Business & Finance
Molslinjen to test flywheel technology onboard its ferries
Danish ferry operator Molslinjen has entered into a strategic technology and investment deal with compatriot energy storage firm WattsUp Power A/S. The company produces so-called flywheels, which in theory can enable a fast ferry to run entirely on green energy. A flywheel is essentially a mechanica
Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says
A new report by the Tyndall Centre at the University of Manchester, which highlights the role of the shipping sector in transporting green fuels, is urging governments to create far stronger national policies on low-carbon fuels in order to bridge ‘a yawning gap’ between government-led projects and
International declaration calls for reduction of greenhouse gas emissions from fossil fuels
The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a
Morlais tidal energy scheme hires environmental helping hand
Menter Môn, the manager of the Morlais tidal energy project, has awarded a contract to UK-based engineering and environmental consultancy HR Wallingford related to environmental monitoring services.
Prysmian wins major contract for landmark Middle East interconnection project
Prysmian Group has won a €60 million contract to lay the submarine cables for the Project Lighting interconnection project in the United Arab Emirates. Prysmian entered into a €220 million limited notice to proceed in January with Samsung C&T, as part of its EPC consortium with Jan De Nul, for the p
Wello inks deal to deploy 12MW wave energy park in Taiwan
Finnish company Wello has signed a contract with Sin Mao Group to deploy a 12MW wave energy park in Taiwan.
Aquaterra eyes long-term integrity of carbon capture and storage sites with new tool
UK-based Aquaterra Energy has unveiled a new CO2 management platform for long-term monitoring and sustained integrity of underwater carbon capture and storage (CCS) sites. The integrated solution is said to provide monitoring of both sub-surface fiber optic seismic arrays, as well as dissolved CO2 g
Norway spearheading low-emission rig adoption, says Westwood
Westwood has found that Norway leads the way in the adoption of emission-reducing modifications for offshore rigs.
Pavilion Energy, Gasum & CNOOC to bolster global LNG bunker network
Pavilion Energy, Gasum, and CNOOC Gas and Power Group have signed a Heads of Agreement (HoA) for strategic collaboration to strengthen a global LNG bunker supply network for their customers in the world’s top three bunkering regions, namely Singapore, North West Europe, including Amsterdam, Rotterda
Orcadian Energy gets North Sea license extension
The North Sea Transition Authority (NSTA) has granted oil and gas development company Orcadian Energy a one-year extension for license P2244, which contains the Pilot oilfield. The Second Term of the license was due to expire at the end of this November and has now been extended to the end of Novemb
Dunlop: The environmental price to pay if we fail to act is high
The shipping industry is waking up to the fact that it needs to do something now to decarbonize, and ESG rightfully sits firmly alongside safety as a key decision driver in the industry, Matt Dunlop, Sustainability & Decarbonisation Director at V.Group said in an interview with Offshore Energy. Matt
Second well in Black Sea drilling campaign days away from being back on stream
Trillion Energy is anticipating the restart of production from the second well in its 2022 – 2023 drilling programme this week.
Mocean Energy secures patent for its wave energy technology in China
Scottish company Mocean Energy has secured patent protection for its floating hinged raft wave energy technology in China.
CRP Subsea changes hands
UK-headquartered AIS has acquired CRP Subsea as part of its growth strategy and with the aim of expanding its range of subsea offerings. Based in Skelmersdale, England, CRP Subsea, formerly Trelleborg Offshore UK, delivers polymer and syntactic foam-based buoyancy and protection products for the off