The UK government will increase the frequency of auctions for funding through the Contracts for Difference (CfD) scheme to every year rather than every two years. The change kicks in from March 2023 when the next CfD round opens, the Department for Business, Energy & Industrial Strategy (BEIS) said.
Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw
German renewable energy company BayWa r.e. is finalizing construction of a 3MWp floating solar plant for the compatriot company Quarzwerke which is looking to further reduce its carbon footprint.
Danish container shipping and logistics giant A.P. Moller – Maersk has delivered record earnings for 2021 despite persistent supply chain disruptions.
The American Petroleum Institute appeals the ruling, which invalidated the results of last year’s Gulf of Mexico oil and gas lease sale.
U.S.-based marine energy company C-Power has announced the first closing of a Series B-2 round of investor funding that will enable the company to advance its business strategy.
Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.
The Isle of Man Ship Registry (IOMSR) is set to become the world’s first flag state to incentivise ship owners by offering a new green discount on registration fees for ships deploying green technology.
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
German container shipping company Hapag-Lloyd plans to deploy the first of its twelve new 23,500+ TEU vessels in 2023, Lutz-Michael Dyck, Senior Director Strategic Asset Projects at Hapag-Lloyd, confirmed.
Triangle Energy is searching for a potential interim chief executive officer (CEO) after the current one decided to resign from the position.
Short-sea operator Unifeeder Group has bunkered its first sustainable 100% biofuel from oil refiner and supplier VARO Energy in the Port of Rotterdam as part of the collaboration targeting reduced carbon footprint of the shipping industry.
Eco Atlantic is one step closer to finalising its 2022 drilling plans and completing the acquisition of Azinam Group and its asset portfolio.
Swedish tanker shipping company Concordia Maritime has launched a technical design study on the conversion of a tanker to a container vessel.
