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Innovation

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Minesto sees slight decline in operating income, widens operating loss
Innovation

Minesto sees slight decline in operating income, widens operating loss

Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2

about 2 years ago
First steel cut for advanced Spain-made unmanned vessel
Innovation

First steel cut for advanced Spain-made unmanned vessel

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Spain’s GONDAN Shipbuilders has cut the first steel for an advanced unmanned surface vessel (USV) that will perform subsea inspection, maintenance and repair (IMR) and survey work. GONDAN Shipbuilders started the construction of the USV in collaboration with USV A/S, an alliance of DeepOcean, Solsta

about 2 years ago
Ulstein unveils new subsea vessel
Innovation

Ulstein unveils new subsea vessel

Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei

about 2 years ago
BP, Equinor and TotalEnergies pick 9 contractors for UK's 'vital' decarbonization projects
Innovation

BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects

BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT

about 2 years ago
UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment
Innovation

Tadek Ocean Engineering designs mooring and cable solution for wave power subsea project

UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment. Aberdeen-based Verlume connected Mocean Energy’s Blue X wave energy converter with a Halo underwater ba

about 2 years ago
Oceaneering to get equipment that 'dramatically' reduces subsea geotechnical surveying time
Innovation

Oceaneering to get equipment that ‘dramatically’ reduces subsea geotechnical surveying time

Oceaneering has placed an order with a UK-headquartered company for a next-generation auto-drop piston corer expected to enable time-saving for subsea geotechnical surveying. A piston corer is a long, heavy tube plunged into the seafloor to extract samples of soft sediment, which provide information

about 2 years ago
UK-based maritime autonomy solutions company Exail has introduced its transoceanic uncrewed surface vessel (USV), the Drix O-16 that can deploy multiple payloads and subsea assets
Innovation

Exail unveils ‘next-generation’ transoceanic USV geared for multi-robot missions

UK-based maritime autonomy solutions company Exail has introduced its transoceanic uncrewed surface vessel (USV), the Drix 0-16, that can deploy multiple payloads and subsea assets. With an autonomy of 2,500 Nm and a “unique naval architecture”, this USV can endure harsh ocean conditions and was eng

about 2 years ago
Oceanbird
Innovation

A bird with six wings: Tender design finalized for world’s first wind-powered RoRo

Oceanbird revealed that a tender design for the world’s first wind-powered roll-on/roll-off (RoRo) vessel has been finalized.

about 2 years ago
Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array
Innovation

Tadek backs Magallanes Renovables in delivering its first commercial-scale tidal energy array

Spanish tidal energy developer Magallanes Renovables has partnered up with Tadek Ocean Engineering for support related to its first commercial-scale tidal energy array. Magallanes secured two contracts in Contracts for Difference (CfD) allocation rounds – the first at the Morlais Demonstration Zone

about 2 years ago
Yara invests in electrolysis technology firm to boost hydrogen production
Innovation

Yara invests in electrolysis technology firm to boost hydrogen production

As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Innovation

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago
NKT pursues shift to low-carbon aluminium with latest partnership
Innovation

NKT seeks to cut carbon footprint of power cables with latest partnership

Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz

about 2 years ago
Illustration; Source: Viaro Energy
Innovation

Nuclear tech comes to oil & gas aid for ‘first time’ as decarbonization quest gains ground

Viaro Energy has now set the wheels in motion to throw low-carbon nuclear technology into the oil and gas sector’s decarbonization mix.

about 2 years ago
Viking Line
Innovation

Viking Line launches ‘green sea conferences’ to cut emissions by 90%

Finnish shipping company Viking Line has launched green sea conferences, a new biofuel-based sustainable initiative offered on the company’s two climate-smart vessels.

about 2 years ago