Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.
UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.
Singapore-based shipowner Eastern Pacific Shipping (EPS) has taken delivery of a 210,000 DWT dual-fuel bulk carrier from Chinese shipbuilder New Times Shipbuilding.
Prysmian has secured a circa €150 million contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for an interconnector that will link the islands of Milos, Folegandros and Santorini. The connection is part of Phase D of the Cyclades’ electrical interconnecti
Aibel has secured an extension for maintenance and modification (M&M) work on the Johan Sverdrup field in the North Sea off Norway.
Malaysian oil and gas major Petronas and the Dutch tank storage company Vopak have signed a memorandum of understanding (MoU) to develop the value chain for carbon capture and storage (CCS) in the Southeast Asia region. Under the MoU, the companies will jointly study the development of the CCS value
Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs
Three start-ups focusing on green technology have won the first three prizes at this year’s Smart Port Challenge, launched by the Maritime and Port Authority of Singapore (MPA) and the National University of Singapore (NUS). The first, second, and third-place winners under Port Innovation Ecosystem
Africa-focused energy company Tower Resources has received approval from the credit committee of a local Cameroon bank for a $7 million loan which should cover around 40 per cent of the cost of a well in the Rio Del Rey basin. Tower Resources Cameroon S.A (TRCSA) has been notified by BGFI Bank Group
The Swedish government has selected three Port of Gothenburg projects for a green transformation of shipping to constitute Sweden’s contribution to the international initiative Green Shipping Challenge.
US LNG export company Freeport LNG has provided an update on the ongoing reconstruction and resumption of operations at its natural gas liquefaction and LNG export facility in Texas. According to the company, the reconstruction work necessary to commence initial operations, including utilisation of
Japanese energy giant JERA has teamed up with compatriot shipping majors Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) on the transportation of fuel ammonia for the Hekinan Thermal Power Plant, expected to begin commercial operation in the late 2020s. The three companies signed M
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
Winter is almost here and concerns over the security of energy supplies are on the rise. Governments and industries are trying to find ways to tackle both energy and climate crises at the same time. The never-ending battle with new regulations to accelerate green energy programs and address high pri
