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Market Outlooks

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Welsh First Minister Mark Drakeford (Courtesy of the Welsh government)
Market Outlooks

Wales launches €850K tidal lagoon challenge

Welsh First Minister Mark Drakeford has announced £750,000 (€850,000) for research projects focusing on deployment of tidal lagoon technology as part of Tidal Lagoon Challenge.

about 3 years ago
Illustration; Source: Shell
Market Outlooks

Shell unveils two energy scenarios with the world caught in security and climate woes’ grasp

Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.

about 3 years ago
Nova Innovation’s tidal turbine in Étel Estuary (Courtesy of Nova Innovation)
Market Outlooks

Nova Innovation deploys tidal turbine in France

Scottish company Nova Innovation has installed its tidal energy turbine at the Étel Estuary, bringing its turbines to France for the first time.

about 3 years ago
MSC Irina
Market Outlooks

Alphaliner: Armada of big ships readies to hit the market as demand falters

In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. This development is poised to have a significant impact on th

about 3 years ago
Illustration/Sabella's D10 tidal turbine (Courtesy of Sabella)
Market Outlooks

French launch €1.5M project to decarbonize island power grids

A collaborative project dubbed OPTILE has been launched in France with the aim of decarbonizing the supply of electricity to island grids using offshore renewable energy.

about 3 years ago
Shelf Drilling Tenacious jack-up rig; Source: Shelf Drilling
Market Outlooks

Oil & gas boom and rig shortage fuel Shelf Drilling CEO’s hopes of multi-year upcycle for jack-ups

With the oil and gas sector in high demand, Shelf Drilling is envisioning further offshore drilling market improvements, especially within the jack-up segment.

about 3 years ago
HydrogenPro steps into US market with establishment of manufacturing facility
Market Outlooks

HydrogenPro steps into US market with establishment of manufacturing facility

Norwegian HydrogenPro, a technology company and an OEM for high-pressure alkaline electrolysers, has announced it will take its first major step into the US market with the establishment of a 500 MW manufacturing facility in Texas, US, with an estimated total investment cost of $30-50 million. Accor

about 3 years ago
Seabased’s CEO with government officials following MoU signing (Courtesy of Seabased)
Market Outlooks

Seabased shakes hands for 10MW wave energy plant in Tonga

Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) for the development of 10MW wave energy plant offshore the Polynesian country and archipelagic state of Tonga.

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

While high demand spurs U.S. gas production, low-carbon and green shift set to curb emissions

The American natural gas production is expected to grow while the accelerated shift to low-carbon and green sources will reduce U.S. energy-related CO2 emissions through 2050.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Market Outlooks

What is being said about UK’s £20 bln funding for carbon capture and storage projects?

As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.

about 3 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Market Outlooks

Oneka takes helm of $10M wave energy-desalination project in Canada

Oneka Technologies, a developer of wave-powered desalination solutions, has teamed up with Canada’s Ocean Supercluster on a new project whose aim is to scale up the company’s wave energy-driven desalination technology to utility scale.

about 3 years ago
Illustration/Nova Innovation's tidal energy turbine (Courtesy of Nova Innovation)
Market Outlooks

UK government halves ring-fenced support for tidal energy in next renewables auction

The UK government has confirmed the £205 million budget for renewable energy projects in the fifth round of contracts for difference (CfD) auction, which features plans to cut the tidal stream ring-fence from £20 million to £10 million.

about 3 years ago
Sustainable Marine’s PLAT-I 6.40 platform deployed at Grand Passage in Nova Scotia (Courtesy of Sustainable Marine)
Market Outlooks

IEA-OES: Ocean energy advancements made across the globe in 2022

Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of key achievements and progress made in the ocean energy sector in its new annual report for 2022.

about 3 years ago
Illustartion; Source: Wood Mackenzie
Market Outlooks

Would permitting reform get rid of the red tape for U.S. energy infrastructure projects?

Wood Mackenzie believes permitting reform could be part of the solution to the strains created by rapid growth in renewables.

about 3 years ago
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