North American developer of green hydrogen projects EverWind Fuels has secured $22.5 million in funding from the Canadian government to develop marine and shore-side infrastructure at its Point Tupper terminal in Nova Scotia as part of the green hydrogen and ammonia project. The funding was awarded
WaveX, a renewable energy business, and Centre for Energy Research & Innovation (CERI) resident, has secured a Western Australia State Government Innovation Booster Grant (IBG) to accelerate the integration of advanced control systems into its D-Spar wave-powered generator. The competitive Innovati
UK’s remote robotics company HonuWorx is planning to develop a fleet of autonomous submarines that will perform services across the oil & gas, offshore wind, and defense sectors, targeting 50 units in the long term. In what the company describes as an industry-first, HonuWorx deployed a remotely ope
Considering the rising focus on energy security, Wood Mackenzie has pointed out that Britain could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.
SBM Offshore is closing in on the first oil milestone from its new FPSO unit as the vessel has reached Brazilian waters and will be deployed at a huge field in the pre-salt Santos Basin off the coast of Brazil, where it will work for Petrobras.
A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill.
Oriol Colomés Gené, Assistant Professor at Technische Universiteit Delft in Offshore Engineering, has received the NWO Vidi grant for the DigiOcean4Solar project to develop a first-of-its-kind digital ocean model designed to assess floating solar farms. DigiOcean4Solar, short for a Digital Ocean en
Galp has embarked on its second exploration and appraisal program in the Orange Basin where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia, which is situated close to recent discoveries made by Shell and TotalEnergies.
France-based geophysical services company Viridien, formerly known as CGG, and American oilfield services company SLB have partnered for the first time in Australia to gather data into the exploration and carbon storage potential of the Bonaparte Basin. Viridien reported on October 24 that the partn
Transocean has got hold of a new batch of contracts and extensions in the U.S. Gulf of Mexico, India, Norway, and Australia for six floaters, encompassing four drillships and two semi-submersible rigs.
French tidal energy company HydroQuest and tidal energy developer Normandie Hydroliennes have secured €51 million in Innovation Fund grants to advance two tidal energy projects in France’s Raz Blanchard. The funding, awarded under the Innovation Fund’s 2023 call, emphasizes the role of European sup
U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has raised $9.5 million in funding to advance the commercial demonstration of its patent-pending onboard carbon capture and storage solution (OCCS).
Public ferry service provider San Francisco Bay Ferry (SF Bay Ferry) has received a $12.5 million grant to set up electric vessel charging infrastructure at the Harbor Bay Ferry Terminal in Alameda as part of the Rapid Electric Emission-Free Ferry (REEF) Program. SF Bay Ferry’s REEF Program includes
In a bid to enhance energy efficiency and reduce its carbon footprint as part of broader strategy objectives, Canada’s Montreal Port Authority (MPA) has entered into a strategic partnership with SOFIAC, a local investment fund specializing in decarbonization.
