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Market Outlooks

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Saudi Arabia and France form energy alliance, H2 and electricity in focus
Market Outlooks

Saudi Arabia and France form energy alliance, H2 and electricity in focus

Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both

about 3 years ago
Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns
Market Outlooks

Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns

Hecla Emissions Management, a company founded by Wilhelmsen Ship Management (WSM) and Affinity Shipping, has revealed its data that the maritime sector could be liable for €8.4 billion in 2026, taking into account the total ETS-applicable emissions.

about 3 years ago
HydroQuest's 1MW tidal energy turbine for Paimpol-Bréhat site (Courtesy of Ocean Energy Europe)
Market Outlooks

France boosts tidal energy sector with €65M for FloWatt project

The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.

about 3 years ago
In focus: How international are decarbonization efforts?
Market Outlooks

In focus: How international are decarbonization efforts?

In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very

about 3 years ago
Illustration/NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Market Outlooks

Scots launch new competition to cut costs of wave energy technology

Wave Energy Scotland (WES) has launched a Direct Generation Concept Design Competition, inviting wave energy specialists, concept designers and solution architects to apply.

about 3 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Market Outlooks

As the offshore drilling market tightens, what’s up with the semi-sub rig fleet?

Westwood underscores that the harsh environment semi-sub market is all sold out, thanks to the offshore drilling market’s upcycle.

about 3 years ago
U.S. to support clean hydrogen economy with up to $1 billion investment
Market Outlooks

U.S. to support clean hydrogen economy with up to $1 billion investment

The U.S. Department of Energy (DOE) has released a Notice of Intent (NOI), which includes a Request for Information (RFI), to invest up to $1 billion in a demand-side initiative to support the Regional Clean Hydrogen Hubs (H2Hubs). Funded by President Biden’s Bipartisan Infrastructure Law, the H2Hub

about 3 years ago
Greek TSO enters EuroAsia Interconnector with 25% stake
Market Outlooks

Greek TSO enters EuroAsia Interconnector with 25% stake

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has become a strategic investor in the EuroAsia Interconnector that will link Greece, Cyprus and Israel with the acquisition of a 25 per cent stake. IPTO’s entry into the share capital of EuroAsia Interconnector

about 3 years ago
NREL analysis makes a case for floating solar as clean energy solution in Southeast Asia
Market Outlooks

NREL analysis makes a case for floating solar as clean energy solution in Southeast Asia

Floating solar photovoltaic (FPV) has the potential to help countries across Southeast Asia reach their ambitious renewable energy generation goals, according to a first-of-its-kind assessment conducted by National Renewable Energy Laboratory (NREL) researchers. The analysis of FPV potential for the

about 3 years ago
Denmark plans future backup capacity to come from hydrogen and storage
Market Outlooks

Denmark plans backup capacity to come from hydrogen and storage

Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

about 3 years ago
IMO’s ship recycling convention will fail to ensure sustainable recycling, NGOs warn
Market Outlooks

IMO’s ship recycling convention will fail to ensure sustainable recycling, NGOs warn

Environmental groups around the world have issued a warning that the International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, which will enter into force in 2025, could fail to ensure sustainable ship recycling.

about 3 years ago
Study identifies ‘great potential’ for importing hydrogen from Tasmania to Rotterdam
Market Outlooks

Study identifies ‘great potential’ for importing hydrogen from Tasmania to Rotterdam

The Port of Rotterdam Authority and the Tasmanian government have conducted a joint study which shows that importing green hydrogen from Tasmania, an island southeast of Australia, has great potential to decarbonise Northern European industry. To remind, the Dutch port and the Tasmanian government s

about 3 years ago
Port Esbjerg: Lack of personnel as specialized vessels create specialized jobs
Market Outlooks

Port Esbjerg: Lack of personnel as specialized vessels create specialized jobs

The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n

about 3 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Market Outlooks

Interview with MCF’s CEO: In hot pursuit of gas as embodiment of low-carbon energy and stepping stone to green future

Natural gas is perceived to be the perfect candidate to bridge the supply gap in the transition from fossil fuels to renewables.

13 minutes read
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