Rethinking traditional wave energy converter designs, the researchers at the National Renewable Energy Laboratory (NREL) have started developing the next-generation cost-competitive wave energy system – a variable-geometry oscillating surge wave energy converter (OSWEC) placed on a raised foundation
The U.S. President Joseph R. Biden, who took office just a week ago, is powering through very busy first days of presidency reversing multiple policies implemented by the previous administration. On Monday, January 25, Biden signed an executive order on strengthening American manufacturing which is
Japan’s biggest oil and gas producer Inpex has revealed its strategy to become a net-zero company by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. (INA) plans to diversify into renewable energy and is specifically considering offshore wind and solar energy developments in the country. At an energy conference held on 26 January, INA’s Director of Strategic Operations and Public Affairs, Hr
The Mission Possible Partnership, a new coalition that aims to accelerate the decarbonization of global industries representing 30% of global emissions, was launched today at the Davos Agenda.
Assurance and risk management company DNV GL has decided to combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.
After the costliest Chapter 11 year in history, 2021 bankruptcy numbers will normalize if WTI keeps up, an analysis by Rystad Energy has shown.
Infinium has closed a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust.
The world’s largest underwater engineering event – Subsea Expo – will not be taking place this year. Organisers, Subsea UK, who have already postponed the event from February to May this year due to the coronavirus-imposed restrictions have decided to wait until 2022 before staging the event. The th
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
CorPower Ocean and OPS Composite Solutions have received close to €500,000 from EEA Grants for a collaborative project looking to boost the performance and slash costs for wave energy technology.
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of Hyundai Heavy Industries Group, has extended the deadline for the acquisition of shares in compatriot Daewoo Shipbuilding and Marine Engineering (DSME) amid regulatory delays. The mega-merger deadline has been extend
Marine Energy Test Area (META), Wales’ national marine test centre, has obtained the marine license for the second phase of the project from Natural Resources Wales (NRW).
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
