Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
Russian natural gas producer Novatek had signed a cooperation agreement with Russia’s Voronezh region to increase the participation of the local companies in Novatek’s LNG projects.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Dutch-based start-up Teamwork Technology has transported the turbine for its Symphony Wave Power device back to the Netherlands for a new set of trials.
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
The European Sea Ports Organisation (ESPO) has embraced the European Commission’s proposal setting out the new guidelines for the Trans-European Transport Network (TEN-T).
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
In view of the upcoming CO2 emission regulations, Finland-based green tech company Langh Tech has started researching the possibility of carbon capture onboard vessels.
Houston-based Talos Energy has elected a former Noble Energy executive to lead its carbon capture and sequestration business.
SIMEC Atlantis Energy has stepped up its efforts to redeploy three MeyGen tidal turbines, after a setback faced with the reinstallation of the first turbine to the Caithness site.
Hutchison Ports BEST, a semi-automated terminal, aims to become the greenest container terminal in the Mediterranean with 100% electricity coming from renewable sources starting from 2022.
United Arab Emirates-based oil company Abu Dhabi National Oil Company (ADNOC) is studying options for LNG bunkering operations to serve its new LNG-fueled vessels.
Norwegian sea-state monitoring firm Miros has installed its WaveSystem IoT dry-sensor onboard Prysmian’s cable-laying vessel Leonardo da Vinci.
Contencon Manzanillo (CMSA), a subsidiary of Manila-based International Container Terminal Services, Inc. (ICTSI), is investing $230 million to expand the Second Specialized Container Terminal at the Port of Manzanillo in Colima, Mexico.
