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Business & Finance

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Illustration/Tidal turbine array with Tocardo technology (Courtesy of HydroWing)
Business & Finance

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.

about 3 years ago
Illustration/Tidal turbine technology proposed for the scrapped Swansea Bay Tidal Lagoon scheme (Courtesy of Tidal Lagoon Power/Archive)
Business & Finance
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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.

about 3 years ago
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Business & Finance

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.

about 3 years ago
DOF signs vessel deals with Subsea7 and Maersk Supply Service
Business & Finance

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

about 3 years ago
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Business & Finance

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.

about 3 years ago
£9 million grant in place for UK's first HVDC cable factory
Business & Finance

£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

about 3 years ago
Depsea Yantai rig; Source: Neptune Energy
Business & Finance

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.

about 3 years ago
Illustration; Source: TotalEnergies
Business & Finance

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.

about 3 years ago
Gasunie to use green method of financing for energy transition projects
Business & Finance

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

about 3 years ago
Fugro updates 2027 strategy, plans to expand into CCUS
Business & Finance

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

about 3 years ago
AHT Sentosa; Source: Seacontractors
Business & Finance

Two Boskalis vessels join Seacontractors fleet

The Netherlands-headquartered maritime service provider Seacontractors has expanded its fleet with the acquisition of two Boskalis’ anchor handling tugs (AHTs).

about 3 years ago
GKinetic's hydrokinetic turbine (Courtesy of GKinetic Energy)
Business & Finance

GKinetic Energy appoints former GE Hydro executive to its board

Irish hydrokinetic turbine developer GKinetic Energy has appointed Fergus Brady to its board as projects and partnerships development advisor.

about 3 years ago
Wintershall Dea enters second UK carbon capture and storage project
Business & Finance

Wintershall Dea enters second UK carbon capture and storage project

Carbon Catalyst has completed the farmout of a 10% interest in a carbon capture and storage (CCS) project in the UK North Sea to Wintershall Dea. Carbon Catalyst reported on November 14 that it had completed the farmout of a 10% working interest in the Poseidon carbon storage license located in the

about 3 years ago
N-Sea strengthens subsea activities with 60-meter-long vessel
Business & Finance

N-Sea strengthens subsea activities with 60-meter-long vessel

Netherlands-headquartered N-Sea is strengthening its fleet and subsea activities with a 2012-built offshore support vessel. N-Sea Group entered into an agreement with Rederij Groen to long-term charter the Dutch-flagged vessel 4-WINDS. The company said that with the long-term charter, it was strengt

about 3 years ago