CorPower Ocean has completed the system integration of its first commercial scale wave energy converter, the CorPower C4.
BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU
Industrial gas supplier Air Products and Oiltanking Deutschland, a subsidiary of energy company Mabanaft, plan to build Germany’s first large-scale, green energy import terminal in the Port of Hamburg. The companies have signed a joint development agreement as an important step towards the developme
Dutch-Norwegian company SolarDuck and its consortium partners have received a €7.8 million project subsidy from the Netherlands Enterprise Agency (RVO) to develop, test and validate the Merganser floating solar energy platform in harsh North Sea weather conditions.
Conenergy, a Germany-based investor in the European energy industry, has joined the Xlinks Morocco-UK Power Project with a multi-million-pound investment. Xlinks and Conenergy have entered into a financial and strategic partnership to collaborate on the link that will offer an exclusive supply of re
Verlume, a specialist in clean energy system integration, intelligent energy management and energy storage, has appointed Robert Heron to the new role of product manager to help position the business for growth at scale.
Maran Dry Management Inc., a dry bulk shipping unit of the Angelicoussis Group, has signed a joint development project (JDP) agreement with the Italian classification society RINA and Shanghai Ship Research and Design Institute (SDARI) for an LNG and hydrogen-powered bulk carrier. The project will b
A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
The Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s APM Terminals, has signed a concession agreement with the Suez Canal Economic Zone (SCZONE) for the expansion of the terminal. The $500 million agreement purports “financing, design, construction, management, and opera
Dutch Marine Energy Centre (DMEC) and Australian Ocean Energy Group (AOEG) have entered into formal collaboration with the joint goal to accelerate international development of the ocean energy industry.
UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.
Circular Maritime Technologies (CMT), a Dutch startup targeting to automate shipbreaking processes, has secured an EU subsidy that would help the company take the project to the next stage of development. CMT said that it won a subsidy as part of the Kansen voor West III, a program largely financed
Norwegian oil and gas company OKEA is reducing its production outlook for 2023 following news that limited production is expected from a field in which it had recently purchased a stake. Operator Wintershall Dea Norge informed OKEA that issues with the water injectors at the Nova field may limit its
