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Market Outlooks

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Illustration; Source: Brava Energia
Market Outlooks

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Offshore Energy’s top five hydrogen stories of 2024
Market Outlooks

Offshore Energy’s top five hydrogen stories of 2024

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Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
An offshore platform
Market Outlooks

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Market Outlooks

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
UKSC development and decommission capex, from Wood Mackenzie
Market Outlooks

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Market Outlooks

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read
Noble Developer rig; Source: Noble
Market Outlooks

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read
Offshore Energy Recap 2024
Market Outlooks

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

about 1 year ago
FuelEU Maritime
Market Outlooks

FuelEU Maritime: The breaking of a new dawn in shipping

The shipping industry is standing on the cusp of a major transformation with FuelEU Maritime in force starting today, January 1, 2025, compelling maritime stakeholders to meet the European Union’s (EU) decarbonization goals and pushing for ‘significant’ emissions reductions while making green fuels

about 1 year ago
wind propulsion
Market Outlooks

France experiences wind propulsion boom in 2024

The French sailing fleet now comprises eleven large cargo ships, with four new wind-powered vessels added to the fleet in 2024, Association Wind Ship revealed.

about 1 year ago
UK’s first CO2 injection nears reality as final preparations are underway (Video)
Market Outlooks

UK’s first CO2 injection nears reality as final preparations are underway (Video)

Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro

about 1 year ago
Seagliders
Market Outlooks

Seagliders could be a game changer for Hawai’i’s sustainable future

Seagliders will have a positive impact on Hawaiʻi, according to a study commissioned by the Hawaiʻi Seaglider Initiative (HSI), a coalition of local stakeholders working to increase awareness and adoption of seagliders in the state.

about 1 year ago
alternative
Market Outlooks

Global alternative-fueled ship fleet is on the rise, dictating new skillset

The number of vessels ordered with alternative-fueled capability is growing with 27 ammonia and 322 methanol-fueled vessels currently on the orderbooks, according to DNV’s Alternative Fuels Insights platform.

about 1 year ago
Westwood: Over a fifth of all European hydrogen projects stalled or cancelled
Market Outlooks

Westwood: Over a fifth of all European hydrogen projects stalled or cancelled

Westwood Global Energy, an energy market research and consultancy firm, has identified 23 projects in the European pipeline that have been classed as cancelled or stalled across 11 major European countries that make up the majority of the hydrogen opportunity.

about 1 year ago