Wave energy developer Eco Wave Power has inaugurated the first U.S. onshore wave energy pilot station at the Port of Los Angeles, marking the operational debut of its technology in the country. According to Eco Wave Power, seven blue steel floats, installed at AltaSea’s ocean institute on a section
South Korean shipbuilding conglomerate HD Hyundai is accelerating the creation of an integrated platform for design and production integration to accomplish a smart shipyard, as it has selected preferred negotiating partners.
Italy’s Next Geosolutions (NextGeo) has opened a new entity in the Middle East, described as a strategic initiative as part of the company’s expansion plan, aimed at strengthening its operational capacity in a “region of crucial importance for the oil & gas sector”. Next Geosolutions Middle East (FZ
Finland and Norway have signed a Memorandum of Understanding (MoU) that enables the transport of CO2 from Finland, whose soil is unsuitable for permanent CO2 storage, to Norway for geological storage under the seabed. The MoU was signed on September 4 by the Finnish Minister of Climate and the Envir
After issuing notices to proceed to Prysmian and Hitachi Energy for cable and converter technology, Marinus Link Pty Ltd (MLPL) has named the preferred contractor for major civil and construction works for the namesake interconnector in Australia. A joint venture of DT Infrastructure and Samsung C&T
The Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland, with its first program targeting the marine fuel sector.
Italy-headquartered Next Geosolutions (NextGeo) has completed the acquisition of 75.4% of the share capital of RANA Subsea, a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening its range of service
Singapore and India have signed a memorandum of understanding (MoU) to collaborate on establishing the Singapore-India green and digital shipping corridor (GDSC).
Following strategic backing as part of its Series B funding round, as well as a grant from the European Union (EU), Swedish wave energy developer CorPower Ocean is on the lookout for a chief financial officer (CFO). Since its start in 2012, CorPower has raised around €115 million in funding in an ef
A UK-Brazilian partnership has developed a tentacle-like underwater robot that could remove the need for large vessels and human divers for offshore inspections and enable smaller underwater vehicles to perform sophisticated inspection tasks, thereby reducing operational costs and improving personne
Allseas’ Solitaire, one of the world’s largest pipelay vessels, has produced its final double joint in its current setup before starting a major modernization process that will further advance its installation capabilities and production efficiency. Allseas announced at the beginning of this year th
UK energy market regulator Ofgem has revoked the license for a planned UK-Netherlands electricity interconnector in response to the developer’s request, submitted after not securing a cap and floor license. A gas interconnector license was granted to NU-Link Interconnector UK Ltd in February 2023, a
Around one month after reaching financial close, the developer of the 1.5 GW Marinus Link power interconnector project in Australia has issued notices to proceed to contractors for cable and converters. The 345-kilometer project, to be built in two 750 MW stages, will link North West Tasmania and th
Italian cabling company Prysmian Group has signed a Memorandum of Understanding (MoU) with Singapore’s state-owned energy giant Sembcorp Industries and Italy’s export credit agency and insurance and finance group SACE, controlled directly by the Ministry of the Economy and Finance, to explore opport
