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Market Outlooks

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Rystad says this year’s high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’ ever recorded
Market Outlooks

Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’

Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.

about 4 years ago
Illustration/Wind and wave renewable energy platforms (Courtesy of Exowave)
Market Outlooks

Exowave and Semco Maritime form strategic partnership for wave energy

Danish wave energy start-up Exowave has teamed up with international offshore energy services provider Semco Maritime to build the future wave energy sector’s value chain.

about 4 years ago
Illustration/TTI’s NetBuoy during tank trials (Courtesy of Wave Energy Scotland, one of the participants in WPTO workshop)
Market Outlooks

New materials and manufacturing processes as stepping stone for marine energy commercialization

US Department of Energy (DOE) has released a summary report featuring insights of more than 100 participants of the workshop that analyzed the potential of new materials and manufacturing processes to accelerate the commercialization of marine energy.

about 4 years ago
U.S. energy bill wins environmentalists over as ‘huge step forward’ but comes under fire from oil & gas lobby
Market Outlooks

U.S. energy bill wins over environmentalists but not oil & gas lobby

The new U.S. energy bill is celebrated by environmentalists but the oil & gas lobby sees it as a detriment to investment in fossil fuels.

about 4 years ago
Germany
Market Outlooks

Germany secures LNG supply via chartered FSRUs

Germany has formally confirmed its intention to have liquefied natural gas (LNG) terminals in Brunsbüttel und Wilhelmshaven ready at the turn of the year 2022/2023.

about 4 years ago
Asia
Market Outlooks

IEEFA: High LNG prices affect demand growth in Asia

Sustained high prices over the past year have eroded the economic case for liquefied natural gas (LNG) and hurt LNG sales in key Asian markets, a new report released by the Institute for Energy Economics and Financial Analysis (IEEFA) shows.

about 4 years ago
Tank testing of INSPIRE platform – a floating hybrid renewable energy platform (Courtesy of Bombora Wave Power)
Market Outlooks

Bombora wraps tank trials of its floating hybrid energy platform

Bombora Wave Power has completed tank testing of its floating foundation system suitable for the InSPIRE solution, which combines the mWave wave energy technology with a wind turbine onto a single floating offshore platform.

about 4 years ago
Setbacks in sourcing goods due to sanctions sour Russia-Iran $40 bln deal, says Rystad
Market Outlooks

Sanctions-induced setbacks in sourcing goods sour Russia-Iran $40 bln deal, says Rystad

Sanctions imposed on Iran and Russia will hamper the sourcing of goods for the development of Iranian offshore gas fields, says Rystad.

about 4 years ago
Ocean Observing Prize prototypes' testing at MASK (Courtesy of US DOE)
Market Outlooks

Three marine energy companies advance to next stage of US ocean observing prize

The US Department of Energy (DOE) has unveiled the winners of $500,000 cash prize in the second phase of the Ocean Observing Prize competition, established to help develop solutions that use marine energy to power hurricane-monitoring systems.

about 4 years ago
UK trade body calls on govt to prioritise domestic energy production
Market Outlooks

UK trade body calls on govt to prioritise domestic energy production

As sanctions lead to supply and price shocks, Offshore Energies UK has urged the UK government to prioritise domestic energy production.

about 4 years ago
Triton-C being prepared for WETS deployment (Courtesy of Oscilla Power)
Market Outlooks

Oscilla Power secures $500K in ongoing crowdfunding campaign

US-based wave energy company Oscilla Power has raised over $500,000 in an ongoing crowdfunding campaign on StartEngine platform.

about 4 years ago
Illustration (Courtesy of US DOE)
Market Outlooks

US DOE sets aside $10 million to advance marine energy innovation

The US Department of Energy (US DOE) has published a notice of intent to issue a $10 million funding opportunity to support innovation in the marine energy sector and contribute to the development of stronger blue economy markets.

about 4 years ago
Rystad: U.S. bill to bolster domestic energy security with no forthcoming respite for industry costs
Market Outlooks

Rystad: U.S. bill to bolster energy security with no respite for industry costs in sight

The U.S. Inflation Reduction Act will boost domestic energy security while offering no respite for energy industry costs, forecasts Rystad.

about 4 years ago
API urges investment in expanding American oil & gas production to ensure energy security
Market Outlooks

API urges investment in expanding American oil & gas production to ensure energy security

The American Petroleum Institute (API) believes ramping up domestic production is the answer to the global supply and demand imbalance.

about 4 years ago
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