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Market Outlooks

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Scale model of OceanEnergy’s OE35 wave energy device (Courtesy of OceanEnergy)
Market Outlooks

OceanEnergy completes tank trials of scaled OE35 wave energy device

Irish company OceanEnergy has concluded the latest round of tank testing of its scaled OE35 wave energy device model at Lir-National Ocean Test Facility (Lir NOTF) as part of the WEDUSEA project.

about 3 years ago
SK Materials and ExxonMobil team up for blue ammonia
Market Outlooks

SK Materials and ExxonMobil team up for blue ammonia

SK Holdings Materials, a South Korea-based company specialising in material technology, has signed an agreement with ExxonMobil, a US energy and petrochemical company, with the main aim of introducing blue ammonia to SK Materials in Korea. The company noted that ExxonMobil plans to build a facility

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

IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

about 3 years ago
Enagás meets 2022 targets, boosts its 2030 strategic plan
Market Outlooks

Enagás meets 2022 targets, boosts its 2030 strategic plan

Spanish energy company Enagás has announced that all its objectives set for 2022 have been achieved and the degree of execution of its 2022-2030 strategic plan is higher than expected. Enagás’ net profit on 31 December 2022 amounted to €375.8 million, exceeding the target for the year. The significa

about 3 years ago
LNG carrier
Market Outlooks

South Korea’s shipbuilding orderbook surges to over $7 bln amid strong demand for high-end dual-fuel ships

South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this

about 3 years ago
EU-SCORES: Combining offshore wind with offshore solar energy (Courtesy of Oceans of Energy)
Market Outlooks

EU-SCORES: Win-wins of offshore energy multi-use parks

The Dutch Marine Energy Centre (DMEC) and the EU-SCORES project partners have recently held a two-day stakeholder engagement event on energy multi-use parks at the Marine Energy Hub in the Hague, spotlighting the benefits of combining different offshore renewable energy sources at one site.

about 3 years ago
ENGIE and Masdar partner up for UAE green hydrogen hub
Market Outlooks

ENGIE steps up its energy transition, targets renewables

French energy group ENGIE is moving to the second stage of its strategic plan, stepping up growth in the energy transition with an emphasis on renewables. The group said its 2021-23 strategic plan has been successfully executed and the time has come to move on to the second stage. ENGIE said its geo

about 3 years ago
The AR1500 tidal turbine (Courtesy of SIMEC Atlantis)
Market Outlooks

MeyGen sets record with world’s first 50GWh of electricity generated by tidal energy

The MeyGen tidal energy project, developed by SIMEC Atlantis Energy, has become the first tidal stream array in the world to generate 50GWh of clean electricity from tidal energy.

about 3 years ago
Illustration/Wave energy device (Photo: YouTube/Screenshot)
Market Outlooks

UMERC releases report on US marine energy technological innovation system

The University Marine Energy Research Community (UMERC), coordinated by the Pacific Ocean Energy Trust (POET), has published a report which provides systematic analysis of the marine energy research and innovation ecosystem within the United States.

about 3 years ago
Biofuels
Market Outlooks

Biofuels: the low-hanging fruits ensnared in policy gaps

Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.

about 3 years ago
Illustration; Source: Westwood
Market Outlooks

Big oil to keep capital investment taps closed despite collecting $283 bln in 2022, says Westwood

Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.

about 3 years ago
Illustration; Source: EIA
Market Outlooks

Warm weather brings down U.S. natural gas price forecast

The U.S. Energy Information Administration (EIA) has lowered the U.S. natural gas price forecast for this year.

about 3 years ago
NetBuoy deployed for sea trials in the Cromarty Firth, Scotland (Courtesy of TTI)
Market Outlooks

US company to use TTI’s NetBuoy concept for wave energy device

California-based wave energy technology developer Centipod has teamed up with TTI Marine Renewables, a Scottish subsidiary of Tension Technology International (TTI), on the development of its wave energy device.

about 3 years ago
LNG Bunkering
Market Outlooks

ECSA calls for inclusion of fuel suppliers under the scope of FuelEU Maritime

The European Community Shipowners’ Associations (ECSA) calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime as proposed by the European Parliament in Amendment 129. The amendment approved on October 19th says that if

about 3 years ago
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