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Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business Developments & Projects

Eco Wave Power to secure first Indian wave energy deal

Wave energy developer Eco Wave Power has unveiled that it will sign a collaboration agreement with a Fortune 500 Indian company for the first wave energy pilot project in Maharashtra, India. Alongside the agreement, the company will showcase its wave energy generation model in New Delhi, demonstrat

about 1 year ago
NAGA 8 rig; Source: Velesto
Authorities & Government

Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era

Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion by dipping its toes into robotics and eyeing potential d

21 minutes read
ADNOC
Authorities & Government

European Commission urged to reassess hydrogen policy

Hydrogen Europe and 16 other European associations working on the development of the hydrogen market have called on the European Commission to revise the bloc’s hydrogen policy.

about 1 year ago
Hapag-Lloyd
Business & Finance

Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships

German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards. As explained, the green financing comprises four elements. The German container shipping

about 1 year ago
Pacific Scirocco drillship; Source: Noble
Business & Finance

Noble pulling cold-stacked drillship duo from drilling duty for good

Noble Corporation has outlined plans to permanently put out of drilling work two cold-stacked drillships, as part of its cost and fleet optimization quest.

about 1 year ago
India
Authorities & Government

India aims to spend up to $3B to boost domestic maritime sector

India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector.

about 1 year ago
CAPITAL expands fleet with two LNG-ready tankers
Business Developments & Projects

CAPITAL expands fleet with two LNG-ready tankers

Greece’s Capital Ship Management Corp (CAPITAL) has expanded its fleet with two new LNG-ready eco-type crude oil/product carriers.

about 1 year ago
LoqTech
Business Developments & Projects

WinGD’s on-engine NOx abatement solution set for market debut

The on-engine NOx reduction solution for marine two-stroke engines, designed by Swiss marine power company WinGD, has received type approval and is set for first-time deployment on commercial engines.

about 1 year ago
IMO
Environment

IMO PPR 12: Bunker ships set to carry higher percentage of biofuel blends under new rules

Following the IMO Sub-Committee on Pollution Prevention and Response (PPR 12) session, bunker ships certified as oil tankers are set to be permitted to carry biofuel blends containing up to 30% biofuel. As informed, the PPR session was held in London from January 27 to 31, 2025, featuring discussion

about 1 year ago
Shell's FPSO Penguins; Source: Sevan
Business & Finance

Shell’s new North Sea FPSO brings UK’s oil & gas field back online

Shell has put into operation mode its first new FPSO in the North Sea after more than two decades have gone by since its previous one.

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Business & Finance

Samsung Heavy Industries gives tank design job to French firm for new LNG vessel

Gaztransport & Technigaz (GTT) has expanded its workload with a new tank design assignment for a liquefied natural gas (LNG) carrier, thanks to a deal with South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
Projects exploring ammonia bunkering in Norway receive Enova funding boost
Business & Finance

Projects exploring ammonia bunkering in Norway receive Enova funding boost

Norwegian government enterprise Enova has picked 15 projects investigating investments in ammonia bunkering facilities along the Norwegian coast to receive pre-project support.

about 1 year ago
Morlais demonstration zone (Courtesy of Welsh government)
Authorities & Government

Wales backs Morlais tidal energy project with almost $10M

The Welsh Government has invested £8 million (around $9,9 million) as an equity stake in the Morlais tidal energy project, set to be the largest tidal scheme in Europe, to support its expansion and strengthen grid connections. Menter Môn, the social enterprise behind Morlais, is developing the site

about 1 year ago
WAPS
Market Outlooks

DNV: Industry innovation, stricter regulations drive WAPS uptake

Orders for wind-assisted propulsion systems (WAPS) are set to accelerate in the coming years due to a surge in industry interest combined with systems builders and yards scaling up production and installation capacity, classification society DNV said.

about 1 year ago
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