South Korea-based companies Doosan Fuel Cell and Kolon Global have signed a ‘Basic Agreement for Mid- to Long-term Business and Expansion of Cooperation Areas’ to cooperate step by step to develop an eco-friendly hydrogen fuel cell business model using biogas. Under the agreement, Doosan Fuel Cell w
South Korea’s shipbuilding giant Hyundai Heavy Industries, an affiliate of HD Hyundai, announced today that it has become the world’s first company whose cumulative production of two-stroke marine engines exceeds 200 million horsepower output. The company held a ceremony to mark the occasion at its
Scottish company Orbital Marine Power has secured an Option Agreement from Crown Estate Scotland for a new tidal energy project in the Westray Firth.
Technip Energies, an engineering and technology company, has been selected by Texas Green Fuels (TGF) to commence a pre-FEED (Front End Engineering and Design) for the TGF Galveston Bay clean fuels export project. According to Technip Energies, TGF’s export complex will produce industrial-scale, cos
US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, and DCVC. The start
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Grafmarine’s NanoDeck AI Solar tile management solution is a mo
Italian energy company Snam has completed docking operations for floating storage and regasification unit (FSRU) Golar Tundra in the port of Piombino. According to Snam’s social media update, the docking operations were safely completed on Sunday, 19 March as the company expects to put the FSRU into
Welsh First Minister Mark Drakeford has announced £750,000 (€850,000) for research projects focusing on deployment of tidal lagoon technology as part of Tidal Lagoon Challenge.
Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe and sustainable facility in Saudi Arabia for the circular demolition of vessels. The company plans to build four drydocks from 350 meters to 500 meters long with eight quays equipped with heavy-duty cra
US-based LNG player Excelerate Energy has entered into an amended and restated senior secured credit agreement, including a $250 million term loan for the purchase of a floating storage and regasification unit (FSRU). In addition to the new $250 million term loan maturing on 17 March 2027, the credi
DeepOcean has entered into a two-year time charter agreement with Olympic Subsea for a multi-purpose support vessel (MPSV) that will be deployed in the renewables and oil and gas industries. The agreement was signed for the MPSV Olympic Ares which will provide subsea inspection, maintenance, and rep
Amplify Energy Corp. has revealed the appointment of a new Chief Operating Officer (COO), who will assist the firm in bolstering its cash flow generation.
Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and t
