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CorPower Ocean wave energy farm
Marine Energy

Wave energy picks up pace as CorPower Ocean lands two new investors

Swedish wave energy developer CorPower Ocean has secured new strategic backing from Acario, the venture arm of Tokyo Gas, and GTT Strategic Ventures, part of French LNG tech group GTT, as part of its Series B funding round. The investment builds on CorPower’s earlier €32 million Series B1 raise, sup

about 1 year ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Fossil Energy

Transocean’s backlog stands at $7.2 billion as rig quartet gets more drilling work

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Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs.

about 1 year ago
BYD Xi'an
Clean Fuel

LNG-fueled BYD Xi’an, one of the world’s biggest car carriers, threads through Suez Canal

Chinese plug-in hybrid electric vehicle manufacturer BYD’s roll-on/roll-off (RoRo) car carrier BYD Xi’an, hailed as one of the largest ships of its type in the world, has passed through the Suez Canal on its maiden voyage. The 219-meter-long vessel was launched in April this year, back-to-back with

about 1 year ago
Navigator
Ammonia

Navigator Gas, Amon Maritime form JV to build two ammonia-fueled ammonia carriers

Navigator Holdings (Navigator Gas), a UK-based owner and operator of the ‘world’s largest’ fleet of Handysize liquefied gas carriers, has entered into a joint venture with Norwegian ammonia specialist and shipping company Amon Maritime.

about 1 year ago
Hugin A jacket being put into place with Heerema's Sleipnir; Source: Aker BP
Fossil Energy

WATCH: Heerema’s largest vessel slides North Sea oil & gas platform’s new jacket into place

Norwegian oil and gas player Aker BP has made progress in bringing an offshore platform to life by installing a new jacket at an oil and gas development in the North Sea, off the coast of Norway.

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Energy Transition

EU backs green port infrastructure in Papua New Guinea

The European Union (EU) and Papua New Guinea (PNG) have deepened their partnership with the launch of infrastructure projects focused on greening and modernizing Rabaul Port and expanding access to safe water.

about 1 year ago
NKT contracts Helix Robotics to operate 'world’s most powerful' subsea trencher
Subsea

NKT contracts Helix Robotics to operate ‘world’s most powerful’ subsea trencher

Denmark-headquartered power cable manufacturer and installation firm NKT has selected Helix Robotics Solutions Limited, the UK robotics division of Helix Energy Solutions Group, as the service provider for what is said to be the world’s most powerful subsea trencher. NKT and Helix Robotics entered i

about 1 year ago
Avance Gas
Fossil Energy

BW LPG wraps up $595M financing to support fleet and balance sheet strategy

Singapore-based ship owner and operator BW LPG has closed two financing facilities totaling $595 million, aimed at supporting the fleet renewal, refinancing existing debt and ensuring ample liquidity for future investments. As disclosed, the company has closed a $380 million term loan and revolving

about 1 year ago
An offshore platform
Fossil Energy

Mega drilling structure assembly marks milestone for Cenovus’ Newfoundland field

Canadian oil and gas company Cenovus Energy has merged two large structures that will form part of the drilling platform at its field offshore Newfoundland, Canada.

about 1 year ago
yellow wave buoy in open sea
Floating Solar

Solar-powered buoy network to enhance coastal data across Australia

Researchers at the University of Western Australia (UWA) have launched a national network of solar-powered wave buoys to improve data on wave-driven processes and coastal change. The network, part of the Integrated Marine Observing System (IMOS) Coastal Wave Buoys Facility, is led by Mike Cuttler an

about 1 year ago
Shanghai Electric
Alternative Fuels

China’s first full-cycle commercial green methanol project is operational

The integrated green methanol demonstration project of Shanghai Electric, a Chinese power generation and electrical equipment manufacturing company, has completed the first delivery of green methanol.

about 1 year ago
EnQuest
Fossil Energy

New operator taking the helm at undeveloped gas fields offshore Brunei

EnQuest EP, a subsidiary of London Stock Exchange-listed energy player EnQuest, has secured a production sharing agreement (PSA) for Block C, covering three offshore fields in Brunei Darussalam, for which a final investment decision (FID) is anticipated to be reached within the next two years.

about 1 year ago
Allseas resumes pipelaying at Dutch CCS project after technical setback
Fossil Energy

After one-month technical delay, Allseas resumes pipelaying at first Dutch offshore CCS project

Allseas has resumed pipelaying for the first offshore carbon capture and storage (CCS) project in the Netherlands after a one-month break caused by a technical issue. Allseas’ purpose-built offshore construction vessel (OCV) Oceanic was in charge of a special unexploded ordnance (UXO) survey along t

about 1 year ago
South Korea’s YPP to invest up to $3.1B in green hydrogen production in Kazakhstan
Ammonia

South Korea’s YPP to invest up to $3.1B in green hydrogen production in Kazakhstan

YPP and Kazakh Invest have signed a framework agreement on cooperation for the implementation of a green hydrogen production project in Kazakhstan.

about 1 year ago