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Market Outlooks

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Cirata floating solar plant in Indonesia (Courtesy of Masdar)
Market Outlooks

Masdar, PLN NP shake hands to triple the size of ASEAN’s largest floating solar plant

UAE’s Masdar has signed the agreement with PLN Nusantara Power (PLN NP) for a 500MW expansion of Cirata floating solar plant in Indonesia – which is set to become the largest floating solar plant in the Association of Southeast Asian Nations (ASEAN).

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition

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The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.

12 minutes read
Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows
Market Outlooks

Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows

While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr

about 3 years ago
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Market Outlooks

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 3 years ago
Reliability of subsea cables paramount to energy transition success, GUH says
Market Outlooks

Reliability of subsea cables paramount to energy transition success, GUH says

Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH

about 3 years ago
MOL
Market Outlooks

IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se

about 3 years ago
QED Naval’s SubHub platform being towed to site in Langstone Harbour (Courtesy of QED Naval)
Market Outlooks

Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035

Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera

about 3 years ago
Anemoi-MV-Afros-1
Market Outlooks

Wind-propulsion installations poised to surpass 50 mark in early 2024

Wind propulsion installations on large vessels are on track to surpass the 50 mark in early 2024, according to a recent update by Gavin Allwright, Secretary General of the International Windship Association (IWSA). This achievement reflects the continued momentum behind wind propulsion solutions and

about 3 years ago
The SeaVolt offshore solar platform installed in the North Sea (Courtesy of SeaVolt consortium)
Market Outlooks

SeaVolt launches first of a kind offshore solar platform

The SeaVolt consortium has installed its first of a kind offshore solar platform at the Blue Accelerator test site, near the Port of Ostend in Belgium.

about 3 years ago
Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy
Market Outlooks

QatarEnergy CEO sees natural gas as ‘indispensable’ not just for energy transition but also after 2050

The CEO of QatarEnergy has spotlighted the role of natural gas in the evolving energy landscape and the energy transition era.

about 3 years ago
Port of Aberdeen
Market Outlooks

Princess Royal unveils £420 million Aberdeen Port expansion

The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday

about 3 years ago
In focus: Is climate crisis a ‘fossil fuels crisis’?
Market Outlooks

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 3 years ago
ROV-powered survey
Market Outlooks

Hempel opens new production facility in China

Copenhagen-based coating supplier Hempel has opened a new production facility in Zhangjiagang, China as a way of responding to the growing demand for coating solutions. The inauguration ceremony for the new production facility comes three years after the announcement of expansion plans to meet the g

about 3 years ago
Ron DeSantis, Florida Governor; Source: Office of Governor Ron DeSantis
Market Outlooks

As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry

There is almost an insurmountable gap between the latest energy policies being advocated by Florida Governor and California’s governor.

11 minutes read