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Market Outlooks

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Illustration/Offshore renewable energy farm with multiple technologies (Courtesy of Marine Power Systems)
Market Outlooks

Lloyd’s Register becomes first IECRE-approved certification body for marine energy

Maritime classification society Lloyd’s Register has secured approval from the International Electrotechnical Commission’s Renewable Energy System (IECRE) for the certification of complex hybrid renewable energy projects that involve multiple technologies, such as wind, wave and tidal.

about 4 years ago
IMO
Market Outlooks

IMO MEPC77 fails to revise current GHG target for 2050

The International Maritime Organization (IMO) failed to revise the current greenhouse gas (GHG) target for 2050 to speed up the decarbonization of the shipping sector.

about 4 years ago
RenewableUK calls goverment to push for green hydrogen
Market Outlooks

RenewableUK calls for goverment to push for green hydrogen

Trade association RenewableUK has called out the UK government to give green hydrogen the opportunity to flourish and get to zero emissions faster.

about 4 years ago
Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for foreseeable future
Market Outlooks

Amidst outcries to phase out fossil fuels, UK’s OGA chairman stands firm on continuing North Sea exploration for the foreseeable future

OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.

about 4 years ago
Soaring oil & gas demand to catapult well intervention over $14 billion by 2031, Fact.MR says
Market Outlooks

Soaring oil & gas demand to catapult well intervention over $14 billion by 2031, Fact.MR says

Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields.

about 4 years ago
Crestwing's Tordenskiold wave energy prototype (Courtesy of Crestwing)
Market Outlooks

Denmark grants funds for Crestwing’s wave energy device optimisation

The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.

about 4 years ago
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
Market Outlooks

Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves

President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.

about 4 years ago
Equinor unveils plans for further development of Oseberg field in North Sea
Market Outlooks

Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn

Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.

about 4 years ago
Rémi Gruet; Sabella's tidal turbine (Courtesy of OEE; Sabella)
Market Outlooks

OEE: Time for EU to join drive to create global ocean energy market

The voice of Europe’s ocean renewable energy industry, Ocean Energy Europe (OEE), has applauded the UK government’s decision to ringfence £20 million a year for tidal stream energy, calling the EU to step up for ocean energy as well.

about 4 years ago
L to R: Steve Edwards; David Challenger; and Joshua Beynon at Pembroke Port (Courtesy of Port of Milford Haven)
Market Outlooks

Works get underway to transform Pembroke Port into Welsh marine energy hub

Works to redevelop areas within Pembroke Port and create the infrastructure needed to support the development of a world-class marine energy hub have started.

about 4 years ago
UK-built tidal energy turbines (Courtesy of Orbital Marine Power; SIMEC Atlantis Energy; Nova Innovation)
Market Outlooks

Industry reacts: Starting gun fired for tidal to establish itself in the UK’s energy mix

The UK’s tidal energy industry has welcomed the government announcement of ring-fenced funding for tidal stream energy, deeming the move as ‘absolutely pivotal’ for reinstating the industry on its journey to large-scale power generation in the UK.

about 4 years ago
Illustration/SIMEC Atlantis' tidal energy turbine (Courtesy of SIMEC Atlantis)
Market Outlooks

UK to invest £20 million per year in tidal energy in ‘game-changing’ move for the sector

The UK government will invest £20 million per year in tidal stream electricity as part of its flagship renewable energy auction scheme, kickstarting a brand-new chapter for the marine energy industry.

about 4 years ago
Synergy
Market Outlooks

Synergy opens Hamburg office to support shipowners on decarbonisation, digitalisation journeys

Singapore-based ship manager Synergy Group has further expanded its global footprint with the opening of a new office in Germany.

about 4 years ago
DNV
Market Outlooks

DNV acquires Applied Risk to build cyber security powerhouse

Norway-based classification society DNV has decided to acquire Dutch cyber security specialist Applied Risk in an effort to create an industrial security powerhouse.

about 4 years ago
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