North American developer of green hydrogen projects EverWind Fuels has secured $22.5 million in funding from the Canadian government to develop marine and shore-side infrastructure at its Point Tupper terminal in Nova Scotia as part of the green hydrogen and ammonia project. The funding was awarded
Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuild liquefied natural gas (LNG) carrier at the Geoje Shipyard of South Korea’s shipbuilder Hanwha Ocean. With the naming ceremony out of the way, the next item on the agenda for MOL’s Marvel Swallow LNG carrier, s
WaveX, a renewable energy business, and Centre for Energy Research & Innovation (CERI) resident, has secured a Western Australia State Government Innovation Booster Grant (IBG) to accelerate the integration of advanced control systems into its D-Spar wave-powered generator. The competitive Innovati
Classification societies DNV and Indian Register of Shipping (IRS) have become members of the Nuclear Energy Maritime Organization (NEMO), an association focused on advancing the integration of nuclear technology in maritime. NEMO was created earlier this year by a group of companies interested in d
UK’s remote robotics company HonuWorx is planning to develop a fleet of autonomous submarines that will perform services across the oil & gas, offshore wind, and defense sectors, targeting 50 units in the long term. In what the company describes as an industry-first, HonuWorx deployed a remotely ope
Greek shipping company Globus Maritime has signed, through two separate subsidiaries, memoranda of agreement to acquire two Kamsarmax scrubber-fitted dry bulk vessels.
Considering the rising focus on energy security, Wood Mackenzie has pointed out that Britain could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.
SBM Offshore is closing in on the first oil milestone from its new FPSO unit as the vessel has reached Brazilian waters and will be deployed at a huge field in the pre-salt Santos Basin off the coast of Brazil, where it will work for Petrobras.
The Netherlands-based shipping company Longship has taken delivery of the second of a series of four ultra-low-emission, diesel-electric newbuildings from Türkiye’s Atlas Shipyard. As disclosed, the 8,600 dwt general cargo vessel, dubbed the Longeon, was handed over on October 25, 2024. It is part o
Despite the promising progress of wind propulsion in shipping, its uptake remains hindered by regulatory barriers, technical challenges, and a lack of confidence among industry stakeholders, classification society Bureau Veritas (BV) said in a recent report.
A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill.
French maritime firm Louis Dreyfus Armateurs (LDA) has celebrated the beginning of the construction of the first low-carbon roll-on /roll-off (RoRo) vessel to be chartered to European aerospace giant Airbus. The steel cutting ceremony for the first of three low-carbon vessels equipped with wind-assi
Oriol Colomés Gené, Assistant Professor at Technische Universiteit Delft in Offshore Engineering, has received the NWO Vidi grant for the DigiOcean4Solar project to develop a first-of-its-kind digital ocean model designed to assess floating solar farms. DigiOcean4Solar, short for a Digital Ocean en
Galp has embarked on its second exploration and appraisal program in the Orange Basin where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia, which is situated close to recent discoveries made by Shell and TotalEnergies.
