Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli
Sakhalin II liquefied natural gas (LNG) project in Russia has enough technical expertise to operate even without departed shareholder Shell, Reuters reported Mitsui & Co’s CEO Kenichi Hori as saying. Shell announced its plans to exit its 27.5% stake in the Sakhalin II LNG project, writing off an inv
Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.
EthosEnergy is expanding its presence in the Middle East to respond to the growing rotating and oil and gas equipment market.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are expanding their partnership on sustainable shipping via insetting with 60 million litres of sustainable marine fuel. With the latest purchase of sustainable marine fuel, DHL expects to reduce
Mitsubishi Heavy Industries (MHI) and Indonesia Power have signed a memorandum of understanding (MoU) to advance solutions to accelerate the decarbonisation of energy systems in Indonesia. Specifically, the parties agreed to commence three feasibility studies on co-firing less carbon-intensive fuels
The first 100 kilometers of subsea cable has been installed for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The £660 million project will involve constructing a 260-kilometers subsea cable from Shetland to the GB mainland, linking Shetland to the national g
AWS Ocean Energy has unveiled ‘highly encouraging’ results from the current phase of sea trials of its Waveswing wave energy device at the European Marine Energy Centre (EMEC) in Orkney.
Several major utility companies have formed a coalition that plans to pursue federal financial support for a Southeast Hydrogen Hub, responding to the recently announced $8 billion funding opportunity from the U.S. Department of Energy (DOE). The coalition includes Dominion Energy, Duke Energy, Loui
Since the official launch of Amogy in November 2020, the Brooklyn-based technology startup has had several important milestones. The company is building a zero-emission ammonia-to-power system, which aims to enable the decarbonization of heavy-duty transportation and industries, including shipping.
Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.
UK’s regulator says that the industry will make significant savings in time and money following its move to cut red tape and scrap the requirement for CoP reports.
Amon Maritime has launched a new offshore market player – Amon Offshore – and a carbon-free, ammonia-powered PSV design.
Danish wave energy company Wavepiston has started accelerated tests of its technology at Technical University of Denmark’s (DTU) test facility as part of the EU-backed VALID project.
