With the fuel transition underway, the shipping industry will need massive onboard technology investments ranging between $8 to $28 billion per year between 2022 and 2050 to reach full net-zero goals, a forecast released by the classification society DNV reports. DNV released its sixth maritime fore
API advocates for a ramp-up of U.S. oil and gas production to solve energy security and energy transition concerns.
Carbon capture and storage (CCS) has emerged as an important pathway to contribute to the global carbon dioxide (CO2) reduction goals and support energy transition efforts. In parallel, this has given the shipping and shipbuilding segments the opportunity to shine.
As the UK gets its new PM, OEUK believes this is an opportunity to accelerate energy transition with domestic oil & gas investments.
The partners in the EU-funded €3.4 million LiftWEC project have selected the final concept for a wave energy device, based on hydrodynamic lift forces, that will be put through its paces at the wave tank in Ecole Centrale de Nantes.
Marine Energy Wales has released its annual ‘State of the Sector Report’ which dives into the opportunities and economic benefits of the developing marine energy sector in Wales.
Dolphin Drilling has undertaken an equity issue to take advantage of increased day rates in the offshore drilling market.
With the global energy crisis unfolding and energy prices soaring, governments and companies are ramping up investments in renewables, energy efficiency and clean technologies.
Scottish marine energy specialist QED Naval is looking to establish its mainland operations base on the UK’s south coast.
US-based wave energy company CalWave Power Technologies has concluded its open-ocean wave energy pilot after 10 months of continuous operation off the coast of San Diego in California.
French pioneer of membrane-based tidal energy converters EEL Energy has closed an equity round, securing existing shareholders’ support and brining new international investors to the company.
US-based wave energy developer Oscilla Power has partnered up with the State of Hawaii and the University of Hawaii to test a new wave energy-powered emergency communication system.
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
