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USV orders of over $1.25 million land on Ocean Power Technologies’ table
Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA
Petrobras targets reliable subsea production with topside-less technology
Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera
‘We do not compromise with safety,’ says CEO as Island Drilling looks into legal steps to challenge rig termination
Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.
Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?
The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.
Reach Subsea makes moves to meet increasing demand for subsea services
Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri
QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers
As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy
16 European partners kick off project to scale up offshore solar
Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge
Fresh oil, gas, and drilling plays shape global energy ecosystem
This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.
BAR Technologies picks European producer for its wind propulsion systems
Wind propulsion developer BAR Technologies (BAR) has entered into a partnership agreement with Nervion Naval Offshore (Nervion), a pioneer in floating offshore wind platforms, to manage and oversee the production of BAR Technologies’ WindWings in Europe. The agreement with Nervion, a company owned b
Onshore cable provider wanted for second Malta-Italy interconnector
InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce
SCZONE-Belgium cooperation talks include green fuel projects
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra
Crew behavior changes lead to significant fuel savings, Ridgebury says following trial
A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tank
Cavotec wins shore power deal with European shipping line
Swiss cleantech company Cavotec revealed that it has signed a $5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of th
Euronav wins green light for CMB.TECH’s acquisition
Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation f