Netherlands-based Symphony Wave Power has secured new funding and investor support to further advance its wave energy technology.
As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
Looking back, 2022 was a pretty active year in the (offshore) energy sector. A good deal of this might be because COVID-19 has stopped being an obstacle to everyday life, but what seems to be for sure is that energy security and energy crisis-related topics stole most of our attention. Below we brin
UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. Its produc
As the world prepares to say goodbye to an eventful 2022, offshore energy industries are reviewing their activities and making new plans to deliver on the net-zero target. Despite numerous challenges to this goal, the year behind us ends the similar way it started – with renewables in the spotlight.
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has opened a €240 million call for the development of marine renewable energy pilot projects, test platforms and associated infrastructure.
ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.
Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro
The search for four people aboard a downed helicopter, which went down in the U.S. Gulf of Mexico, has been suspended.
The U.S. Coast Guard (USCG) has launched a search and rescue (SAR) mission for four people aboard a downed helicopter in the Gulf of Mexico.
Sembcorp Marine has completed the delivery of the Deepwater Titan drillship, the world’s second 8th-generation drillship, to Transocean’s subsidiary Triton Titan. Following the delivery, Deepwater Titan is scheduled for deployment on a five-year contract in the U.S. Gulf of Mexico. According to Semb
Some of the Bay of Fundy’s most exciting research continued this year in a large, collaborative effort to better understand how fish move through the Minas Passage and calculate the risk that they may encounter a tidal energy device.
Norwegian marine survey contractor Argeo has secured a loan of NOK 20 million (approximately €1.9 million) from Innovation Norway. According to Argeo, the yield is 6,2 per cent, the duration is six years and the loan is on certain conditions. The company has not disclosed any other details. “We are
