ExxonMobil and its partner, China’s CNOOC, have not secured a victory in arbitration proceedings over U.S.-based Hess Corporation’s sale of interests in assets off the coast of Guyana. This clears the key merger hurdle in Chevron’s path, enabling it to bring Hess’ upstream portfolio into its fold.
Swedish wave energy developer CorPower Ocean has secured new strategic backing from Acario, the venture arm of Tokyo Gas, and GTT Strategic Ventures, part of French LNG tech group GTT, as part of its Series B funding round. The investment builds on CorPower’s earlier €32 million Series B1 raise, sup
Chinese plug-in hybrid electric vehicle manufacturer BYD’s roll-on/roll-off (RoRo) car carrier BYD Xi’an, hailed as one of the largest ships of its type in the world, has passed through the Suez Canal on its maiden voyage. The 219-meter-long vessel was launched in April this year, back-to-back with
The European Union (EU) and Papua New Guinea (PNG) have deepened their partnership with the launch of infrastructure projects focused on greening and modernizing Rabaul Port and expanding access to safe water.
Researchers at the University of Western Australia (UWA) have launched a national network of solar-powered wave buoys to improve data on wave-driven processes and coastal change. The network, part of the Integrated Marine Observing System (IMOS) Coastal Wave Buoys Facility, is led by Mike Cuttler an
EnQuest EP, a subsidiary of London Stock Exchange-listed energy player EnQuest, has secured a production sharing agreement (PSA) for Block C, covering three offshore fields in Brunei Darussalam, for which a final investment decision (FID) is anticipated to be reached within the next two years.
The UK National Grid has selected Sumitomo Electric Industries as the preferred bidder to supply and install 138 kilometers of subsea cable for Sea Link, a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk. Sumitomo Electric will perform the work out of its manuf
The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick in domestic energy to drive down costs by inciting new investments across all energy do
UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group
Australia’s hydrogen company Energys has received planning approval for its green hydrogen production facility in Hastings, Victoria.
The ship recycling industry in Türkiye has seen a wave of developments in recent months, drawing renewed scrutiny over safety practices, transparency, and environmental oversight, the Belgium-based NGO Shipbreaking Platform has shared. According to the organization, the spotlight is once again on Al
The Nuclear Energy Maritime Organization (NEMO), an organization focusing on the practical application of new nuclear solutions in the maritime industry, has received NGO Consultative Status at the International Maritime Organization (IMO) and a formal invitation to regularly participate in the Gene
Following its arbitration win in a case concerning the termination of a drilling contract off the coast of Nigeria, Scotland-headquartered offshore drilling contractor Dolphin Drilling has received the go-ahead to kick off the collection proceedings to obtain its arbitration award from Lagos-based G
Fugro has secured a seven-year framework agreement with Irish transmission system operator (TSO) EirGrid to perform surveys for a project that will develop offshore electricity substations and export cable routes to connect Ireland’s future offshore wind farms on the south coast to the national grid
