Swedish-Israeli wave energy developer Eco Wave Power has commenced sending clean electricity from its EWP-EDF One project to the Israeli National Electrical grid. Eco Wave Power has recently finalized the construction of the EWP-EDF One project in the Port of Jaffa which has a 100 KW installed capac
Shanghai-listed China COSCO Shipping Energy Transportation has finalized strategic shipbuilding contracts for six new tankers worth a total of $449 million ( approximately RMB 2.9 billion). Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy In
Russia’s liquefied natural gas (LNG) producer Novatek has begun production at its Arctic LNG 2 project despite U.S. sanctions, media company Bloomberg reported. According to Bloomberg, Russia’s Deputy Prime Minister Alexander Novak said in an interview with the state-run Rossiya 24 TV channel that t
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
DOF Group has signed a contract extension with Prime Energy Resources Development for a multipurpose platform supply vessel (MPSV) that is working offshore Philippines. Prime Energy has extended the contract for the provision of the MPSV Skandi Hawk to the end of 2027. DOF has been providing MPSV an
Talos Energy has kicked off production from two oil and natural gas deepwater discoveries in the U.S. Gulf of Mexico.
Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration of € 10 million. The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the
Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
China’s Wison Offshore & Marine has changed its name to Wison New Energies to “better represent” the company’s commitment to providing low-carbon technologies and solutions. Wison said the name change reflects the company’s vision about energy challenges and how to address them, adding that from the
Norwegian company Ocean Sun and its partners have launched an offshore floating solar demonstrator in La Palma, Spain. The BOOST (Bringing Offshore Ocean Sun to the global market) floating solar demonstrator uses Ocean Sun’s patented floating solar photovoltaics (FPV) technology and marks the final
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
Valaris has tucked a long-term contract in Brazil under its belt for one of its drillships, which will carry out operations for Petrobras.
Norway’s Ocean Installer has secured what it says is its second-largest contract in company history thanks to a deal with TotalEnergies in Angola. Ocean Installer, in consortium with Oceaneering, has secured a “significant” contract from TotalEnergies EP Angola and its partners of Block 17 to execut
In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss
