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Business & Finance

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UK’s zero-emission shipping projects get £80mln financial support
Business & Finance

UK’s zero-emission shipping projects get £80mln financial support

The UK Government has revealed the winners of the Zero Emission Vessel and Infrastructure fund (ZEVI), supporting economic growth and boosting the UK’s decarbonisation efforts with £80 million investment.

about 3 years ago
African nations back carbon levy on shipping
Business & Finance

African nations back carbon levy on shipping

A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for new global taxes to fund climate change action and adaptatio

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about 3 years ago
Christening ceremony of Calypso cable-laying vessel; Source: Van Oord
Business & Finance

Van Oord christens its second cable-laying vessel

Van Oord has christened the newest member of its fleet, a next-generation, custom-built cable-laying vessel in the Netherlands.

about 3 years ago
In focus: Road to net zero has become much bumpier
Business & Finance

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago
Orbital Marine Power’s O2 floating tidal turbine (Courtesy of Orbital Marine Power)
Business & Finance

Industry unites to praise ‘fantastic day’ for UK tidal energy sector

Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy se

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030

The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.

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

Another player joins mission to explore CCS value chain between Australia and Japan

Woodside has inked a non-binding MoU with KEPCO to enable studies of a potential CCS value chain between Japan and Australia.

about 3 years ago
Illustration/Magallanes Renovables’ tidal energy platform (Courtesy of Magallanes Renovables)
Business & Finance

The tide turns for marine energy projects in Wales

Marine Energy Wales has welcomed the announcement that four tidal stream projects, based in Welsh waters, have been given the green light to provide electricity to the National Grid, as part of the latest allocation round of the UK government’s renewable auction.

about 3 years ago
Post-installation survey next on the list for Viking Link
Business & Finance

Post-installation survey next on the list for Viking Link

A post-installation survey is set to soon commence at the Viking Link project in the North Sea after Prysmian completed the last section of the submarine cable for the UK-Denmark interconnector. The last section was laid and assembled 172 kilometers off the Danish coast in German and Dutch waters on

about 3 years ago
Illustration/AR1500 tidal turbine (Courtesy of SIMEC Atlantis)
Business & Finance

UK supports 11 tidal energy projects with record capacity of over 50MW in latest CfD auction round

In its fifth round of the Contracts for Difference (CfD) scheme, the UK has supported 11 tidal energy projects with a record capacity of over 50MW and €11.6 million total ringfenced budget.

about 3 years ago
David Sheret (Archer Knight) and David Boggs (Energy Maritime Associates); Source: Archer Knight
Business & Finance

Two firms embark on merger quest to create ‘formidable force’ in offshore energy market intelligence

Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA).

about 3 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Valaris rig starts drilling work in Gulf of Mexico

Offshore drilling contractor Valaris has confirmed the start of a new contract for one of its semi-submersible rigs in the U.S. Gulf of Mexico (GoM).

about 3 years ago
Hornsea contract
Business & Finance

Offshore wind developers take a pass on UK’s fifth CfD round as maximum bid price was too low

The UK government has awarded 3.7 GW of renewable energy projects with Contracts for Difference (CfDs) in its fifth allocation round. Among the 95 new projects that secured CfDs are onshore wind, solar and tidal energy developments – and not a single megawatt of offshore wind. According to the gover

about 3 years ago
Sedat Basak Uni-Tankers
Business & Finance

Uni-Tankers in major fleet expansion swoop

In a strategic move set to bolster its maritime capabilities, Danish ship owner and operator, Uni-Tankers, has unveiled that it has added five new vessels to its fleet. The fleet expansion includes long-term deals for four newbuilding vessels and one ECO small clean chemical/product tanker built in

about 3 years ago