The path toward decarbonization of the shipping industry in line with the IMO 2050 target – a reduction of 50% by 2050 compared to 2008, which still fails to deliver fully on the Paris Agreement objectives, is filled with uncertainty, which might be the main obstacle to the very vision this journey
Subsea technology firm Rovco has established a new office in the city of Edinburgh, Scotland. The new Scottish office location also establishes a dedicated operational base to serve Rovco’s current portfolio of offshore renewable and energy projects. The company said it aims to continue to support b
The Covid-19-caused downturn is set to cause a 25 per cent yearly drop in global demand for oilfield services (OFS), a Rystad Energy analysis shows.
Industry trade association Oil & Gas UK (OGUK) has revealed plans for halving emissions from production and exploration by 2030, with the country’s basin becoming net-zero by the year 2050.
A £60 million marine energy project in Pembrokeshire, Wales has seen the green light. The UK Government and Welsh Government have approved the business case for the Pembroke Dock Marine project. The project could generate £73.5 million a year to the Swansea Bay City Region’s economy. Pembroke Dock M
The US Department of Energy announced the winners of the second stage (DESIGN) of the Waves to Water Prize. Waves to Water launched in February 2019 by assistant secretary Daniel R Simmons. It calls on US innovators to deliver wave energy-powered desalination systems to remote coastal and island com
Enshore Subsea is developing new solutions to responsibly recover minerals from the ocean floor. These minerals, among other things, are essential for Electric Vehicle batteries. This pioneering industry has the potential to create a billion-pound-a-year market in the North East of England, Enshore
An ROV is a remotely operated underwater vehicle, also sometimes known as an underwater drone or underwater robot. ROVs can explore the subsea world while the operator, commonly known as the pilot, remains comfortably at the surface. The communication between the operator and the vehicle is controll
With COVID-19 still a concern and climate change being a major talking point all around the world, drone operators and innovators are trying to test and push the limits of usefulness of drones in the offshore industry both here and now and in the future.
The European Commission has unveiled a €750 billion recovery plan aimed at ensuring economic recovery from the impacts of the COVID-19 crisis. The Next Generation EU fund consists of allocations for € 500 billion and loans for € 250 billion. Combined with targeted reinforcements to the long-term EU
A consortium comprising PensionDanmark, PFA and SEAS-NVE said it was ready to finance the VindØ energy island in the North Sea. The consortium would initially contribute with up to DKK 400 million (EUR 53.6 million) to develop the project. Copenhagen Infrastructure Partners, an investment company be
India’s Oil and Natural Gas Corporation Limited (ONGC) and NTPC Ltd. have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in
Swedish wave energy developer Waves4Power will install its WaveEL system at the European Marine Energy Centre (EMEC) in 2021. The company has secured EU Interreg Ocean Demo grant, giving it access to EMEC’s power-connected test berths for three years. The grant also allows Waves4Power to deliver and
The company Wärtsilä means business when it comes to sustainable solutions. “We are taking a pioneering role when it comes to sustainability. But we cannot do it alone. The whole logistic chain needs to be involved. Only together we can make a real impact.” Teus van Beek is General Manager Ecosystem
