Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted
An 18-member consortium, coordinated by French hydrogen producer Lhyfe, has launched a new project to establish an advanced green hydrogen valley in Western France. The project has received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking. The project c
Classification society Indian Register of Shipping (IRS) has signed a memorandum of understanding (MOU) with local shipbuilder Garden Reach Shipbuilders & Engineers Limited (GRSE) to jointly work on the development of autonomous and green energy vessels.
German engine manufacturer MAN Energy Solutions and China Classification Society (CCS) have signed a sub-agreement that will support the development project for the new MAN 21/31 dual-fuel methanol (DF-M) engine.
Danish company Wavepiston and Export Barbados (BIDC), an agency of the Barbados Government, are set to explore the deployment of wave energy farms offshore Barbados. According to Wavepiston, Barbados and most of the Caribbean region hold a large potential for wave energy. Barbados has set a net-zero
Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz
Blue Orca Marine, a Canadian pioneer in zero-emission sustainable marine solutions, has entered into a strategic partnership with San Francisco-based VALO (also known as Boundary Layer Technologies) to propel hydrofoil innovation.
The European first major hydrogen corridor, the so-called H2Med project comprised of hydrogen interconnection between Portugal and Spain and a subsea pipeline connecting Spain and France (BarMar), is entering the next phase of its development with contracts for preliminary engineering and environmen
Japan Petroleum Exploration (JAPEX) and Invest Alberta Corporation (IAC), an investment attraction agency established by the government of Alberta, Canada, have formed a partnership seeking to develop projects in carbon capture and storage (CCS), carbon capture, utilization and storage (CCUS), bioen
Renewables for Subsea Power (RSP) project which has combined wave power with subsea energy storage to power subsea equipment has completed a 12-month test program at sea, aiming to reach the finish line this spring. This £2 million (approximately $2,5 million) project connected the Blue X wave ener
To deliver a cost-effective net-zero energy system and with electricity consumption potentially trebling by 2050, the UK should seek to harness 27 GW of wave energy, according to research by Finland’s LUT University. LUT University investigated a series of potential scenarios for the UK and Ireland
Thailand-headquartered subsea services provider Mermaid Maritime has established a joint venture company with a Vietnamese partner for the delivery of offshore subsea services in Vietnam. The JV company was established by Mermaid Subsea Services (Thailand) which holds 50% and Tan Cang Offshore Servi
Singapore and Australia have signed a memorandum of understanding (MoU) to formally collaborate on establishing the Singapore-Australia Green and Digital Shipping Corridor (GDSC).
U.S.-based Oceaneering has completed its first onshore piloting of a remotely operated vehicle (ROV) from an onshore remote operation center (OROC) in Brazil, carried out in partnership with the Brazillian oil and gas giant Petrobras. The companies worked together to ensure secure offshore connectiv
