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Market Outlooks

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Illustration/The submerged CalWave’s x1 wave energy device (Courtesy of CalWave Power Technologies)
Market Outlooks

Governor of California signs wave and tidal energy bill into law

California governor Gavin Newsom has signed SB 605 wave and tidal energy bill into law, marking a significant step forward in bringing a new renewable energy resource to the state and further solidifying California’s commitment to a sustainable and clean energy future.

about 3 years ago
In focus: Is natural gas crucial element of energy transition?
Market Outlooks

In focus: Is natural gas crucial element of energy transition?

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With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?
Market Outlooks

Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?

This is a guest article by Anne Haase, Renewables Director at Aquaterra Energy. Europe is currently driving plans forward to significantly decarbonise industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonisation strategy, with infrastructure projects being d

about 3 years ago
Tocardo’s Eastern Scheldt tidal energy array (Courtesy of Ocean Energy Europe/Photo by Simon Pugh)
Market Outlooks

Tocardo concludes 8-year demonstration of Eastern Scheldt tidal energy array

Tocardo, a joint venture of QED Naval and HydroWing, has completed the demonstration of 1.25MW five-turbine tidal energy array in the Netherlands after eight years of operation.

about 3 years ago
Euronav
Market Outlooks

Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’

Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels.

about 3 years ago
HMD
Market Outlooks

Gunvor and Solvang form JV, order five carbon capture-ready VLGCs

Geneva-based energy trading firm Gunvor Group and Norwegian shipping company Solvang ASA have formed a joint venture to own and operate next-generation eco-vessels for the liquefied petroleum gas (LPG) market. The joint venture has placed an order for five very large gas carrier (VLGC) newbuilds wit

about 3 years ago
The signing of the MoU for the development of clean energy in Tajikistan (Courtesy of Masdar)
Market Outlooks

Masdar sets sights on Tajikistan’s floating solar potential

MW Energy, a joint venture between Abu Dhabi Future Energy Company (Masdar) and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore at least 500MW capacity of clean energy projects, including floating solar power,

about 3 years ago
AEC: African LNG sector will undergo geographical shift
Market Outlooks

AEC: African LNG sector will undergo geographical shift

African Energy Chamber (AEC), an energy advocacy group, has released its new quarterly market-focused report, providing outlook and key insight into the continent’s LNG trends and showing that the African gas sector’s center of gravity is undergoing a geographical shift. Over the last few years, the

about 3 years ago
Shipping
Market Outlooks

Poseidon Principles align with IMO’s raised ambitions

The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Market Outlooks

All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

20 minutes read
GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage
Market Outlooks

GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage

Poland’s natural gas transmission system operator GAZ-SYSTEM has completed the process of registration of entities interested in participating in the binding open season procedure for Gdańsk FSRU 2. The operator requested the participants registered in the procedure to submit their binding offers to

about 3 years ago
In focus: Advanced economies should pave the energy transition way as 'bolder action' is needed
Market Outlooks

In focus: Advanced economies should pave the net-zero way as bolder action is needed

Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.

about 3 years ago
Illustration; Source: TotalEnergies
Market Outlooks

TotalEnergies stays the course to tackle transition with its multi-energy strategy

TotalEnergies has set its course for the energy transition journey by creating a balanced multi-energy strategy, which it plans to follow to diversify its portfolio, cut its emission footprint, and reach low-carbon and net-zero aspirations.

about 3 years ago
UNCTAD: Up $28 bln extra required to decarbonize shipping
Market Outlooks

UNCTAD: Up $28 bln extra required to decarbonize shipping

While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship

about 3 years ago