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Market Outlooks

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Prysmian
Market Outlooks

With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.

about 2 years ago
The 192MWp Cirata floating solar power plant (Courtesy of Sungrow FPV)
Market Outlooks

The largest floating solar power plant in Southeast Asia comes online

The 192MWp floating solar plant, developed by Indonesia’s state-owned utility company PLN and Abu Dhabi Future Energy Company – Masdar, has been put in operation at Cirata hydropower reservoir in West Java, Indonesia.

about 2 years ago
Makai's OTEC plant (Courtesy of Makai Ocean Engineering)
Market Outlooks

Makai Ocean Engineering teams up with Shell to advance OTEC tech

Makai Ocean Engineering has signed an agreement with Shell Technology – Marine Renewable Program to further develop and test potentially transformative proprietary technologies that advance the engineering and economic viability of an offshore ocean thermal energy conversion (OTEC) system.

about 2 years ago
NAVTOR
Market Outlooks

NAVTOR, Voyager Worldwide merge to advance maritime tech industry

NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.

about 2 years ago
Seaports
Market Outlooks

ZDS: German seaports are well-positioned to be carbon management hubs

German seaports believe they are well-positioned to be used as hubs for carbon management as part of the energy transition and a CO2 circular economy. However, they demand ‘a clear commitment’ from the federal government.

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

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 2 years ago
Prelude; Source: Shell
Market Outlooks

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
shore power
Market Outlooks

Study: EU must triple or quadruple installed shore power by 2030

The European Union needs to triple or quadruple its installed shore power by 2030 to meet the current ambitions of the FuelEU Maritime regulation and the Alternative Fuels Infrastructure Regulation (AFIR), a new study estimates.

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

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
Illustration/Ocean Sun's floating solar tech (Courtesy of Ocean Sun)
Market Outlooks

Norwegian floating solar developers partner up for greener aquaculture

Norwegian companies Ocean Sun and Inseanergy have formed partnership to supply the aquaculture industry with green energy using floating solar technology. Following the settlement of a patent dispute earlier this year, Ocean Sun and Inseanergy have entered into a cooperation agreement to supply gree

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Market Outlooks

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 2 years ago
Europe’s LNG capacity buildout outpaces demand, IEEFA claims
Market Outlooks

Europe’s LNG capacity buildout outpaces demand, IEEFA claims

The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the gap between Europe’s LNG capacity and demand continues to widen. Europe has added six new LNG terminals in 2023, plus a previously mothballed terminal and a new floating storage regasification unit (FSRU) that is

about 2 years ago
ETAP facility in the North Sea; Source: BP
Market Outlooks

BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline

BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.

12 minutes read
DP World
Market Outlooks

APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:

about 2 years ago
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