Vancouver-based company Instream Energy Systems has been tasked with carrying out a feasibility study for the installation of its hydrokinetic technology for a project in Guyana.
Prysmian has kicked off the construction of its new cable-laying vessel with a steel-cutting ceremony at VARD’s shipyard in Romania. The construction of the sister vessel to cable-layer Leonardo da Vinci began on 16 February at Vard Tulcea in Romania. “Prysmian Group had the honor of hitting the but
OEG Offshore has made a multi-million investment in SEAJET Systems, the developer of a trailblazing electric subsea excavation solution that is said to reduce CO2 footprint by 40 per cent. OEG Offshore said that the commitment to SEAJET is a further development in its move into the clean-tech sector
Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.
UK-based shipping company Carisbrooke Shipping has partnered with London-based tech startup Carnot Ltd whose consortium has been awarded £2.3M to develop a zero-emission hydrogen auxiliary engine demonstrator. Following design, simulations and rigorous testing, the single-fuel hydrogen 50kW engine w
Although liner heavyweight Mediterranean Shipping Company (MSC) is trying to keep its ordering of new boxships on the down low, details have emerged of the company’s ten recently ordered LNG dual-fuel containerships. The order was confirmed by China’s CIMC Group, which disclosed that the constructio
In a bid to reduce its carbon footprint and improve energy efficiency, Diamond Offshore, has teamed up with Norway’s Stepwise.
Energean Egypt and Shell Egypt have entered a Memorandum of Understanding (MoU) to explore a mutually beneficial decarbonisation solution. According to Energean, the MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt, contributing to global efforts
The U.S. Energy Information Administration (EIA) has lowered the U.S. natural gas price forecast for this year.
Carnival Corporation’s Costa Group and Proman, a top methanol producer, have signed a Memorandum of Understanding (MoU) to advance the use of methanol as a marine fuel for the cruise industry. The partnership aims to accelerate the energy transition and decarbonization of the existing fleet by impro
France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos
Belgium and Germany have signed an agreement to intensify their energy collaboration and enhance their energy independence, through an Energy Contact Group among other things. The agreement was signed on 15 February in Zeebrugge where Belgian Prime Minister Alexander De Croo received German Chancell
California-based wave energy technology developer Centipod has teamed up with TTI Marine Renewables, a Scottish subsidiary of Tension Technology International (TTI), on the development of its wave energy device.
The European Community Shipowners’ Associations (ECSA) calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime as proposed by the European Parliament in Amendment 129. The amendment approved on October 19th says that if
