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Illustration; Source: ExxonMobil
Authorities & Government

ExxonMobil: Europe needs policy change not deindustrialization to be ‘attractive’ decarbonization playground

The president of ExxonMobil’s European arm is adamant that Europe needs industry to deliver the right set of climate tools and solutions.

about 2 years ago
TECO 2030 onboard compressed hydrogen fuel systems get DNV’s blessing
Business Developments & Projects

TECO 2030 onboard compressed hydrogen fuel systems get DNV’s blessing

TECO 2030 has won an additional approval in principle (AiP) from classification society DNV for its compressed hydrogen fuel systems.

about 2 years ago
Norway and Singapore strengthen hydrogen ties
Authorities & Government

Norway and Singapore strengthen hydrogen ties

The Norwegian Hydrogen Forum (NHF) and the Hydrogen and Fuel Cell Association of Singapore (HFCAS) have agreed to strengthen collaboration.

about 2 years ago
Hyflex
Business Developments & Projects

Hydrogen fuel cell, battery-enabled Hyflex could replace fossil fuel solutions, tests confirm

Several project partners have conducted a joint field test to demonstrate the latest innovation in hydrogen-electric power infrastructure — a containerized hydrogen fuel cell and battery solution.

about 2 years ago
Italy's Saipem and Fincantieri jointly pursuing subsea robotics
Business & Finance

Italy’s Saipem and Fincantieri jointly pursuing subsea robotics

Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed

about 2 years ago
UK engineering start-up gets financial boost for new wind propulsion system
Business & Finance

UK engineering start-up gets financial boost for new wind propulsion system

UK-based maritime engineering start-up WingTek, in collaboration with the University of Bristol and the National Composites Centre, has won a £2.2 million ($2.7 million) innovation grant for the development of a new wind auxiliary propulsion (WAP) system.

about 2 years ago
Minesto sees slight decline in operating income, widens operating loss
Business & Finance

Minesto sees slight decline in operating income, widens operating loss

Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2

about 2 years ago
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Business & Finance

Lhyfe secures €149 million grant for green hydrogen plant near Le Havre

Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.

about 2 years ago
Texas LNG inks 20-year LNG offtake deal with Gunvor
Business & Finance

Texas LNG inks 20-year LNG offtake deal with Gunvor

Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.

about 2 years ago
Oneka Technologies' P-class unit at sea (Photo by Oneka Technologies/Courtesy of Marine Renewables Canada)
Collaboration

NHA and MRC forge partnership to advance marine energy development

U.S. National Hydropower Association (NHA) and Marine Renewables Canada (MRC) have inked a memorandum of understanding (MoU) to improve the development of marine energy resources. This partnership emphasizes the commitment of both organizations that are dedicated to advancing marine energy solutions

about 2 years ago
ESL Shipping
Infrastructure

ESL Shipping offloads Supramax duo to drive green transition

Finland-based shipping company ESL Shipping has signed a memorandum of understanding (MOU) to sell its two Supramax class vessels in an effort to accelerate the green transition.

about 2 years ago
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Business & Finance

Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program

Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
Contract extension to bring 2009-built Siem vessel outside North Sea
Business & Finance

Under contract extension, 2009-built Siem vessel to work outside North Sea

Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension for utilization for a period reaching towards the end of Q4 2024. Commencement will be in direct con

about 2 years ago
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