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Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs).

Business Developments & Projects

EIC Accelerator backs CorPower Ocean with up to €17.5M to advance wave energy tech

Swedish wave energy technology developer CorPower Ocean has secured up to €17.5 million in funding from the European Innovation Council (EIC) Accelerator to support commercializing its wave energy solutions. The company noted that the funding package includes a €2.5 million grant and a €15 million p

about 1 year ago

Interview with Madoqua: Clear regulations needed to kick-start green fuels bonanza

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Business Developments & Projects

Interview with Madoqua: Clear regulations needed to kick-start green fuels bonanza

Offshore Energy spoke with Madoqua’s Chief Commercial Officer, Marloes Ras, about the current challenges and opportunities that could drive forward the adoption of green fuels in the maritime industry.

about 1 year ago

Business Developments & Projects

Diversification of Dutch gas supply key to avoiding geopolitical pressure, says local player

According to the Netherlands-headquartered Traffic Family, the country needs to diversify its gas supply to boost energy security and decrease its susceptibility to geopolitical pressure.

about 1 year ago

FPSO Fast4Ward design; Source: SBM Offshore

Business Developments & Projects

SBM Offshore gets carbon capture modular solution study for FPSOs on Petrobras’ oil & gas assets

SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has been tasked with a study encapsulating the design and the commercial evaluation of various carbon capture systems’ configurations to be installed on future floating production, stor

about 1 year ago

A photo of CEO of LS Cable & System, Managing Director of Balmoral Comtec. and CEO of LS Marine Solution after the signed memorandum of understanding

Business Developments & Projects

Balmoral Comtec enters agreement for Korea’s 750 MW floating wind project

Balmoral Comtec, part of Balmoral Group, has signed a memorandum of understanding (MoU) with LS Cable & System and LS Marine Solution to collaborate in the floating offshore wind sector and on the 750 MW Bandibuli/Firefly project in South Korea. The agreement with the Scotland-based buoyancy, protec

about 1 year ago

Business Developments & Projects

CORE POWER announces US-anchored maritime civil nuclear program

UK-based maritime nuclear innovation company CORE POWER has launched a U.S.-anchored maritime civil nuclear program, titled Liberty, that aims to bring floating nuclear power to market by the mid-2030s.

about 1 year ago

Business Developments & Projects

NYK unveils name of new subsidiary with ENEOS’ fleet

Japanese shipping companies NYK and ENEOS Ocean Corporation have revealed the name of the new company that will soon commence official operations as NYK’s subsidiary.

about 1 year ago

Bałtyk I, II, and II locations in the Baltic Sea

Business Developments & Projects

Van Oord wins seabed protection work on Polish offshore wind farms

The Dutch company Van Oord has signed a contract with Equinor and Polenergia to perform seabed protection work at the Bałtyk 2 and Bałtyk 3 offshore wind farms in Poland. The contract covers the supply, transport, and installation of stone ripraps on the seabed to protect the cables and foundations.

about 1 year ago

Business Developments & Projects

Chevron enhancing fault modeling with AI-driven solution

Chevron Technical Center has expanded the strategic cooperation with France-headquartered seismic interpretation solutions firm Eliis to advance subsurface characterization through technology.

about 1 year ago

Map showing location of new discovery; Source: Petrobras

Business Developments & Projects

Petrobras strikes black gold within producing oil field’s pre-salt offshore Brazil

Petrobras has made a new oil discovery in the pre-salt area of its existing field off the coast of Brazil.

about 1 year ago

Business Developments & Projects

Construction begins on UK’s $3 billion subsea electricity superhighway

Construction has commenced on the Eastern Green Link 1 (EGL1) subsea electricity superhighway in the UK, which will transport green electricity for two million homes along over 190 kilometers of predominantly undersea cable linking the south-east of Scotland with the north-east of England. The 2 GW

about 1 year ago

A small island with three processing plants

Business Developments & Projects

First gas flows from Santos’ infill well offshore Australia

Australian energy player Santos has started production from its infill well offshore Western Australia six weeks ahead of schedule.

about 1 year ago

For illustration purposes only. Source: WindFloat Atlantic © Principle Power / Ocean Winds. Taken from: WavEC

Business Developments & Projects

Seabed survey unlocks insights for floating offshore projects in Portugal

A geophysical and geotechnical survey conducted offshore Viana do Castelo by Portugal’s WavEC Offshore Renewables has provided data on the seabed’s characteristics, supporting the development of floating offshore renewable energy projects. The study, carried out within the Technological Free Zone (Z

about 1 year ago

Business Developments & Projects

US autonomous subsea robot enters acceptance testing phase

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has kicked off the acceptance testing phase of its second Aquanaut vehicle, which facilitates the transformation of tethered remotely operated vehicle (ROV) operations to fully autonomous operations. Nauticus Ro

about 1 year ago