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Market Outlooks

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Floating solar unit at Banja reservoir, with mooring prepared for three additional rings (Courtesy of Ocean Sun)
Market Outlooks

Ocean Sun gets government grant to advance floating solar technology

Norwegian company Ocean Sun has received a grant from the Research Council of Norway to further develop its floating solar technology.

about 3 years ago
Norway and France forge ties on carbon capture and storage
Market Outlooks

Norway and France forge ties on carbon capture and storage

The governments of Norway and France have signed a letter of intent (LoI) to cooperate on the development and deployment of carbon capture and storage (CCS). The aim of the agreement is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate

about 3 years ago
Eight new wells in Trillion's next year plan
Market Outlooks

Eight new wells in Trillion’s next year plan

Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ

about 3 years ago
Illustration/D10 tidal turbine developed by French company Sabella (Courtesy of Sabella/Balao)
Market Outlooks

Europe launches €40 million call for demonstration of tidal energy farms

The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.

about 3 years ago
INTOG leasing illustration (Courtesy of Crown Estate Scotland)
Market Outlooks

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago
car carrier
Market Outlooks

Clarksons: 93 pct of car carrier newbuilds LNG capable, 23 pct ammonia/methanol ready

Car carrier newbuild ordering has increased significantly in 2021 and 2022 on record markets and the resumption of owners’ fleet renewal programmes, including efforts to support manufacturers to become ‘green through the supply chain’. The market recovery is primarily driven by post-covid car trade

about 3 years ago
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Market Outlooks

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago
Illustration/WaveEL wave energy system (Photograph courtesy of Waves4Power AB, Sweden)
Market Outlooks

Waves4Power signs deal to develop wave energy parks offshore Indonesia

Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.

about 3 years ago
Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain
Market Outlooks

Floating offshore wind could be bigger than fixed-bottom by 2050, but there is catching up to do in supply chain

“We are looking at a market today that is immense. It is new and unprecedented when you look at the numbers. Floating wind is expected to be, in 2050, bigger than fixed offshore wind. But we got some catching up to do, and catching up to be done is really in the supply chain”, GustoMSC’s […]

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

Scottish public bodies appoint financial advisor for MeyGen tidal energy project

Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.

about 3 years ago
Illustration (Courtesy of BEIS)
Market Outlooks

UK outlines fifth contracts for difference structure and launches consultation for next

UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.

about 3 years ago
Illustration (Courtesy of US DOE)
Market Outlooks

Unites States makes available $10 million for lab-led marine energy research

The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has launched a $10.5 million call for new marine energy projects, expected to advance the research and development of this renewable energy industry.

about 3 years ago
Is there a silver bullet for the global energy crisis?
Market Outlooks

Is there a silver bullet for the global energy crisis?

Will countries need all the energy solutions they can get – oil, gas, solar, wind, nuclear, and hydrogen – to tackle this energy crisis?

about 3 years ago
Soren Skou
Market Outlooks

Maersk CEO Soren Skou steps down

The CEO of A. P. Møller – Mærsk A/S (Maersk) Soren Skou, who has led the transformation of the company from a diversified conglomerate to an integrated logistics company, is retiring. Vincent Clerc, currently CEO of the company’s Ocean & Logistic business, will succeed as CEO of Maersk effective 1 J

about 3 years ago
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