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Cameron McNatt, co-founder and managing director of Mocean Energy (Courtesy of Mocean Energy)

Business & Finance

Interview: Winning back investor confidence in wave energy – Mocean Energy’s guide

In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges

14 minutes read

Illustration (Courtesy of Offshore for Sure project)

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Business & Finance

Offshore for Sure to uphold innovative renewables’ place in the energy system

Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.

about 3 years ago

Business & Finance

Ports of Oakland and Yokohama to create a green shipping corridor

The Port of Oakland, USA, and the Port of Yokohama, Japan have signed the Green Shipping Corridor Memorandum of Understanding (MOU), paving the way to share best practices on the implementation of green initiatives to transform operations across the supply chain. The signing was part of the Port De

about 3 years ago

Business & Finance

Petrofac and Saipem to together tackle UK decommissioning job

Oilfield services provider Petrofac has secured a multi-million-pound contract with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove a 20,000-tonne topside using

about 3 years ago

Business & Finance

Chevron buying Hess Corporation for $53 billion

U.S. oil and gas major Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of the compatriot company in an all-stock transaction valued at $53 billion. Under the terms of the agreement, Hess shareholders will receive 1.0250 share

about 3 years ago

Business & Finance

Port of Colombo aims to become an eco-friendly port by 2030

The Sri Lanka Ports Authority (SLPA) aims to transform the Port of Colombo into an eco-friendly port by 2030, with a focus on renewable energy sources, aligning with the principles of a blue ocean economy. “In this context, we are actively exploring green energy solutions, including green methanol,

about 3 years ago

Balticconnector damage probe focuses on suspicious Chinese vessel

Business & Finance

Balticconnector damage probe puts Chinese vessel under investigation

The investigation into the damage to the Balticonnector gas pipeline between Finland and Estonia is now focused on the role of the Hong Kong-flagged NewNew Polar Bear container vessel, Finland’s National Bureau of Investigation (NBI) said. The Finnish police have established in the criminal investig

about 3 years ago

Sabella's D10 tidal energy turbine (Courtesy of Sabella)

Business & Finance

Sabella goes into receivership

French tidal energy company Sabella has been placed in a receivership following several months of dealing with financial difficulties.

about 3 years ago

New company to be created as part of Solstad refinancing

Business & Finance

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 3 years ago

Business & Finance

Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security

Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage

about 3 years ago

Business & Finance

Singapore shortlists six consortia for ammonia project

Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f

about 3 years ago

Illustration/TTI Renewables’ NetBuoy during tank trials (Courtesy of Wave Energy Scotland)

Business & Finance

WES boosts 5 projects to design new class of wave energy converters

Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.

about 3 years ago

Business & Finance

Rig en route to begin drilling campaign off Namibia

Portuguese oil and gas company Galp is getting ready to begin drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries. Galp’s partner, Canada-based Sintana Energy, said on October 19 that the semi-submersible rig Hercules is currently i

about 3 years ago

Business & Finance

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 3 years ago