Business Developments & Projects
HydroWing gears up for Welsh tidal energy project with streamlined Tocardo turbines
UK-based company HydroWing has unveiled plans for its 10MW tidal energy project in Wales, supported by the UK government’s renewables auction scheme, which will future next-generation Tocardo tidal turbines wit significant increases in yield.
Jacobs to help advance new tidal range turbine technology
A Jacobs-led consortium of industry and academic organizations has been awarded funding from the UK government to help develop a new type of tidal turbine designed to improve the viability and potential of the country’s tidal range power projects.
Buchan wraps up offshore site investigations for 1 GW Scottish floater
Buchan Offshore Wind, a consortium comprising BayWa r.e., Elicio, and BW Ideol, has completed offshore site investigations for the 1 GW floating wind farm in Scotland. Ocean Infinity, who commenced the surveying process for Buchan Offshore Wind in April this year, used the Normand Superior vessel to
CorPower Ocean’s wave energy device sets new storm survivability record
CorPower Ocean’s C4 wave energy device, installed offshore Portugal, has survived another major storm off the country’s coast, withstanding waves of up to 18 meters.
Wärtsilä rolls out industry’s first 4-stroke ammonia engine
Finnish technology group Wärtsilä has introduced the marine sector’s first commercially available 4-stroke engine-based solution for ammonia fuel.
DOF signs vessel deals with Subsea7 and Maersk Supply Service
Norway’s DOF Group has secured a contract with Subsea7 and signed an agreement with Maersk Supply Service for two construction vessels. DOF won a contract with Subsea7 for a time charter of the 2008-built Skandi Acergy, a construction vessel equipped with a 400-ton crane and 2,000 m2 deck that has i
First-ever EU law to rein in methane footprint comes with crackdown on emissions from imports
The EU has taken steps to tackle methane emissions from the energy sector, with the European Parliament, Commission, and Council reaching a provisional agreement on the first EU-wide legislation to cut the methane footprint in Europe and its global supply chains.
The Netherlands and Germany bolster hydrogen ties
Germany and the Netherlands have signed joint declarations of intent to strengthen their cooperation in the field of hydrogen infrastructure and import and establish a cross-border hydrogen ecosystem. The declarations of intent were signed in Duisburg as part of the Dutch King Willem-Alexander’s wor
£9 million grant in for UK’s first HVDC cable factory
UK-based XLCC has secured a £9 million grant from Scottish Enterprise to continue the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. The grant follows planning approval of the proposed site from North Ayrshire Council in May. When fully operational, the site i
Neptune gearing up to spud North Sea wildcat with Odfjell Drilling-managed rig
Neptune Energy has secured a drilling permit from the Norwegian authorities for an exploration well in the North Sea off Norway.
TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation
TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.
Gasunie to use green method of financing for energy transition projects
Dutch energy company Gasunie has issued its first green bond, a loan for €300 million with a maturity of 9.5 years, intending to use the proceeds to finance part of its energy transition projects, such as the construction of the national hydrogen grid in the Netherlands. Gasunie revealed the company
Fugro updates 2027 strategy, plans expansion into CCUS
Fugro is planning to expand into the carbon capture utilization and storage (CCUS) segment as part of its strategy towards 2027. Fugro has updated its strategic agenda with three priorities, including growing and transforming current business, expanding into developing segments, and increasing recur
Nova Innovation installs floating solar demonstrator in the Port of Leith
Scottish marine energy company Nova Innovation has installed a marine floating solar demonstrator to power Forth Ports’ headquarters in the Port of Leith.