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Market Outlooks

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Aerial view of Dunnottar Castle, Stonehaven. Dunnottar is a ruined medieval fortress located upon a rocky headland on the North East coast of Scotland. Credit: Scottish Enterprise
Market Outlooks

Scotland eyes almost $10B marine energy boost by 2050

Scotland’s tidal stream and wave energy sector could generate over £8 billion (almost $10 billion) in economic benefits and create more than 15,000 jobs by 2050 if the country retains its leadership position in the field, University of Edinburgh’s (UoE) new report reveals. Published by the UoE and c

about 1 year ago
Call for Interest for H2Med hydrogen corridor delivers positive results, TSOs say
Market Outlooks
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Call for Interest for H2Med hydrogen corridor delivers positive results, TSOs say

A Call for Interest in the H2Med project – the first European major hydrogen corridor – has delivered “strong outcomes” and confirmed H2Med’s role in achieving Europe’s decarbonization and deindustrialization objectives, the project promoters revealed.

about 1 year ago
Spanish Avalon to invest €8 billion in hydrogen and derivatives projects
Market Outlooks

Spanish Avalon to invest €8 billion in hydrogen and derivatives projects

Spanish energy company Avalon Renovables plans to invest around €8 billion in the development of green hydrogen and derivatives projects in different locations distributed between the provinces of Jaén, Huelva, Cádiz and Málaga.

about 1 year ago
NAGA 8 rig; Source: Velesto
Market Outlooks

Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era

Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion by dipping its toes into robotics and eyeing potential d

21 minutes read
India
Market Outlooks

India aims to spend up to $3B to boost domestic maritime sector

India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector.

about 1 year ago
WAPS
Market Outlooks

DNV: Industry innovation, stricter regulations drive WAPS uptake

Orders for wind-assisted propulsion systems (WAPS) are set to accelerate in the coming years due to a surge in industry interest combined with systems builders and yards scaling up production and installation capacity, classification society DNV said.

about 1 year ago
Suez Canal
Market Outlooks

Ripe for return: As Red Sea tensions subside, Suez Canal prepares for ‘full-scale’ revival

With security in the Red Sea gradually improving, the Suez Canal is gearing up to handle global trade at full capacity, signaling the return of stability to this vital maritime corridor, the Suez Canal Authority (SCA) has revealed. Clearing skies, changing tides: The Suez Canal now The dark clouds a

about 1 year ago
A large vessel at sea
Market Outlooks

Petrobras credits Santos Basin fields for uptick in oil & gas reserves

Brazil’s state-owned oil and gas giant Petrobras has recorded an increase in its proven reserves of oil, condensate, and natural gas in 2024 compared to the previous year.

about 1 year ago
GlobalData: Hydrogen economy is in critical phase of development
Market Outlooks

GlobalData: Hydrogen economy is in critical phase of development

The hydrogen economy is currently in the critical phase of its development, according to data and analytics company GlobalData.

about 1 year ago
fleet
Market Outlooks

UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

about 1 year ago
Rendering of Alaska LNG plant
Market Outlooks

$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza

With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.

23 minutes read
Oh, captain, (new) captain: Trump’s maritime masterstroke or navigational gamble?
Market Outlooks

Oh, captain, (new) captain: Trump’s maritime masterstroke or navigational gamble?

Among the flurries of orders issued in the first hours post-inauguration, the current President of the United States Donald Trump has positioned Louis E. Sola at the very helm of the Federal Maritime Commission (FMC) and cast a long shadow over critical maritime issues. As disclosed, Sola was first

about 1 year ago
LNG
Market Outlooks

LNG is steady compass to net zero, SEA-LNG found

Global adoption and the growth of the liquefied natural gas (LNG) pathway in the maritime industry has witnessed ‘record’ heights in the year 2024, a new analysis from industry coalition SEA-LNG has found. According to SEA-LNG’s annual “View from the Bridge” report, the growth of LNG-fueled vessels

about 1 year ago
CNOOC
Market Outlooks

CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays

China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025.

about 1 year ago