The European Investment Bank (EIB) has approved approximately €100 million in financing to support the energy transition, among other things, at the Port of Klaipėda in Lithuania. The €201 million project targets the modernization and expansion of the core Trans-European Transport Network (TEN-T) Po
The Hague-based Wave Energy Collective (Weco) has teamed up with Rijkswaterstaat, part of the Dutch Ministry of Infrastructure and Water Management, to test its wave energy converter (WEC) capable of generating power even in very small sea states. Weco reported today, April 23, that it had been deve
Aberdeen-based decommissioning services provider Well-Safe Solutions has secured a multi-year contract with Apache North Sea Limited to decommission its platform wells and subsea wells in the Forties Field in the North Sea, inaugurated in 1975. Well-Safe Solutions will lead the contract across all w
Portland Port in the UK has received full approval to carry out liquefied natural gas (LNG) ship-to-ship (STS) transfers, adding to its existing oil and liquified petroleum gas (LPG) transfer services. At the port based in South Dorset, STS operations can be performed alongside one of the berths or
Oceaneering has performed the first piloting operation of a remotely operated vehicle (ROV) on a drilling rig offshore Brazil from its onshore remote operations center (OROC), for Brazilian oil & gas giant Petrobras. The company’s Subsea Robotics segment and Brazilian subsidiary Marine Production Sy
UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize
A three-party partnership has been established to explore the marketing and supply of low-carbon ammonia as a marine fuel to maritime end-users in Singapore. Singapore-headquartered NYK Bulkship (Asia), a subsidiary of Japanese shipping major NYK, Singaporean bunker supplier Golden Island, and Yara
A U.S.-UK partnership has launched what is said to be the first-ever pilot project that will see the extended at-sea trial of a system designed to remove methane during normal ship operations. California-headquartered climate technology company Bennu Climate and Lomarlabs, an innovation arm of Lomar
Sweden-based NoviOcean is exploring the options for the deployment of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, in Costa Rica. NoviOcean has signed a memorandum of understanding (MoU) with MIR Green Energy to explore the deployment of th
Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton, a provider of technology-driven services and engineering primarily within offshore decommissioning, from the UK-headquartered Acteon Group for an agreed enterprise value of £63.5 million (around €72.8 million). The transaction comprise
Japan’s Toyo Engineering Corporation and OneSubsea, a joint venture established in 2023 by SLB, Aker Solutions, and Subsea7, have signed a memorandum of understanding (MoU) to explore collaboration opportunities in carbon capture and storage (CCS). Initially, the partners plan to explore opportuniti
Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, has entered into an agreement with Shanghai Shenji Energy & Environmental Technology for the purchase of green methanol. Under the procurement and supply agreement, Venture Energy will purchase ISC
Boskalis has marked a milestone from its Remote Operations Center (ROC) in Aberdeen, Scotland, with the first deployment of remotely operated vehicles (ROVs) from the new facility. During the test phase, ROVs underwent a week of intensive trials from Boskalis’ construction support vessel (CSV) BOKA
Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai
