Swedish wave energy technology developer CorPower Ocean has secured up to €17.5 million in funding from the European Innovation Council (EIC) Accelerator to support commercializing its wave energy solutions. The company noted that the funding package includes a €2.5 million grant and a €15 million p
Construction has commenced on the Eastern Green Link 1 (EGL1) subsea electricity superhighway in the UK, which will transport green electricity for two million homes along over 190 kilometers of predominantly undersea cable linking the south-east of Scotland with the north-east of England. The 2 GW
Although Europe’s maritime industry has made progress in cutting energy use and reducing certain pollutants, greenhouse gas (GHG) emissions as well as biodiversity conservation remain a ‘gargantuan’ challenge, a new report has stressed. According to the second edition of the European Maritime Transp
Chevron and its partners, BG Cyprus (Shell) and NewMed Energy, have given their blessing, together with the government of Cyprus, for an updated development plan of an offshore gas field reservoir in Block 12 located in the Eastern Basin of the Mediterranean Sea.
Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas bidding round.
Equinor has been granted approval by the New York State Public Service Commission (NYPSC) to build and operate offshore and onshore transmission facilities for the 816 MW Empire Wind 1 offshore wind project. The overall transmission line for the Empire Wind 1 offshore wind project runs approximately
Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR
The Government of Canada is advancing green shipping initiatives along British Columbia’s coastline with up to C$35.5 million (circa $24.8 million) in funding to support three projects investing in clean technology and port infrastructure. As disclosed, the funding will be provided under Canada’s Gr
Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland.
Germany’s Deutsche ReGas has pulled the plug on a charter deal for one of two floating storage and regasification units (FSRUs) currently operating at the ‘Deutsche Ostsee’ (German Baltic Sea) energy terminal in Mukran.
Equatorial Guinea’s Ministry of Mines and Hydrocarbons is set to launch a new oil and gas licensing round to up the country’s offshore exploration and production ante.
The government of South Korea has laid out a plan to invest about KRW 222.3 billion (circa $152.89 million) to support the construction (or conversion) of 81 environmentally friendly vessels. According to the nation’s Ministry of Ocean and Fisheries (MOF), KRW 163.5 billion has been set aside from t
Industry players have welcomed a new report that highlights the potential of Scotland’s wave and tidal energy sector to generate up to £8 billion (almost $10 billion) for the economy by 2050, supporting more than 15,000 direct jobs and driving investment in coastal communities. Commissioned by Highl
TotalEnergies has struck a new deal with India’s state-owned oil and gas company, Gujarat State Petroleum Corporation (GSPC), to provide around six liquefied natural gas (LNG) cargoes for ten years.
