Maersk Growth, the venture arm of A.P. Moller – Maersk, invested 11 million EUR in Blue World Technologies’ pre-C-round alongside the Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. The financing round was announced during COP28 in Dubai where Blue
Oscilla Power and its university partners have deployed a 1:6 scale prototype of 1MW Triton wave energy converter offshore the east coast of the United States.
DNV has appointed the head of its Carbon Capture, Utilization, and Storage (CCUS) unit as a response to the technology’s growth. DNV announced on December 6 the appointment of Jamie Burrows as head of its Energy Systems business area’s CCUS unit – a move that underscores DNV’s commitment to CCUS as
ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider, and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer, are set to devel
Scottish company Orbital Marine Power has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE).
Japanese shipping company NYK has entered into a time charter contract with compatriot Mitsui & Co., Ltd. for the transportation of ammonia. NYK revealed that the deal was signed in October and that it would use its Panama-flagged LPG carrier, the Berlian Ekuator, as the key vessel for the shipments
Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Jo
UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon solutions, including hydrogen. As part of the SCA, the t
Maybank Singapore has extended a $100 million sustainability-linked Islamic revolving credit facility (RCF-i) to AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad.
Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal
Centrica, a UK-based energy company, and Mitsubishi Power Europe, a power solutions brand of Japan’s Mitsubishi Heavy Industries (MHI), have signed a memorandum of understanding (MoU) to explore the development, construction and operation of Europe’s first-ever ammonia-fired power generation facilit
Hong Kong-based containership owner Seaspan Corporation is entering a new market segment with a pivotal order for up to ten dual-fuel LNG Pure Car and Truck Carrier (PCTC) vessels in partnership with South Korean shipping company Hyundai Glovis. Seaspan has signed the construction contract with Chin
Japanese shipping company Mitsui O.S.K. Lines and Bapco Energies have signed a memorandum of understanding (MoU) for the development of cross-border carbon dioxide (CO2) transport and sequestration.
Japanese conglomerate Sumitomo Corporation and Norwegian RoRo shipping company Höegh Autoliners have joined forces to explore the adoption of clean ammonia as a bunker fuel for Ro-Ro cargo vessels. The agreement targets ports in Singapore and Jacksonville, USA, with plans set to kick in from 2027. T
