The wave and tidal energy market is projected to grow to $1.85 billion by 2032, with ocean-based renewable power expected to move beyond pilot installations and enter early commercial deployment by 2031, according to a report by market research firm DataM Intelligence. The global wave and tidal ener
Norwegian shipbuilder VARD, a subsidiary of Italian shipbuilding company Fincantieri, has signed a memorandum of understanding (MoU) with Norwegian research institute NORCE to cooperate on research and innovation related to subsea technology, among other things. The strategic partnership will be foc
UK-headquartered energy giant BP has revealed changes to its leadership team as its current Chief Executive Officer (CEO) resigns from the role, which will be handed over to an interim one until the current CEO of Australia’s energy giant Woodside wraps her current job and can take over the same rol
Denmark has issued its first-ever approval for a full-scale CO2 storage facility, clearing the Greensand Future project to store CO2 in the Nini West field in the North Sea. The Danish Energy Agency reported today, December 18, that the licensees behind Greensand Future, INEOS E&P, Harbour Energy an
Spanish bound4blue has completed the installation of what it says is the largest suction sail ever fitted to a general cargo vessel for Dutch shipping company Amasus. Bound4blue and Amasus Shipping completed the installation of a 22-meter eSAIL on the general cargo vessel Fluvius Tavy at Astander Sh
Marinus Link Pty Ltd (MLPL) has executed its major works contract with a joint venture (JV) of DT Infrastructure and Samsung C&T Corporation for the namesake interconnector in Australia, after the JV was named the preferred bidder in September. The $994 million contract for TasVic Greenlink (TVGL) c
Fugro has secured a contract with UAE-headquartered energy company Mubadala Energy for the delivery of advanced soil investigations at a deepwater gas development offshore North Sumatra, Indonesia. Under the contract defined as large and awarded by Mubadala Energy (South Andaman) RSC Limited, Fugro
Norwegian ocean services provider DeepOcean and Norway’s oil & gas player Vår Energi have extended their decade-long subsea collaboration by signing a new long-term inspection, maintenance and repair (IMR) frame agreement. DeepOcean’s scope includes subsea work across all Vår Energi’s operated asset
Norwegian offshore services provider Sea1 Offshore has cut the first steel for the second of four offshore energy support vessels (OESVs) it has on order with a shipyard in China. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the c
U.S. oil & gas company Chevron has awarded Subsea7 with a contract for subsea equipment and associated infrastructure for the third stage of its Gorgon gas project offshore Western Australia. Subsea7 said that the contract for Gorgon Stage 3 is substantial, meaning it is worth between $150 million a
The eighth and final CO2 storage tank has been installed on Carbon Destroyer 1, the first dedicated offshore CO2 carrier built in the EU, set to work on the Greensand project in Denmark. Once operational next year, the vessel will be prepared for its carbon capture and storage (CCS) duties, working
Danish power cable manufacturer and installation firm NKT has enhanced the capacity and technical capabilities of its cable accessories factory in Sweden, by investing in a new test hall and office building and expanding production capacity, a move said to be in response to the high demand for high-
Norwegian container tonnage provider MPC Container Ships (MPCC) has placed orders with China’s Taizhou Sanfu Ship Engineering for the construction of six 3,700 TEU container vessels that will be prepared for alternative fuels and advanced emissions-reduction technologies. First delivery is expected
London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates the feasibility of a green shipping corridor between Panama and Algeciras, Spain, aiming to decarbonize maritime trade and modernize global connectivity. The study is funded by EU deleg
