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Market Outlooks

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Offshore wind workers close up with an offshore wind turbine seen farther offshore
Market Outlooks

Rystad Energy: Offshore wind jobs to triple by 2030

Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is a

about 5 years ago
Carbon Capture and Storage Illustration
Market Outlooks

Marine seismic industry exploring energy transition arena

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As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine seismic data can massively improve assessments of the s

about 5 years ago
The Shell-operated Appomattox deep-water asset.
Market Outlooks

Big oil output to peak lower and earlier than expected, Rystad says

The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.

about 5 years ago
Gina Krog field off Norway; Credit: Ole Jørgen Bratland/Equinor SSB Norway
Market Outlooks

Norway: Oil firms increase 2021 spending plans. Decline set for 2022

Oil and gas companies in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, the national statistics office (SSB) survey said.

about 5 years ago
Joe Biden
Market Outlooks

Rystad: Most of Alaska’s remaining oil at risk due to Biden policies

There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.

about 5 years ago
Illustration; Source: NPD
Market Outlooks

NPD: A lot of oil and gas left on Norwegian shelf

The Norwegian Petroleum Directorate (NPD) has revealed that the Norwegian continental shelf (NCS) holds another 8 billion standard cubic metres of oil equivalent (Sm3 o.e.).

about 5 years ago
SEA-LNG: LNG as a pathway to decarbonisation
Market Outlooks

SEA-LNG: LNG as a secure way to decarbonisation

The multi-sector industry coalition SEA-LNG states that LNG can cut greenhouse gas emissions now while also securing the future.

about 5 years ago
Containerships Borealis
Market Outlooks

LNG-powered Containerships Borealis joins CMA CGM

Containerships, an Intra-European carrier and a subsidiary of the CMA CGM Group, recently took delivery of its fifth new containership powered by liquefied natural gas (LNG), the Containerships Borealis.

about 5 years ago
Floating Solar Energy Hybrid Project illustration (Courtesy of The Marine Institute)
Market Outlooks

Irish company designs floating solar platform for green hydrogen production

SolarMarine Energy, an Irish start-up based in Co Mayo, has designed an innovative floating hybrid renewable energy system which could offer sustainable low carbon solution for Irish coastal communities.

about 5 years ago
Ardmore Seafox
Market Outlooks

Ardmore to move toward more non-fossil fuel cargoes as part of the energy transition plan

The global energy transition will have a profound impact on the shipping industry, including product tanker and chemical tanker segments, Anthony Gurnee, Chief Executive Officer of Ardmore Shipping, believes. “While this will unfold over years, the impact has already been felt through anticipated re

about 5 years ago
Illustration; Source: NRGI
Market Outlooks

NRGI: State oil firms could waste $400 billion as energy shift accelerates

State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.

about 5 years ago
Maersk Esssen
Market Outlooks

Maersk ends year with record quarterly results, expects strong Q1 amid demand surge

A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19. The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and revenue grew to $39.7bn in 2020 compared to $38.9bn i

about 5 years ago
Yara
Market Outlooks

Yara creates Clean Ammonia unit

Norwegian fertilizer company Yara International ASA revealed it is taking further steps to enable the hydrogen economy by establishing a new global unit – Yara Clean Ammonia.

about 5 years ago
Australian LNG exports down 25 percent in 2020
Market Outlooks

Australian LNG export revenue down 25 percent in 2020

According to the latest Australian Bureau of Statistics (ABS) figures, the total value of 2020 LNG exports was A$36.2 billion, down 25.5 percent from A$48.6 billion in 2019.

about 5 years ago