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Market Outlooks

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UK firm sets up dedicated energy transition consultancy
Market Outlooks

UK firm sets up dedicated energy transition consultancy

UK engineering and management services provider Penspen has launched its Energy Transition Consultancy which will be dedicated to advising clients on low carbon-related opportunities. Penspen said its energy transition work is built around four pillars of expertise, including building new hydrogen a

about 3 years ago
WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying ops wind down
Market Outlooks

WATCH: Türkiye edging closer to first gas from giant Black Sea project as pipe laying work wraps up

Türkiye has finished laying pipes in the Black Sea as part of its giant Sakarya gas field project development, which is seen as one of the country’s largest energy projects ever built. As a result, the project is on track to achieve the first gas in the first quarter of 2023.

about 3 years ago
EU Parliament
Market Outlooks

Shipping sector: EU ETS must adopt life-cycle approach on green fuels

Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter

about 3 years ago
Illustration/InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Market Outlooks

Ocean Harvesting scores €2 million grant for wave energy device validation

Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.

about 3 years ago
Three brand new jack-up rigs to join UAE drilling giant’s fleet
Market Outlooks

Three brand new jack-up rigs to join UAE drilling giant’s fleet

UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.

about 3 years ago
Illustration/Sabella's D10 tidal energy turbine being deployed in France (Courtesy of Sabella)
Market Outlooks

Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics

Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.

about 3 years ago
UK's oil and gas tax changes to 'hit industry hard', OEUK warns
Market Outlooks

UK’s oil and gas tax changes to ‘hit industry hard’, OEUK warns

The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU

about 3 years ago
The illustration of the 500kWp Merganser offshore floating solar system (Courtesy of SolarDuck)
Market Outlooks

Netherlands boosts industry consortium with €7.8M for offshore floating solar development

Dutch-Norwegian company SolarDuck and its consortium partners have received a €7.8 million project subsidy from the Netherlands Enterprise Agency (RVO) to develop, test and validate the Merganser floating solar energy platform in harsh North Sea weather conditions.

about 3 years ago
Robert Heron, Verlume's product manager (Courtesy of Verlume)
Market Outlooks

Verlume rebrands energy management system and sets up new product manager role

Verlume, a specialist in clean energy system integration, intelligent energy management and energy storage, has appointed Robert Heron to the new role of product manager to help position the business for growth at scale.

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

Dutch and Australians form marine energy partnership

Dutch Marine Energy Centre (DMEC) and Australian Ocean Energy Group (AOEG) have entered into formal collaboration with the joint goal to accelerate international development of the ocean energy industry.

about 3 years ago
L to R: Jeremy Smith; Keith Murray (Courtesy of QED Naval)
Market Outlooks

QED Naval collects over €1.7 million as tidal power picks up pace

QED Naval, a Scotland-based tidal energy company, has secured over €1.7 million of funding with 1,152 investors taking part in its Seedrs crowdfunding campaign.

about 3 years ago
MPS’ hybrid farm featuring offshore wind and wave energy technologies (Courtesy of MPS)
Market Outlooks

Marine Power Systems seeks design engineering help

Welsh company Marine Power Systems (MPS) is seeking a graduate design engineer to provide design support to its design and engineering team.

about 3 years ago
Wello's Penguin wave energy device (Courtesy of Wello)
Market Outlooks

Wello inks deal to deploy 12MW wave energy park in Taiwan

Finnish company Wello has signed a contract with Sin Mao Group to deploy a 12MW wave energy park in Taiwan.

about 3 years ago
Masdar: African hydrogen market primed to boost GDP by $120 billion and create up to 3.7 million jobs by 2050
Market Outlooks

Masdar: African hydrogen market primed to boost GDP by $120 billion and create up to 3.7 million jobs by 2050

Africa has the potential to capture as much as 10% of the global green hydrogen market, helping to create up to 3.7 million jobs and adding as much as $120 billion to the continent’s gross domestic product (GDP), according to a new report by Abu Dhabi’s renewable energy company Masdar. The landmark

about 3 years ago
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