While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr
A design scheme of China’s first offshore oilfield fracturing vessel passed the basic design review of China Classification Society (CCS).
The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in marine energy industry.
Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH
In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se
Shipping companies Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have joined JSE Ocean, a subsidiary of Japan Suiso Energy (JSE), with JSE remaining the majority shareholder with 50.2% of the stock, whilst the shipping companies hold 16.6% each. Th
Bumi Armada, and Pexco Tarakan have inked a production sharing contract (PSC) for an exploration block in the Tarakan Basin.
Maersk Supply Service has secured a contract extension under which it will continue supporting subsea operations offshore Angola for an additional 15 months. The Danish company reported on September 25 that a customer had extended the contract for the 2017-built subsea support vessel Maersk Involver
BlueNord has dropped out of a mini oil and gas licensing round for exploration and extraction in a defined area in the Danish North Sea.
Trillion Energy has unveiled plans for the rest of 2023 along with its 2024 multi-well drilling program at a gas field in the Black Sea.
Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate
Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera
Ulstein Design & Solutions has secured a contract with Fugro to redesign and convert two platform supply vessels (PSVs) into geotechnical vessels. Fugro said that by retrofitting the ULSTEIN PX121 design Fugro Resilience and Topaz Endurance PSVs, both built in 2015, it could unlock their versatile p
Saipem has hired China’s Bomesc to build a compression facility for an offshore natural gas project off the northern coast of Qatar.
