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Market Outlooks

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four men in suits gather for opening of SolarDuck's new office in Tokyo
Market Outlooks

SolarDuck strengthens Asia Pacific foothold with expansion of Tokyo office

Dutch-Norwegian company SolarDuck has expanded its regional office in Tokyo, Japan, to better devote to the Japanese market and accelerate the commercialization of its floating solar technology.

about 2 years ago
New study unveils ways to boost hydrogen solutions in US
Market Outlooks

New study unveils ways to boost hydrogen solutions in US

A committee, established by the National Petroleum Council (NPC) and chaired by Mike Wirth, Chevron’s Chairman and CEO, has released a more than 1,200-page report, which recommends ways to boost hydrogen solutions in the U.S.

about 2 years ago
Illustration; Source: JDR Cable Systems
Market Outlooks

Interview with JDR: Spotlight on subsea cables’ starring role in oil & gas and renewable plays during transformation to greener energy mix

Subsea cables are expected to remain at the heart of further energy transition moves, according to JDR Cable Systems.

about 2 years ago
Illustration; Source: National Grid
Market Outlooks

Over $76 billion set aside for energy projects across the Atlantic over next five years

National Grid has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean.

about 2 years ago
Illustration; Source: Aker Solutions
Market Outlooks

Aker Solutions rebrands its consultancy business, with twofold headcount increase on the horizon

Aker Solutions has shared a new name for its consultancy arm alongside plans to boost revenue and personnel by 50% over the next six years.

about 2 years ago
Industry players present ‘key’ actions to bolster UK’s hydrogen economy
Market Outlooks

Industry players present ‘key’ actions to bolster UK’s hydrogen economy

The Hydrogen Coordination Forum, which brings together a range of UK and regional bodies across the hydrogen landscape, has announced ten “key” actions to support the scale-up of new hydrogen infrastructure.

about 2 years ago
Illustration; Source: Deutsche Energy Terminal (DET)
Market Outlooks

Vigilance advised but mild winter serves to lessen concerns over gas supply in Germany

FNB Gas has confirmed the easing of gas supply woes in the winter of 2023/2024 due to mild temperatures and diversification of import routes.

about 2 years ago
NSTA plans to introduce 'user pays' carbon storage levy once market is self-sustainable
Market Outlooks

‘User pays’ carbon storage levy to be introduced in UK once market is self-sustainable

The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future, once the carbon capture and storage (CCS) industry begins operating on a more self-sustaining basis. The NSTA ran a call for evidence between December 4, 2023, and

about 2 years ago
Minesto has completed dragon 12
Market Outlooks

Minesto CEO: Dragon tidal energy technology ready for farm and microgrid deployment

Minesto’s CEO declared commercial readiness for Dragon Class, saying that they are ready for commercial deployment at the right performance levels. The existing offer is provided with a combination of wing size, power take-off (PTO), and tether length.

about 2 years ago
Illustration; Courtesy of Shell
Market Outlooks

Shell takes stock of its net zero journey fueled by $5.6 billion investment in 2023

Shell has funneled $5.6 billion into its energy transition agenda last year while continuing to bankroll oil and gas projects.

about 2 years ago
biofuels
Market Outlooks

NYK bullish on biofuels’ role in maritime decarbonization

Biofuels could play an important role in decarbonizing the maritime industry, which is under pressure to gradually reduce greenhouse gas (GHG) emissions, Takuya Koizumi, general manager of NYK’s Decarbonization Group, said.

about 2 years ago
Safe Concordia; Source: Prosafe
Market Outlooks

Prosafe’s fleet utilization rate rebounds from last year’s drop in activity

Norway’s Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during 1Q 2024.

about 2 years ago
Urgent political alignment needed for UK to achieve 'just and fair' energy transition by 2030, report finds
Market Outlooks

Urgent political alignment needed for UK to achieve ‘just and fair’ energy transition by 2030

The UK will fail to achieve a “just and fair” energy transition by 2030 unless there is urgent alignment across the political spectrum to sustain offshore energy industry jobs, supply chain investments and the economic contribution of the workforce, a new report by Robert Gordon University (RGU) sta

about 2 years ago
JERA
Market Outlooks

JERA to invest $32 billion in LNG, renewables, hydrogen and ammonia by 2035

JERA has unveiled plans to invest around $32 billion in LNG, renewables, and hydrogen and ammonia by 2035.

about 2 years ago
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