Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
Kwasi Kwarteng has been appointed as the Secretary of State for Business, Energy and Industrial Strategy (BEIS) as part of a ministerial reorganization at the department.
After embarking on an ambitious strategy for onshore power use, the Port of Rotterdam has now unveiled a detailed approach to realizing shore power within different shipping segments.
Danish container shipping and logistics major A. P. Moller Maersk is setting up a dedicated team to accelerate the company’s decarbonization efforts. Morten Bo Christiansen has been appointed head of the decarbonization team of the company. As explained by Christiansen, the team will focus on speedi
The partnership targets zero-emission shipping markets with next-generation redox flow batteries.
Simec Atlantis Energy has appointed Graham Reid as the new Chief Executive Officer (CEO) and a Director, while the outgoing CEO Tim Cornelius will take up a new role within the company.
Marine Power Systems (MPS) has launched a tender to acquire the services of a wind turbine specialist that will ensure the company’s modular floating platform integrates seamlessly with both wave and wind power generation technologies.
UK’s fund management company Tufton Oceanic has announced a deep corporate reorganisation designed to ensure further growth.
Bombora Wave Power has entered into agreement with Mitsui O.S.K. Lines (MOL) to identify marine energy project opportunities in Japan and the neighbouring regions.
Scorpio Bulkers Inc. intends to change its name to Eneti Inc as part of its transition away from the dry bulk business towards marine-based renewable energy. “The change of the company’s name is subject to approval at an Extraordinary General Meeting to be held on February 3, 2021 for shareholders o
Crowdfunding campaigns are proving to be very beneficial for marine energy developers as several companies succeed in reaching well over their initial funding targets ahead of deadlines, while others move to extend their campaigns to accommodate the growing interest from the investors.
In the next five years, Estonian Port of Tallinn will be focusing on the implementation of its vision — to become the most innovative port in the Baltic Sea.
Sustainability will be a central topic in 2021 for Japanese shipping majors Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
Although the UK’s offshore oil and gas industry has committed to cutting operational emissions in half by 2030 and achieving net-zero production by 2050, operators will have to make leaps forward in technology, policy, and investment to reach these goals, according to Wood Mackenzie.
