocks $5B Cargotec-Konecranes merger

Following a decision by the UK Competition & Markets Authority (CMA) to block the merger between Finnish engineering majors Cargotec and Konecranes, the duo has decided to cancel the planned business combination.

about 4 years ago
Francesco La Camera - IRENA
Market Outlooks

Answers to energy security and climate change concerns lie in energy transition, IRENA says

The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.

about 4 years ago
Aker BP wins govt nod to ramp up gas output from Norwegian Sea field
Market Outlooks

Aker BP gets govt nod to ramp up gas output from Norwegian Sea field

Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.

about 4 years ago
Ursula von der Leyen, President of European Commission (Courtesy of European Commission)
Market Outlooks

In focus: Europe goes all in to ensure energy security and net-zero future

In the light of Russia’s attack on Ukraine, Europe has intensified efforts on all fronts to ensure its energy security and shift away from global dominance of fossil fuels.

about 4 years ago
Baleària
Market Outlooks

Baleària exploring green hydrogen, biomethane as part of 2050 target

Spanish ferry operator Baleària has reiterated its commitment to cleaner energies as it aims to become carbon neutral by 2050.

about 4 years ago
EC President Ursula von der Leyen and U.S. President Joe Biden - energy security
Market Outlooks

U.S. and EU seal the deal for LNG supply as Europe seeks to cut Russian energy ties

The U.S. will supply 15 bcm of LNG to the EU this year to strengthen European energy security and reduce reliance on Russian energy.

about 4 years ago
Illustration (Courtesy of Swansea University)
Market Outlooks

Four top universities join ORE Catapult’s marine energy hub in Wales

Four of the top universities in Wales have now formally joined the Offshore Renewable Energy (ORE) Catapult’s Marine Energy Engineering Centre of Excellence (MEECE) in Pembroke Dock.

about 4 years ago
Crew from Sonardyne and the University of Plymouth (Courtesy of the University of Plymouth)
Market Outlooks

University of Plymouth and Sonardyne join forces for marine monitoring tech

The University of Plymouth and marine technology company Sonardyne have agreed a strategic partnership to drive innovation within the UK’s growing marine robotic and autonomous systems sector.

about 4 years ago
1.5MWp Lower Seletar Reservoir floating solar system (Courtesy of PUB)
Market Outlooks

Aurecon wins contracts for two large-scale floating solar farms in Singapore

Australian-based engineering consultancy Aurecon has been appointed by Singapore’s national water agency PUB to carry out preliminary engineering design and feasibility studies for two multi-megawatt floating solar projects.

about 4 years ago
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