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Mocean Energy steps up commercialization plans with new funding and investors on board
Scottish wave energy company Mocean Energy has raised €2.5 million in new equity, alongside €572,000 grant to drive the commercialization of its wave energy technologies, bringing Katapult Ocean and MOL Plus as new investors in the business.
Petrobras makes changes to its oil & gas production and CAPEX guidance
Brazilian state-owned oil and gas giant Petrobras has revised its oil and gas production and CAPEX guidance for 2023.
BeHydro’s hydrogen dual-fuel engine receives LR’s blessing
Classification society Lloyd’s Register (LR) has awarded a type approval to BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC), for its hydrogen-powered dual-fuel engine.
French partners setting up research laboratory to boost large-scale green hydrogen production
Elogen, a GTT Group company specializing in PEM electrolysis, has signed a partnership agreement with the French National Center for Scientific Research (CNRS) and Université Paris-Saclay to create a joint research laboratory and accelerate large-scale green hydrogen production. The parties formed t
Ocean Yield buys two Suezmaxes with sustainability-linked lease
Norwegian shipowner Ocean Yield AS has agreed to acquire two 2022-built Suezmax tankers that will be chartered out under a sustainability-linked lease agreement.
Infill drilling campaign off Malaysia almost done, but four more wells may be on the cards
Jadestone, which is in the process of wrapping up its infill drilling program offshore Malaysia, is contemplating another four-well campaign.
UK firm lands North Sea deal with Neptune
Plexus Holdings has won a rental contract with Neptune Energy for a plug and abandonment (P&A) project in the UK sector of the North Sea.
In focus: Increase in fossil fuel production threatens global climate goals
Despite all the efforts exerted by the governments and companies around the world to reduce carbon emissions and reach ambitious net-zero targets, the new 2023 Production Gap Report shows that global coal, oil and gas productions are still increasing while planned reductions are nowhere near enough
ExxonMobil doles out $1.26 billion for FPSO operating off Guyana
ExxonMobil has paid around $1.26 billion to SBM Offshore for an FPSO, which is working off the coast of Guyana.
KEMA Labs drives energy transition through large expansion of HVDC testing capabilities
Our world stands at a crucial crossroads on the journey to reduce carbon emissions and adopt renewable energy sources. Shifting towards clean energy is not merely a choice but an imperative in the battle against climate change and the pursuit of a sustainable future. This transition is gaining momen
Hanwha Ocean cuts steel for BW LNG’s next LNG carrier newbuild
South Korean Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has held a steel-cutting ceremony for a new LNG carrier to be built for Norway-based gas shipping company BW LNG. The shipping company shared the update on its social media channels on November 10, 2023,
With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers
Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.
NYK boosts fleet with new LNG-powered PCTC
Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari Shipbuilding Group.
The largest floating solar power plant in Southeast Asia comes online
The 192MWp floating solar plant, developed by Indonesia’s state-owned utility company PLN and Abu Dhabi Future Energy Company – Masdar, has been put in operation at Cirata hydropower reservoir in West Java, Indonesia.