In 2021, Norwegian state-owned energy giant Equinor paid $8.9 billion dollars in corporate tax to authorities.
Swedish green electrofuel development company Liquid Wind has raised €15.2 million in Series B financing that will build its capabilities and develop projects for decarbonising the maritime industry. Liquid Wind said that the existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and o
UK-based tidal energy developer HydroWing has signed a memorandum of understanding (MoU) with state-owned company Indonesia Power to support and develop tidal energy projects in Indonesia.
South Korean cable manufacturer LS Cable & System has completed official certification for its 525 kV cross-linked polyethylene (XLPE) high-voltage direct current (HVDC) system. According to the company, the long-term reliability (pre-qualification) test of the HVDC submarine and underground cables
A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has held a naming ceremony for two dual-fuel very large crude oil carriers (VLCCs) equipped with liquefied natural gas (LNG) fuel tanks made of high manganese steel.
SBM Offshore has started the construction of topside modules for the ONE GUYANA FPSO, which is its largest vessel so far.
Greek shipping company Minerva has taken delivery of the newbuild liquefied natural gas (LNG) carrier Minerva Amorgos. The delivery took place on 14 October at Samsung Heavy Industries in Geoje, South Korea. Minerva Amorgos is a 174,000 m3 LNG carrier which features WinGD XDF propulsion, Mark III Fl
Marine geophysical service provider PXGEO has completed a five-month ocean bottom node (OBN) project in the North Sea. “Operating in a high production simultaneous triple ROV mode, the project was successfully executed around subsea and surface infrastructure with industry-leading safety, environmen
Grimaldi Group has secured two loans, totaling €70 million, from the Intesa Sanpaolo bank for the purchase of two vessels belonging to the Grimaldi Green 5th Generation (GG5G) class.
Danish renewables developer European Energy has received €53 million from the Danish Green Investment Fund (DGIF) for its upcoming Power-to-X (PtX) facility in Kassø, which will be the largest e-methanol facility in the world to date. The financing from the fund is part of the total investment in th
Finland-based cleantech firm Norsepower has partnered with NAPA, a provider of maritime software, services, and data analysis, to demonstrate the combined benefits of using their technology solutions, Norsepower’s rotor sail and NAPA’s Voyage Optimisation.
Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.
Prosafe has submitted the most competitive offer in a bidding process for a 650-day firm period contract by Petrobras in Brazil.
