Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.
The world is moving away from fossil fuels and so is the maritime industry. Ports — being an important maritime segment — are facing significant changes. For the German port sector, the transformation is seen as a mammoth task that lies ahead.
The UK’s competition regulator is looking into the proposed merger between offshore drilling giants, Noble Corporation and Maersk Drilling.
The U.S. Coast Guard has rescued nine oil workers trapped on a jack-up rig near Sabine Pass, Texas following a fire.
Swedish-Israeli company Eco Wave Power has welcomed the ambassador of Portugal to Israel Jorge Cabral on a site visit to the EWP-EDF One wave energy project being developed in Israel.
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine.
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
A proposal for £7 billion tidal lagoon project, to be developed by private sector off the coast of Conwy and Denbighshire in North Wales, has received unanimous ‘support in principle’ from Denbighshire County Council.
The European Commission has approved the proposed merger between Finnish engineering majors Cargotec and Konecranes.
Two Russian commercial cargo ships have been targeted by Ukrainian missiles in the Sea of Azov, several Russian news agencies reported, citing the country’s Federal Security Service’s (FSB) border department for the Krasnodar Territory as saying.
Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
EDP Renewables (EDPR) has met all regulatory conditions to acquire a 91% stake in Sunseap, the largest distributed solar power operator and the fourth largest solar power operator in Southeast Asia.
Wheels are in motion for the Equinor-operated Rosebank project located West of Shetland, one of the largest undeveloped fields on the UKCS.
