Despite renewable energy capacity growing by over 15% in 2024, the gap in deployment between regions continues to widen, according to the International Renewable Energy Agency (IRENA).
The UK National Grid has selected Sumitomo Electric Industries as the preferred bidder to supply and install 138 kilometers of subsea cable for Sea Link, a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk. Sumitomo Electric will perform the work out of its manuf
As part of its toolbox of initiatives aimed at curbing the carbon footprint from its floating production, storage, and offloading (FPSO) fleet, Japan’s MODEC has tasked Eld Energy, a Norwegian fuel cell system company, with the design and manufacture scope of work for a solid oxide fuel cell (SOFC)
Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the first field trials with Brazilian oil & gas giant Petrobras for its TCP design, performed at water depths of approximately 1,500 meters offshore Brazil. According to Strohm, the testing and engineering assessments were conduc
The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick in domestic energy to drive down costs by inciting new investments across all energy do
Belgian energy infrastructure company Fluxys has hired Madrid-headquartered Sacyr Proyecta to take care of front-end engineering design (FEED) services related to the development of a CO2 emissions reduction project at its liquified natural gas (LNG) terminal in Zeebrugge, Belgium.
Energy and marine consultancy ABL has been appointed to deliver marine warranty survey (MWS) services for a 750 MW, 345-kilometer-long power interconnector project in Australia. ABL’s operations in Australia will provide MWS services to support the marine transportation and installation (T&I) campai
EnergyPathways has entered a memorandum of understanding (MoU) with Hazer to use its proprietary hydrogen production technology to develop a clean hydrogen facility that will expand the company’s MESH integrated energy storage project.
Fugro has secured a seven-year framework agreement with Irish transmission system operator (TSO) EirGrid to perform surveys for a project that will develop offshore electricity substations and export cable routes to connect Ireland’s future offshore wind farms on the south coast to the national grid
In a move that underscores growing collaboration in the race to decarbonize shipping, Lloyd’s Register Maritime Decarbonisation Hub (Decarb Hub) has become the latest Knowledge Partner of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS). The goal of the partnership is described a
Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has closed a new $250 million sustainability-linked 7-year senior secured committed revolving credit facility for general corporate purposes.
Singapore-based shipping company Swire Shipping has launched Voyage to Zero, a carbon insetting program that promises a reduction in Scope 3 greenhouse gas (GHG) emissions.
The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs
Fugro has partnered up with high-tech software company DTACT and AI-powered satellite intelligence company Ubotica to develop a data fusion and intelligence platform that will provide government organizations with the information needed to strengthen national security and safeguard critical underwat
