Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in
Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy se
The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.
Marine Energy Wales has welcomed the announcement that four tidal stream projects, based in Welsh waters, have been given the green light to provide electricity to the National Grid, as part of the latest allocation round of the UK government’s renewable auction.
In its fifth round of the Contracts for Difference (CfD) scheme, the UK has supported 11 tidal energy projects with a record capacity of over 50MW and €11.6 million total ringfenced budget.
South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co., has received clearance for key innovations that are at the heart of what is believed to be the world’s first carbon emission-free LNG carrier. Specifically, the shipyard has received approval in pr
Container shipping heavyweight A.P. Moller-Maersk (Maersk) has signed an agreement with energy major Equinor thus securing the supply of green methanol for its landmark, methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024. The agr
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea, using Odfjell Drilling’s rig.
Harriet Shing, Minister for Regional Development, Victoria, Australia, has announced a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs, with $500,000 invested through the Labor Government’s Portland Diversification Fund. The s
Italian cabling giant Prysmian Group has won another contract to deliver a submarine cable project in its homeland, worth around €630 million. With this, the company’s Projects Business Unit order intake exceeds €10 billion year to date, including preferred bidder agreements. Prysmian has secured th
The announcement that the UK is to join the EU’s flagship Horizon Europe program has been deemed as excellent news for Europe’s ocean energy sector as it could help enable the deployment of more ocean energy projects in the water, keeping Europe’s competitive edge in this emerging industry.
Classification society Bureau Veritas (BV) has issued an approval in principle (AiP) to Lattice Technology for the design and development of a 75,000 cbm floating liquified hydrogen (LH2) import terminal. This import terminal is expected to receive the liquefied hydrogen from an LH2 carrier and stor
AQUIND Ltd, the company behind the planned namesake 2 GW electricity interconnector between the UK and France, has established a collaboration with the Portsmouth City Council for the delivery of the project. AQUIND and Portsmouth City Council entered into a works co-operation agreement on 5 Septemb
U.K.’s North Sea Transition Authority (NSTA) is expected to soon assume the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal. According to NSTA, the move is intended to support the industry by enabling pioneering projects to obtain
