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Market Outlooks

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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
East by West
Market Outlooks

East By West Ferries sets sights on 2nd all-electric ferry

New Zealand-based ferry operator East by West Ferries has revealed plans to order a second all-electric passenger ferry from compatriot boat builder WEBBCo.

about 4 years ago
QatarEnergy
Market Outlooks

QatarEnergy awards seven LNG carrier contracts to four companies

MISC Berhad, NYK, K Line and CLNG have been awarded long-term time charter contracts by QatarEnergy for seven newbuild liquefied natural gas (LNG) carriers.

about 4 years ago
Oil & gas decom cost forecasts drop to around $54.2 billion
Market Outlooks

UK’s oil & gas decom cost forecasts drop to around $54 billion

UK’s NSTA says the decommissioning cost estimate on the UKCS has dropped 25 per cent to £44.5 billion (about $54.2 billion).

about 4 years ago
Westwood sees signs of recovery in high-impact exploration activity
Market Outlooks

Westwood sees signs of recovery in high-impact exploration activity

Westwood is seeing a rebound in high-impact exploration this year with expectations for it to pick up in the second half.

about 4 years ago
Chevron
Market Outlooks

Sky-high profits for U.S. oil majors Exxon and Chevron

U.S. oil and gas majors Chevron and ExxonMobil both posted record profits for the second quarter of the year.

about 4 years ago
Theo Devaney, director at Tydal Flyer, at LiR NOTF (Courtesy of the Selkie project)
Market Outlooks

Tidal Flyer performs tank tests at LiR NOTF as part of Selkie project

Irish tidal and river energy technology developer Tidal Flyer has tested its system at LiR National Ocean Test facility (NOTF), Ireland’s flagship facility for testing and development of offshore technologies, under the support of the Selkie project.

about 4 years ago
1MW OTEC Riser Installation at Pohang (Photo courtesy of IEA-OES/Photo by KRISO)
Market Outlooks

IES-OES spotlights ocean projects for heating, cooling and power production

The International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has published six interviews on successful projects around the world that take advantage of the temperature of the ocean for heating, cooling and power production.

about 4 years ago
Illustration/Oscilla Power’s Triton wave energy device concept (Courtesy of Oscilla Power)
Market Outlooks

US DOE awards $12M for marine energy and hydropower projects

The US Department of Energy (DOE) has awarded $12 million for marine energy and hydropower projects as part of its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program.

about 4 years ago
Extension of UK's National HVDC Centre officially opens
Market Outlooks

Extension of UK’s National HVDC Centre officially opens

The extension of SSEN Transmission’s simulation, testing and training centre for high-voltage direct current (HVDC) systems in Cumbernauld has officially opened. Established in 2017, the National HVDC Centre is the first facility of its kind in the UK and uses innovative technology to test the use o

about 4 years ago
Illustration (Courtesy of IECRE)
Market Outlooks

ENCORE releases courses to speed up innovation in marine energy

The ENCORE project and its partners have released a number of e-learning courses, designed to train and prepare talent to further advance the marine energy industry.

about 4 years ago
The Slow Mill – 40 deployed in the North Sea (Courtesy of Slow Mill Sustainable Power)
Market Outlooks

First Dutch wave energy device takes the North Sea test

For the first time ever, a Dutch-made wave energy converter has been installed in the coastal waters of the Netherlands by the company Slow Mill Sustainable Power, which plans to use the demonstration to further streamline its wave energy technology.

about 4 years ago
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