Adira Renewables, a wholly-owned subsidiary of Kim Heng, signed a non-binding Memorandum of Understanding (MoU) with Crowley Wind Services to cooperate on offshore wind farm cable laying installation projects across the US East Coast. Under the MoU, Kim Heng will issue updates about material develop
Danish company Wavepiston has through its ongoing capital raise secured €600,000 in investment commitments that will be used to further advance its wave energy technology.
U.S. President Joe Biden has visited the site of Prysmian’s new submarine power cables plant in Brayton Point, Massachusetts, which is a part of the company’s support for the development of offshore wind in the US. President Biden visited the site on 19 July, shortly after the first layer of approva
Tree Energy Solutions (TES), a Belgium-based green hydrogen company, has concluded its second fundraising round at €65 million ($66.2 million).
Norway has recorded a high level of exploration activity in the first half of 2022, which has led to six discoveries so far.
Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has drafted a plan for four aid programs totaling €200 million, designed to boost investment in pilot projects, test platforms, and port infrastructure for marine renewable energy.
The Nord Stream 1 pipeline has resumed gas transmission from Russia to Europe after ten days of being shut down due to annual maintenance works. Both lines of the gas pipeline system were shut down on 11 July for routine maintenance works, including testing of mechanical elements and automation syst
MAN PrimeServ, part of German engine manufacturer MAN Energy Solutions, has started offering a service of preparing older engines for future, climate-neutral operation.
The €2.8 billion NeuConnect project, the first ever energy link between the UK and Germany, has reached financial close, allowing work to begin later this year.
DNV has signed a memorandum of understanding (MoU) with Korean floating solar suppliers to explore business cooperation opportunities with the aim of increasing the number of floating solar plants in Korea and globally.
Japan’s energy player Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, the location of the Ichthys LNG project’s gas liquefaction plant.
American classification society ABS and South Korean shipbuilder Samsung Heavy Industries (SHI) have signed a joint development project (JDP) to enhance hull safety with smart ship technology for structural health monitoring (SHM) using a hull sensor package that will allow for more informed and tar
The oil and gas sector’s offshore EPC spend is expected to total $276 billion, forecasts Westwood Global Energy.
Prior to any efficiency modifications, more than 75% of the fleet — bulkers, tankers and containerships — will not be compliant with the Energy Efficiency Existing Index (EEXI) that will enter into force in 2023, according to Joey Daly, Cargo Analyst at VesselsValue.
