Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are
Chevron U.S.A. Inc., a subsidiary of Chevron, and technology provider Cummins have signed a memorandum of understanding (MoU) to advance their collaboration on hydrogen, natural gas, and other lower-carbon fuel value chains. The MoU expands the two companies’ previous strategic collaboration on hydr
Argeo Robotics has secured a new patent from the Norwegian Industrial Patent Office (Patentstyret), this time for a subsea electromagnetic remote-sensing system for detecting buried objects below the seafloor. The patent protects Argeo’s exclusive services with the Argeo Whisper system for detecting
After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of
In its Q2 2023 report, Golar LNG, owner and operator of LNG midstream infrastructure, has announced growth in its FLNG business. The company revealed that conversion works on FLNG Gimi are 97% complete, with the floater scheduled to leave the yard in September 2023. Final checks, storing up and sea
Professor Ron Loveland, Energy Advisor to the Welsh government, has shared his expert opinion on the future of marine energy sector in Wales.
TDI-Brooks has added a new 75-meter-long research vessel to its fleet that is set to perform subsea services once it completes a retrofit program. Nautilus, formerly Nautical Geo, offers offshore assistance with subsea services, construction aid, exploration, production, remotely operated vehicle (R
South Korea’s flagship carrier HMM has signed a new shipbuilding order with China State Shipbuilding Corporation’s subsidiary Huangpu Wenchong for four 38,000-ton multi-purpose heavy-lift ships. Designed by the Shanghai Merchant Ship Design and Research Institute (SDARI), the vessels will be equippe
The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra
Thyssenkrupp Uhde, a Germany-based subsidiary of Thyssenkrupp that specializes in chemical engineering, has been engaged by Ark Energy, an Australian renewable energy company, on behalf of the Han-Ho H2 consortium, to deliver a feasibility study to support the development of the Han-Ho H2 hub projec
The Edinburgh-based tidal energy company Sustainable Marine Energy has been placed into administration, appointing joint administrators of accountancy and business advisory firm Johnston Carmichael to lead the process.
Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac
Germany’s Deutsche ReGas has completed the procedure for the allocation of long-term regasification capacity for the planned floating LNG terminal in the port of Mukran. The company said the procedure was completed on 7 August and the offered capacity of 4 billion cubic meters (bcm) for a period of
