The University of Western Australia’s (UWA) Moored MultiModal Multibody (M4) wave energy converter (WEC) has passed a survival mode test, demonstrating its endurance in harsh offshore conditions. During testing on November 18, 2024, the device endured waves up to 2 meters high, achieving a maximum
South Korean shipping company HMM has welcomed two newbuild LNG-powered 7,700 TEU containerships chartered from Greek shipowner Navios. The two ships named HMM Ocean and HMM Sky were built by HJ Shipbuilding & Construction (HJSC) in South Korea under the shipbuilding order placed by Navios in 2022.
Navigator Holdings (Navigator Gas), a UK-based owner and operator of the ‘world’s largest’ fleet of Handysize liquefied gas carriers, has exercised its previously announced option to construct two further 48,500 cbm liquefied ethylene gas carriers (LEGCs) in China.
Wind propulsion specialist Norsepower has completed the installation of two rotor sails on Oceanus Aurora, a dual-fuel very large gas carrier (VLGC) owned by Japanese shipping company IINO Kaiun Kaisha (IINO Lines) and chartered by Austrian chemical company Borealis. Under the contract from March 20
Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said
ExxonMobil has pulled out of a block containing a gas discovery off the coast of Suriname and transferred its stake to its partner.
Scottish wave energy company Mocean Energy has clinched an engineering study with a “major energy operator” to further explore the integration of its Blue Star wave energy device into their project. According to Mocean Energy, this follows their first collaboration and builds on the growing potentia
Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Solar Energy Corporation of India (SECI) have signed a memorandum of understanding (MoU) to build cross-border hydrogen collaboration. The MoU sign
French designer and manufacturer of wind propulsion systems OceanWings has received approval in principle (AiP) from classification society Bureau Veritas (BV) for its ‘innovative’ wind propulsion technology.
Canada’s Africa Oil has boosted its ownership interest in Impact Oil & Gas, an Africa-focused exploration player with hydrocarbon exploration and appraisal assets in the Orange Basin off the coast of Namibia.
On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.
Velesto has joined forces with Petronas and NOV to enhance drilling operations by bringing robotics into play and boosting its jack-up fleet with a rig automation system.
Australia’s energy giant Santos has completed its two-well project forming part of an integrated development to commercialize the gas resources of Papua New Guinea.
LS Cable & System has signed a letter of intent (LOI) with Denmark’s Copenhagen Infrastructure Partners (CIP) for the supply of offshore cables for the Haewoori Offshore Wind 3 project in South Korea. The Haewoori floating offshore wind project is planned to be built in three phases, with a total ca
