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Market Outlooks

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WATCH: New documentary shines a light on workers behind UK’s changing offshore energy industry
Market Outlooks

WATCH: New documentary shines a light on workers behind winds of change in UK’s offshore energy industry

OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.

about 3 years ago
Illustration/Tidal turbine developed by Scottish company Nova Innovation (Courtesy of Nova Innovation)
Market Outlooks

New study lists benefits of wave and tidal for Great Britain’s power system

Supergen ORE Hub and the University of Edinburgh’s Policy and Innovation Group have released a study that quantifies the potential power system benefits that the Great Britain stands to gain through wave energy and tidal stream deployments.

about 3 years ago
European energy woes spur ‘all-time high’ demand for Norwegian gas
Market Outlooks

European energy woes spur ‘all-time high’ demand for Norwegian gas

Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”

about 3 years ago
New vessel joins Türkiye’s fleet as Black Sea project nears first gas
Market Outlooks

New vessel joins Türkiye’s fleet as Black Sea project nears first gas

Türkiye’s new vessel will soon be going on its first mission in the Black Sea, working on giant project in preparation for the first gas.

about 3 years ago
SF Russia's largest shipping company
Market Outlooks

Sanctions aftermath: India emerges as top buyer of Russia’s seaborne crude

India has become the largest seaborne importer of Russian crude in the wake of the EU ban on seaborne oil imports and subsequent G7 price cap for exports. Exports to India increased from virtually nothing prior to Russia’s invasion of Ukraine to 1.2 Mb/d in November last year, according to Poten & P

about 3 years ago
Beihai Shipbuilding
Market Outlooks

Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms

Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close

about 3 years ago
Snam to pour €10 billion by 2026 in Italy’s gas security
Market Outlooks

Snam to pour €10 billion by 2026 in Italy’s gas security

Italy’s energy infrastructure operator Snam has revealed its plans to invest a total of €10 billion ($10.8 billion) by 2026 in strengthening its transport, storage and LNG business to contribute to the country’s energy security. The investment is part of Snam’s 2022-2026 Strategy Plan, which was app

about 3 years ago
Saipem unveils new solution for offshore energy operators
Market Outlooks

Saipem unveils new solution for offshore energy operators

Saipem has joined forces with MCS to launch a new asset integrity management system for offshore energy operators.

about 3 years ago
Illustration (Courtesy of the University of Western Australia)
Market Outlooks

New reports outline potential of ocean energy at Western Australia’s southern tip

Researchers at the University of Western Australia’s Marine Energy Research Centre (MERA) have released two reports highlighting the ocean energy potential of Western Australia’s Albany region.

about 3 years ago
Nauticus Robotics kick-starts its international expansion with new operating bases
Market Outlooks

Nauticus Robotics kick-starts its international expansion with new operating bases

Nauticus Robotics has started its international expansion strategy for 2023 and beyond with the initiation of its operations in Norway and the United Kingdom.

about 3 years ago
IHI and Gentari ally on green ammonia production and sales in Malaysia
Market Outlooks

IHI and Gentari ally on green ammonia production and sales in Malaysia

Japan’s IHI Corporation has signed a Memorandum of Understanding (MoU) with Gentari Hydrogen, a clean energy solutions entity wholly-owned by PETRONAS, to evaluate the feasibility of leveraging solar resources of Malaysia to produce and sell green ammonia derived from renewables. Under the MoU, IHI

about 3 years ago
Will energy infrastructure be an ace up Europe's decarbonisation sleeve?
Market Outlooks

Will energy infrastructure emerge as an ace up Europe’s decarbonisation sleeve?

A new report on Europe’s energy transition progress highlights the key role energy infrastructure is playing in driving decarbonisation.

about 3 years ago
Inseanergy’s floating solar unit (Courtesy of Inseanergy)
Market Outlooks

AKVA Group, Inseanergy team up to decarbonize aquaculture using floating solar

AKVA Group and Norwegian floating solar company Inseanergy have signed a letter of intent for the supply and integration of green energy solutions to the aquaculture industry.

about 3 years ago
thyssenkrupp Uhde and ADNOC ally on ammonia cracking to boost hydrogen economy
Market Outlooks

thyssenkrupp Uhde and ADNOC ally on ammonia cracking to boost hydrogen economy

thyssenkrupp Uhde, a Germany-based subsidiary of thyssenkrupp Group that specialises in chemical engineering, and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to explore a long-term partnership to create new markets for hydrogen and promote global clean

about 3 years ago
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