The UK government has set out plans to support up to 12GW of new renewable energy capacity in the CfD4, with both bottom-fixed and floating offshore wind, as well as tidal stream projects eligible to bid.
Investments from global E&P in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows.
The IMO member states have agreed to give further consideration to the industry-led proposal for the establishment of a $5 billion research and development fund aimed at accelerating the introduction of zero-emission technologies into the shipping industry. The fund is being proposed as the shipping
A new consortium of international companies has been established under the name of Climate Power Plant Zeeland with the aim of building and operating a tidal power plant in the Dutch province of Zeeland.
Ocean Power Technologies (OPT) has expanded its commercial team with the appointment of Jorge Franco as regional sales representative based in Spain.
BioLNG has been touted as the fuel that will enable the decarbonization of maritime and road transport.
European Union’s Offshore Renewable Energy Strategy, published on 19 November and targeting as much as 300 GW of installed offshore wind capacity by 2050, also outlines the goal of supporting green hydrogen production. In anticipation of the launch of the new Renewable Hydrogen Coalition, it is ever
The Danish government has identified areas in the North Sea and the Baltic Sea suitable for the development of the energy island projects. Back in June, Denmark approved the development of the two energy islands, one in the North Sea and one in the Baltic Sea, with a combined capacity of 5 GW. Both
AqualisBraemar has entered into an agreement to acquire LOC Group, creating an even more complete service provider to the upstream oil and gas industry.
As part of the IEC 62600 standard series, IEC Technical Committee 114 (IEC TC 114) has recently published a new part for the international standard to support the assessment of marine energy technologies.
Product tanker major Hafnia Limited believes that further consolidation is needed within the product tanker sector to fully unleash value and synergies from additional operational scale. Hafnia Limited was set up in January 2019, following a merger between BW Tankers with Hafnia Tankers, a fellow su
Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.
Sea Wave Energy (SWEL) has tested its Wave Line Magnet device at the Ecole Centrale de Nantes hydrodynamic and ocean engineering tank as part of the Marine Energy Alliance project.
Individual crew changes are costing up to an additional $2,000, doubling the price since last year as a result of the COVID-19 pandemic, Danish-managed crewing specialist Danica said. The crewing agency said that the figure resulted from analysing a combination of fully allocated additional costs an
