Netherlands-based Symphony Wave Power has secured new funding and investor support to further advance its wave energy technology.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
Some of the Bay of Fundy’s most exciting research continued this year in a large, collaborative effort to better understand how fish move through the Minas Passage and calculate the risk that they may encounter a tidal energy device.
TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to s
Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into the Brasse license in the northern North Sea. The aim of the partnership is to undertake a fast-track, low-cost review to assess whether a value accretive development concept can
In an op-ed piece, Tony Lewis, chief technology officer at OceanEnergy, sheds more light on the potential of wave energy and the expectations from the WEDUSEA project, being coordinated by the Ireland-based company.
UAE-based port operator AD Ports Group has joined forces with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to create a new offshore and tanker joint venture.
Japanese shipping major Mitsui O.S.K. Lines, Ltd. (MOL) has concluded a commitment line agreement through a transition-linked loan with Sumitomo Mitsui Banking Corporation (SMBC).
Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial
Engie’s Laborelec has placed the final order for a storage solution to Entech Smart Energies as part of the FORWARD2030 project, whose aim is to develop a multi-vector energy system and further advance floating tidal energy technology.
CB Fenton, part of Ultramar (Chile), and Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping have signed a Memorandum of Understanding with the aim of establishing a hub for LNG bunkering and small-scale LNG distribution in/out of Panama. The duo is now seeking a
Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent
Proteum Energy and Transitus Energy have signed a Letter of Intent (LOI) to explore joint development opportunities in the UK, Netherlands, Republic of Ireland, and Norway to produce low-carbon hydrogen. The parties intend on producing hydrogen from North Sea natural gas resources. Transitus said th
