The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen
The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.
Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut
Enauta has received a letter from Yinson, notifying about the exercise of an option to acquire an FPSO, which will operate at its field off Brazil.
Cyprus-headquartered seismic firm SeaBird Exploration has secured a two-year contract with a repeat client for services spanning several projects in the Western Hemisphere. Seabird reported on 14 July that it had signed a Letter of Award (LoA) for ocean bottom node (OBN) source services, with the co
The article is written by FICEP Group. Wind energy is certainly one of the key drivers for reducing CO2 emissions by 2050. To move towards this horizon, many nations are investing significant capital in the construction of onshore and offshore wind farms: the developers of these farms rely on compan
The Crown Estate and the Centre for Environment, Fisheries, and Aquaculture Science (Cefas) have released a report which aims to help stakeholders involved in offshore wind developments better assess the impacts of electromagnetic fields (EMFs) from subsea power cables on the marine environment. Acc
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the fifth liquified natural gas (LNG) dual-fuel 210,000 dwt newcastlemax newbuild from New Times Shipbuilding (NTS).
Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr
ExxonMobil is getting its hands on – what it deems to be – the largest owned and operated CO2 pipeline network in the United States.
OMV Norge, a subsidiary of Austria’s oil and gas company OMV, has appointed Shearwater GeoServices to conduct a “pioneering” towed streamer survey with ocean bottom nodes (OBN) over its gas and condensate discovery offshore Norway. Under the contract, Shearwater is set to begin the hybrid survey ove
UAE-based shipping company Transworld Group and Hong Kong-based ship management company Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. The JV will provide dedicated technical management services to Transworld Group’s fleet which includes c
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has signed a contract for 20 MW of alkaline electrolyser equipment for about €9 million with Hyd’Occ for its project in Port-La-Nouvelle, France. The 20 MW electrolyser will supply renewable hydrogen to local industry and transportation in
Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.
