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New study pinpoints opportunities and challenges of OCCS to decarbonize shipping
Outlook & Strategy

New study pinpoints opportunities and challenges of OCCS to decarbonize shipping

The onboard carbon capture and storage (OCCS) technology has the potential to help maritime transport significantly reduce its greenhouse gas emissions; however, many challenges still need to be addressed, a new study has shown.

about 1 year ago
Source: North Sea Transition Authority (NSTA)
Authorities & Government

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 1 year ago
Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE
Business & Finance

Proteus Marine Renewables taps into govt-backed Alaska’s tidal power project

UK-based tidal energy company Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE) funding to evaluate Ocean Renewable Energy’s (ORPC’s) Cook Inlet sit

about 1 year ago
Statera Energy plans utility-scale green hydrogen project in UK
Business Developments & Projects

Statera Energy plans utility-scale green hydrogen project in UK

UK’s Statera Energy has submitted plans for a utility-scale green hydrogen project to be built in Aberdeenshire, Scotland.

about 1 year ago
Moray West Seaway7
Business Developments & Projects

Seaway7 wraps up cable work at 882 MW Moray West project

Seaway7 has finished the full engineering, procurement, installation, and commissioning (EPIC) work for the cables at the 882 MW Moray West offshore wind farm in Scotland. Seaway7 has installed 118 kilometers of 66 kV inter-array cables, linking the wind farm’s 60 turbines to two offshore substation

about 1 year ago
Rijeka Gateway
Business Developments & Projects

Croatia’s Rijeka Gateway terminal ready for renewable energy-powered future

The Rijeka Gateway terminal in Croatia, a joint venture between Danish shipping giant A.P. Moller-Maersk’s APM Terminals and Croatian investor Energia Naturalis (ENNA Group), has secured electricity from renewable energy sources to power the operations of its container terminal. The estimate is that

about 1 year ago
ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
Business & Finance

Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas

A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem

about 1 year ago
Germany
Authorities & Government

Germany accelerates climate-friendly shipping game

Germany’s government has unveiled the National Action Plan for Climate-Friendly Shipping to boost investments centered around maritime energy transition for the German industry.

about 1 year ago
main campus, NC State University
Business Developments & Projects

US researchers introduce software for enhancing marine hydrokinetic systems

US Researchers from North Carolina State University have developed a new modeling tool to help boost marine hydrokinetic projects by enhancing the design of ocean current turbines and providing risk assessments needed for permitting and insurance. According to the North Carolina State University, t

about 1 year ago
A large vessel at sea
Business & Finance

Brazilian oil & gas player getting corporate overhaul

The board of directors of Brazilian oil and gas firm 3R Petroleum Óleo e Gás has approved the execution of the protocols and justifications for the merger of its wholly owned subsidiaries Enauta Participações and 3R Operações Offshore.

about 1 year ago
COSL Prospector rig; Source: Canarship
Business & Finance

Norwegian oil & gas player cleared to deploy COSL rig for Barents Sea drilling activities

Vår Energi has received the all-clear from Norway’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations at three wells in the Barents Sea.

about 1 year ago
Isle of Man Ship Registry adds four new energy-efficient Berge Bulk vessels to fleet
Business Developments & Projects

Isle of Man Ship Registry adds four new energy-efficient Berge Bulk vessels to fleet

The Isle of Man Ship Registry (IOMSR) has registered four new energy-efficient Newcastlemax bulk carriers from Singapore-based dry bulk owner Berge Bulk.

about 1 year ago
HD Hyundai
Business Developments & Projects

HD Hyundai Heavy rolls out zero-carbon ammonia duel-fuel engine

South Korean shipbuilder HD Hyundai Heavy Industries has completed the model-based class approval testing for the ‘HiMSEN’ ammonia dual-fuel engine at its Engine Technology Center in Ulsan.

about 1 year ago
'Sizeable' subsea tieback development job lands on Subsea7's desk
Business Developments & Projects

‘Sizeable’ subsea tieback development job lands on Subsea7’s desk

Luxembourg-domiciled Subsea7 has secured yet another contract for work in the U.S. Gulf of Mexico, this time for a subsea tieback development with an undisclosed client. Under the contract defined as sizeable, meaning it is worth between $50 million and $150 million, Subsea7 is in charge of transpor

about 1 year ago
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