The affiliates of South Korean conglomerate HD Hyundai – HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Europe Research & Development Center, and HD Hydrogen – have signed a joint development project (JDP) agreement with Norway-based classification society DNV and German cruise operator
The Finnish and Swedish transmission system operators (TSOs) Fingrid and Svenska kraftnät have initiated the planning process for the third submarine cable between the countries which would replace the first connection at the end of its operational lifetime in the late 2030s. Under a signed letter o
NuScale Power Corporation, a U.S. provider of advanced small modular reactor (SMR) nuclear technology, has announced research programs focused on integrated energy systems designed to support hydrogen production and clean water supply.
EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd
Geoquip Marine, a provider of offshore geotechnical solutions, has extended the charter agreement with Norway’s Myklebusthaug for Dina Polaris until 2030, described as one of the world’s largest geotechnical vessels. Also described as one of the world’s most capable geotechnical drilling vessels, th
Scotland’s University of Strathclyde, in partnership with Germany-based dry bulk carrier owner and operator Oldendorff Carriers, has launched a new research center focused on sustainable shipping.
The UK has launched the Marine Energy Taskforce (MET), a new initiative aimed at developing a roadmap to realise the country’s marine energy potential. Supported by The Crown Estate and Crown Estate Scotland, the 12-month project will focus on accelerating wave and tidal stream energy deployment whi
Two energy majors, Australia’s Woodside Energy and Malaysia’s state-owned Petronas, have signed a non-binding heads of agreement (HOA) for a long-term supply of liquefied natural gas (LNG) to Malaysia.
Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of seven remotely operated vehicles (ROVs), two of which have already been delivered, expanding its ROV fleet of almost 60 units. DeepOcean recently took delivery of two Constructor-series work-class ROVs (WRO
The Chamber of Marine Commerce (CMC) has welcomed Canada’s Halifax Port Authority as its newest member organization.
Australian energy company Provaris and Yinson Production, an owner and operator of floating, production, storage, and offloading (FPSO) vessels, have completed liquid CO2 (LCO2) tank design and formed a joint venture (JV) to commercialize LCO2 marine and offshore applications.
Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest
A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.
The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per
