Uruguay’s state-owned oil and gas company ANCAP has awarded two offshore blocks in the second instance of the 2022 Open Bidding Round.
Danish company Crestwing has entered the new year with significant funding support secured from both government and private entities that will be used to further advance its wave energy technology and bring it to market-ready stage.
India’s largest power generation company NTPC has partnered up with Tecnimont, a subsidiary of Italy’s Maire Tecnimont Group, to explore opportunities to develop a green methanol production facility. The companies have signed a non-binding memorandum of understanding (MoU) with an aim to jointly eva
Netherlands-based Symphony Wave Power has secured new funding and investor support to further advance its wave energy technology.
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
Some of the Bay of Fundy’s most exciting research continued this year in a large, collaborative effort to better understand how fish move through the Minas Passage and calculate the risk that they may encounter a tidal energy device.
TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to s
Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into the Brasse license in the northern North Sea. The aim of the partnership is to undertake a fast-track, low-cost review to assess whether a value accretive development concept can
In an op-ed piece, Tony Lewis, chief technology officer at OceanEnergy, sheds more light on the potential of wave energy and the expectations from the WEDUSEA project, being coordinated by the Ireland-based company.
UAE-based port operator AD Ports Group has joined forces with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to create a new offshore and tanker joint venture.
Japanese shipping major Mitsui O.S.K. Lines, Ltd. (MOL) has concluded a commitment line agreement through a transition-linked loan with Sumitomo Mitsui Banking Corporation (SMBC).
Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial
Engie’s Laborelec has placed the final order for a storage solution to Entech Smart Energies as part of the FORWARD2030 project, whose aim is to develop a multi-vector energy system and further advance floating tidal energy technology.
