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Market Outlooks

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Illustration/HydroQuest's 1MW turbine for Paimpol-Bréhat site (Courtesy of HydroQuest/Photo by Avotrimage)
Market Outlooks

France steps up its tidal power game

French president Emmanuel Macron has announced commercial tenders for tidal stream as part of the French energy strategy update (PPE), saying ‘we have to be at the top of our game in tidal stream’.

about 2 years ago
WinGD
Market Outlooks

WinGD VCR technology set to debut on NYK Line LNG-powered newbuilds

WinGD will carry out the first commercial installation of its new variable compression ratio (VCR) technology on two new dual-fuel LNG-powered vessels being built for Japanese shipping company NYK Line.

about 2 years ago
Excool lco2 transport test ship
Market Outlooks

PHOTOS: Mitsubishi reveals milestone delivery of LCO2 demo ship

The Shimonoseki Shipyard of Mitsubishi Heavy Industries hosted today the naming and delivery ceremony for a demonstration test ship intended for transportation of liquefied carbon dioxide (LCO2). The ship will be used for carbon capture and storage (CCUS) demonstration projects being conducted by Ja

about 2 years ago
Sigma Energy’s 30kW wave energy device deployed in the Adriatic Sea (Courtesy of Sigma Energy)
Market Outlooks

Interview: After taming the Adriatic Sea, Slovenian wave energy company sets course to the ocean

In an interview with Offshore Energy, the founder and head engineer of Slovenia-based wave energy company Sigma Energy, Mile Dragic talked about the development of wave energy technology, demonstration projects, future plans and the challenges of working in an emerging renewable energy industry.

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Market Outlooks

Australia needs more gas as ‘safety net’ for all energy transition roads

Report: Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net-zero scenario.

about 2 years ago
Grain de Sail
Market Outlooks

Grain de Sail to launch trans-channel wind-powered shipping line

French company Grain de Sail, a fully integrated operator for wind-propelled maritime transportation, revealed plans to launch a new sail-powered shipping line between Saint-Malo in France and Southampton in the UK.

about 2 years ago
Illustration/Orbital Marine’s O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Market Outlooks

IEA-OES unveils international roadmap for 300GW of ocean energy by 2050

International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has released a roadmap that outlines a comprehensive strategy that will help to drive the global development of ocean energy.

about 2 years ago
FPSO Almirante Barroso operating on the Búzios field in the pre-salt layer of the Santos Basin; Source: Petrobras News Agency
Market Outlooks

Investments of $102 billion on Petrobras’ five-year agenda: Oil & gas getting the lion’s share while $11.5 billion goes to low-carbon projects

Petrobras’ new five-year strategic plan outlines that oil and gas will be given the biggest slice of its $102 billion investment pie.

about 2 years ago
Nautilus
Market Outlooks

Danalec acquires Nautilus Labs

Copenhagen-based technology provider specializing in maritime safety and sustainability Danelec has acquired New York-based maritime technology company Nautilus Labs. “With the acquisition of Nautilus Labs’ AI-based technology platform, we are looking to broaden our scope of impact. Not only do we g

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago
HMM Tacoma
Market Outlooks

Report: Dongwon and Harim dueling for dominance in HMM bidding race

In the ongoing contest for control of South Korean shipping line HMM, Dongwon Group and Harim Group have emerged as the primary contenders, narrowing down the field in this maritime competition. Previous reports indicated that four companies from South Korea were in the bidding race including, SM Gr

about 2 years ago
Norway-Germany hydrogen value chain technically feasible, study finds
Market Outlooks

Norway-Germany hydrogen value chain technically feasible, study finds

The joint Norwegian-German feasibility study on a hydrogen value chain between Norway and Germany has shown that, given a number of assumptions, it is technically possible to establish a value chain for transporting large quantities of hydrogen from Norway to Germany. The study was commissioned by t

about 2 years ago
Swedish electrolyzer manufacturer steps into Chinese market
Market Outlooks

Swedish electrolyzer manufacturer steps into Chinese market

Swedish manufacturer of energy systems for green hydrogen production Metacon has entered into a memorandum of understanding (MoU) with Chinese company PERIC Hydrogen Technologies to establish a strategic partnership for the production and sale of Metacon’s electrolyzers on the Chinese market. The Mo

about 2 years ago
Proman Stena Bulk
Market Outlooks

Proman Stena Bulk names final methanol-powered MR tanker duo

Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proman, has christened Stena Provident and Stena Progressive, the final two vessels in its initial six-strong methanol-fuelled tanker fleet. The two 49,900 DWT tankers were named at a ceremony held on November 23 at Guangz

about 2 years ago
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