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Market Outlooks

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Illustration (Courtesy of IRENA)
Market Outlooks

IRENA: Greater international collaboration needed to get the world on net-zero track

International Renewable Energy Agency (IRENA) has released a new report, setting out urgent priorities to rapidly make more clean technologies the most affordable options in key sectors.

about 4 years ago
European countries eye stronger energy security with Black Sea interconnector
Market Outlooks

European countries eye stronger energy security with Black Sea interconnector

A feasibility study has been initiated for a new electricity subsea interconnector project that will link the South Caucasus region to the synchronous grid of Continental Europe, with the purpose of strengthening energy security in Europe.

about 4 years ago
CGM CGM Champs Elysees
Market Outlooks

Study: Shipowners opting for LNG risk $850 bln loss in stranded assets by 2030

The world’s rapidly growing fleet of ships that can burn liquefied natural gas (LNG) is at risk of financial losses of $850bn by 2030, according to a new study by UCL Energy Institute researchers. Namely, 65% of the newbuilding deliveries by 2025 is capable of running on LNG as a marine fuel, up fro

about 4 years ago
Rotterdam Port view
Market Outlooks

Top 3 issues on maritime leaders’ agenda

Decarbonization of shipping and new environmental regulations in the next decade combined with geopolitical issues and workforce and skill shortages have emerged as the top three issues dominating maritime leaders’ agendas. These are the findings of the fifth annual Global Maritime Issues Monitor jo

about 4 years ago
Aramco CEO calls for ramp up of oil & gas investments and ‘more credible’ transition plan to tackle energy security challenges
Market Outlooks

Aramco CEO calls for investments in oil & gas and ‘more credible’ energy transition plan

Ramp-up of oil & gas investments and a new energy transition plan are required for a secure and sustainable energy future, says Aramco’s CEO.

about 4 years ago
Illustration/Sabella's tidal turbine (Courtesy of Ocean Energy Europe)
Market Outlooks

Renewables associations call for removal of Innovation Fund’s ‘administrative barrier’

Ocean Energy Europe, along with 10 other renewable energy industry bodies, has sent a joint letter to European Commission, arguing that the Innovation Fund’s third call must recognize the full decarbonization potential of renewables.

about 4 years ago
Marine industry in dire need of regulations that invite capital into production of green fuels
Market Outlooks

Marine industry in dire need of regulations that invite capital into production of green fuels

The marine industry is moving too slowly in relation to decarbonisation, held back by a lack of regulations that would incentivise a quicker pick-up of synthetic fuels, MAN Energy Solutions’ Chief Sales Officer Wayne Jones has warned. Jones believes that without further action, global shipping might

about 4 years ago
Two contrasting scenarios depict challenges on the road to decarbonisation amid energy crisis
Market Outlooks

Two contrasting scenarios depict challenges to net-zero by 2050 amid energy crisis

A new report outlines challenges for the long-term energy transition outlook as the global energy crisis unfolds.

about 4 years ago
CorPower Ocean's PTO system for C4 wave energy device (Courtesy of CorPower Ocean)
Market Outlooks

CorPower Ocean’s PTO system for C4 wave energy device arrives to Portugal

CorPower Ocean has transported the power take-off (PTO) system for its novel C4 wave energy converter to Portugal, ahead of final integration and ocean deployment.

about 4 years ago
Illustration (Courtesy of European Commission/Photo by Mauro Bottaro)
Market Outlooks

European Parliament backs increased renewable energy target

Members of the European Parliament have adopted a new target for renewable energy, which raises the share of renewables in the EU’s final energy consumption to 45% by 2030, under the revision of the Renewable Energy Directive (RED).

about 4 years ago
Sam Roch-Perks, the founder and CEO of Simply Blue Group (Courtesy of CorPower Ocean)
Market Outlooks

Floating wind and wave energy for multi-use of sea as next step for Simply Blue Group, founder says

Sam Roch-Perks, the founder and CEO of blue economy developer Simply Blue Group, has shared his insights about the future of wave energy, emphasizing its potential for grid balancing when used in combination with established, but intermittent renewables, such as wind and solar.

about 4 years ago
Illustration (Courtesy of Curtis Rusch; US Department of Energy)
Market Outlooks

Marine energy research program for graduate students opens in the US

The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) and the Oak Ridge Institute for Science and Education (ORISE) have opened applications for the next cohort of students for the Marine Energy Graduate Student Research Program.

about 4 years ago
With green hydrogen investments MENA region can lead global steel decarbonisation, report finds
Market Outlooks

With green hydrogen investments MENA region can lead global steel decarbonisation, report finds

The Middle East and North Africa (MENA) region could emerge as a leader in global steel decarbonisation with investment in green hydrogen and renewable energy, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). As the global steel industry moves to swit

about 4 years ago
TransGlobe shareholders urged to vote for merger with Vaalco
Market Outlooks

TransGlobe shareholders urged to vote for merger with Vaalco

TransGlobe shareholders are being encouraged to vote in favour of the proposed business combination with Vaalco.

about 4 years ago
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