The US Department of Energy (US DOE) has expanded its largest ever investment in tidal energy with additional $10 million, reserved for community-led tidal and current energy projects.
Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $
Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a
Should the U.S. scale up investments in oil and gas along with the deployment of renewables and clean energy technologies?
Chilean University of Bío-Bío has presented its Lafkenewen wave energy device project in the commune of Lebu, in southern Chile, aimed to supply electricity to local tourist sector.
Bloom Energy, a US-based green energy company, has partnered up with Telam Partners, a senior advisory firm specialised in the financing and market entry of energy, infrastructure, and technology projects, to expand its services, which include electrolyzers and hydrogen, into Spain and Portugal. Acc
The partners in the innovative industry-led project that aims to demonstrate the effectiveness of renewable energy for powering subsea production systems and vehicles are getting ready to demonstrate the integrated system offshore Orkney in Scotland.
Norwegian green hydrogen company Gen2 Energy and Germany’s Securing Energy for Europe (SEFE), former Gazprom Germania GmbH, have signed a memorandum of understanding (MoU) to pursue an offtake agreement for compressed green hydrogen. On 6 January, the companies said they were discussing a long-term
The Union Cabinet of India, chaired by PM Shri Narendra Modi, has approved the National Green Hydrogen Mission, which aims to make the country a global hub for the production, utilisation, and export of green hydrogen and its derivatives, as well as help it become energy independent while also decar
In its latest report, the Environmental Audit Committee of the United Kingdom has called for a greater strategic focus on tidal energy, highlighting its potential to contribute to the UK’s energy security in the long term.
The PanGeo Subsea brand and company name have changed to Kraken Robotics as of 1 January 2023, following the completion of the acquisition by the Canadian company in 2021. To remind, Kraken Robotics entered into a non-binding letter of intent (LOI) to acquire PanGeo Subsea in April 2021. The Canada-
As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.
Norway’s government expects to maintain higher output on the NCS to supply Europe with high gas exports, bolstering its energy security.
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures, according to Poten & Partners. However, Russia’s Lukoil has dropped out of the top 20 spot charterers. This is mainly due to Russia’s war in U
