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Market Outlooks

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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

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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
Three European countries planning to develop hybrid electricity interconnector
Market Outlooks

Plan unveiled for Europe’s first hybrid electricity interconnector between three countries

Belgium, Ireland and the UK have signed a joint statement to increase their cooperation on renewables and interconnection opportunities, as well as a letter of agreement on the development of what is said to be Europe’s first planned hybrid electricity interconnector between three countries. The joi

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Market Outlooks

QatarEnergy’s CEO on doubling production capacity: LNG is here to stay for years on end

CEO of QatarEnergy is adamant that LNG will keep its spot at the top of the energy demand pyramid for a long time.

about 2 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Market Outlooks

‘Large’ orders for floating production systems coming soon

The floating production systems construction market remains a key bright spot in the offshore marketplace, according to Energy Maritime Associates (EMA).

about 2 years ago
Australian duo eyes ammonia bunkering business opportunities
Market Outlooks

Australian duo eyes ammonia bunkering business opportunities

Hexagon Energy Materials has signed an MoU with Oceania Marine Energy regarding the potential development of a low-emissions ammonia bunkering business at Dampier, in the Pilbara region of Western Australia.

about 2 years ago
Costs of energy storage systems on offshore hydrogen platforms can be reduced by 75%, study says
Market Outlooks

Costs of energy storage systems on offshore hydrogen platforms can be reduced by 75%, study says

The costs for energy storage systems (ESS) on offshore hydrogen platforms can be reduced by 75%, a study by Dutch green hydrogen company H2SEA found.

about 2 years ago
Maritime
Market Outlooks

GMF: Decarbonization could create up to four million green jobs by 2050, double the number of seafarers

The new analysis, commissioned by the Global Maritime Forum (GMF) and conducted by engineering and sustainable development consultancy Arup, projects that the maritime sector’s transition to e-fuels could support up to four million new green jobs by 2050, double the number of seafarers serving globa

about 2 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Market Outlooks

BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

about 2 years ago
Dafydd Gruffydd, with tidal energy technology developers at Morlais Substation for Catching the Tide event.
Market Outlooks

North Wales tidal energy project probes local business opportunities

Business owners from north Wales have gathered at an event, at the Morlais Substation, Holyhead, to promote services to developers of tidal energy devices.

about 2 years ago
European
Market Outlooks

ESPO study: European ports in need of €80 billion investment by 2034

European ports will need multi-billion euro investments in the next decade in order to be fit for the future, a new study found.

about 2 years ago
Illustration; Source: Unique Group
Market Outlooks

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Market Outlooks

Start-up of three LNG projects paving the way for rise in US natural gas trade

A further growth in natural gas trade is expected thanks to three new LNG export projects, which are slated to come online by the end of next year.

about 2 years ago