Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost reductions, revenue generation, and a strengthened financial position. The company raised $3 million through a registered direct offering, bolstering its financial resources. Operating expenses fell by 7
UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring.
UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.
Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.
San Diego-headquartered Flagship Cruises & Events has clinched $15.2 million funding from the California Air Resources Board (CARB) to develop a pair of fully electric zero-emission ferries to serve the San Diego to Coronado route. As disclosed, the CARB Advanced Technology Demonstration and Pilot P
Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connecti
SBM Offshore has picked EnerMech for pre-commissioning work on a floating production, storage, and offloading (FPSO) vessel, which will be deployed on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.
Swedish shipping company Torghatten AB has contracted Finnish shipbuilder Työvene to construct two battery-hybrid passenger vessels.
The southwestern Baltic Sea contains 3,000 kilograms of toxic chemicals leaking from unexploded ordnance (UXO), according to a GEOMAR Helmholtz Centre for Ocean Research Kiel study. Without intervention, contamination will increase as metal casings corrode, continuously releasing toxic compounds for
Lhyfe and INOCEL have signed a contract covering the supply of up to 140 tonnes of green hydrogen over a period of four years for the test benches of fuel cells manufactured by INOCEL.
Singapore-headquartered offshore, marine, and energy solutions provider Seatrium has completed a carbon capture and storage (CCS) retrofit project for Japanese shipping company Mitsui O.S.K. Lines (MOL), installing an onboard CO2 capture system on an LR1 product tanker.
UK-headquartered energy giant Shell has announced leadership changes, including the stepping down of its Integrated Gas and Upstream Director.
Liquefied natural gas (LNG) is (re)gaining regulatory support in the United States, with the country’s Department of Energy (DOE) having removed the barriers standing in the way of using LNG as a marine fuel to power ships. As informed, the Department of Energy’s oversight was withdrawn under the Na
Norwegian oil and gas player Vår Energi has found no hydrocarbons in an exploration well located in the North Sea off the coast of Norway.
