Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. F
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
Andorra-based marine battery maker AYK Energy has opened a new 5000 sqm factory in Zhuhai, China, to boost the company’s production capacity. According to AYK Energy Founder Chris Kruger, the factory will ramp up the capacity, using a new automated manufacturing system, to 300 MWH a year, with the a
Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.
Chinese shipbuilder Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has received Approval in Principle (AIP) certifications from major international classification societies for three cutting-edge ship designs. These include a 98,000 cbm liquefied ammonia c
On 25 July, tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon Kaiyosha, conducted its last bunkering at Yokohama Shinko pier as a vessel fueled by liquefied natural gas (LNG).
SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter
Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024.
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.
Seaspan Corporation and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), in collaboration with Foreship, have received Approval in Principle (AiP) from classification society American Bureau of Shipping (ABS) for the design of a 15,000 TEU ammonia-powered containership. The cert
Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the terminal’s 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year has been allocated to four customers from Lithuania and
Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has secured a contract for the construction of two product carriers.
Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa
