Norway’s Havyard has won a contract from a European company to develop a new zero-emission ship concept for cargo transport.
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
The Bureau of Ocean Energy Management (BOEM) of the United States has issued the first marine renewable energy research lease in federal waters off the west coast for a wave energy project.
Irish hydrokinetic turbine developer GKinetic Energy has been granted patent protection in the United States for the ‘bluff body’ accelerator – part of the company’s hydrokinetic technology concept.
German transmission system operator (TSO) 50Hertz and Danish TSO Energinet have signed a Letter of Intent to collaborate on the Bornholm Energy Island project in the Baltic Sea. The Bornholm Energy Island would connect Germany and Denmark to an offshore hub with around 2,000 MW of wind power capacit
Australia’s Global Energy Ventures and Pacific Hydro Australia Developments Pty Ltd have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen. The hydrogen is set to be produced by Pacific
U.S. President Joe Biden has announced America would return to the international Paris Agreement to fight climate change.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
Gasum, the Nordic energy company, sees the potential of increased investment in future projects due to the price increase of LNG. In this week’s analysis, Gasum reports that the Risavika LNG reached 30.20 Euro per megawatt-hour. European gas prices remained supported by tight supply and cold weather
TFG Marine, a joint venture bunker company formed by commodity trader Trafigura and shipping firms Frontline and Golden Ocean in 2020, will start bunkering operations this month for vessels at the Falmouth Anchorage, off the South West Coast of the United Kingdom, the company said.
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
U.S. oil company Occidental Petroleum claims that it is doing more than American electric vehicle and clean energy company Tesla to reduce greenhouse gas emissions.
Cruise major Royal Caribbean Group has entered into a definitive agreement to sell its Azamara brand to Sycamore Partners, a New York-based private equity firm.
Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three years, the company’s CEO Søren Skou said in a podcast hosted by Global Optimism. The [&hell
