South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated K
South Korean Hyundai Heavy Industries Group has changed its name to HD Hyundai, the company said in a regulatory filing. According to Korean media reports, the name change coincides with the 50th anniversary held in Seongnam, Gyeonggi Province, which served as the stage for the company to declare it
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) is rounding off 2022 with the delivery of 209 ships, the equivalent of 14 million dwt. CSSC said that this year it secured the largest portion of new shipbuilding orders in the world, despite the challenges caused by the p
Carbon-Zero US, Cox Operating, Crescent Midstream and Repsol have established a partnership to develop one of the largest offshore hubs for permanent storage of carbon dioxide in the Gulf of Mexico area.
The European Union has launched a funding call under its Horizon Europe program, looking for tidal energy farm demonstration projects, as it aims to improve market confidence and sustainability of tidal energy technology.
Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.
The North Sea is one of the most biodiverse, but also one of the most active bodies of water on our planet, which led to the degradation of its marine environment. Now, with a boom in offshore wind, environmental organisations, together with the industry, are exploring ways for offshore wind farms t
Italian shipbuilder Fincantieri has laid out its strategy for the upcoming period putting a major focus on building up its competencies in the construction of digital and net zero ships. The company’s 2023-2027 Business Plan aims to create greater synergies between the company’s cruise, defense, and
UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.
The Dutch Ministry of Economic Affairs and Climate Policy (EZK) is now actively looking into the build-out of offshore wind beyond 2030, as well as into offshore energy hubs, offshore hydrogen production and reuse of gas pipelines for hydrogen transport. The EZK is currently working on a comprehensi
Dutch-Norwegian company SolarDuck has been awarded a contract to develop Japan’s first offshore floating solar power generation and automated sailing boat technology demonstrator together with local partners.
Schneider Electric and Ocean Renewable Power Company (ORPC) have signed a memorandum of understanding to collaborate on microgrid projects and advance marine energy as a commercially-viable renewable energy source.
Aker Carbon Capture is joining UK recycling, renewable energy and waste management company Viridor on a pre-FEED study for a carbon capture and storage (CCS) project nearby Liverpool, which is set to be one of the first large-scale carbon capture projects at an energy-from-waste facility in the worl
Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.
