Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded the acquisition of a 40 percent stake in Waterfront Shipping WFS), a subsidiary of Canadian methanol producer and supplier Methanex Corporation.
Pilot Energy and Triangle Energy have abandoned their plans under which Pilot would farm out an exploration permit off Australia to Triangle.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has joined Global CCS Institute (GCCSI), an international think tank.
Edinburgh-based engineering consultancy Quoceant has boosted its mechanical engineering team with two new hires.
Classification society ABS and shipbuilder Nakilat – Keppel Offshore & Marine (N-KOM) have launched a joint development project (JDP) to examine how ABS-developed techniques of remote surveys of in-service vessels can be applied to surveys and inspections in the shipyard.
Verlume, a UK-based intelligent energy management and storage technologies specialist, has received a €3 million investment from a consortium led by Par Equity.
UK tidal energy project developer SBS has received approval to start the feasibility study for the Larantuka Strait tidal energy project in Indonesia.
Eco Wave Power has completed the cabling works required to connect the wave energy project, being developed in collaboration with EDF, to Israeli power grid.
The joint industry project launched in June 2021 to test biofuel blend (B30) derived from renewable feedstock to power a d’Amico Group LR1 product tanker, showed positive findings in terms of the reduction of CO2 emissions, reduced carbon intensity, and stable NOx emissions.
UK-based tidal energy developer SBS has signed a two-year memorandum of understanding (Mou) with state-owned enterprise Indonesia Power for the development of tidal energy projects in Larantuka and Boleng straits.
German-based company BELECTRIC has secured a contract to build a 16.8MWp floating solar power plant for S’energy and the large-scale water utility in Israel.
ExxonMobil is reorganising its business structure to improve effectiveness and reduce costs and moving its headquarters.
Under the auspices of the Marine Energy Alliance (MEA) project, a French start-up HelioRec worked together with Irish techno-financial analysis provider Exceedence on the assessment of levelized cost of energy (LCOE) and key cost drivers for the company’s floating solar technology.
Sustainable Marine has returned to work at the Grand Passage in the Bay of Fundy to connect its next-gen floating tidal energy platform PLAT-I to Nova Scotia’s power grid.
