A syndicate of significant Welsh investment angels has completed a £950,000 investment in Swansea-based renewable energy developer Marine Power Systems.
Energy intelligence group Wood Mackenzie reports Europe’s LNG market dynamics as the ones driving the LNG price recovery.
Norwegian shipping company Kanfer Shipping AS has signed a contract with China-based Taizhou Wuzhou Shipbuilding Industry for the construction of its first two small-scale LNG bunker and distribution ships. The order for the 6,000 cbm LNG bunkering pair comes on the back of a Letter of Intent (LoI)
A new electricity transmission link between Orkney and the Scottish mainland could be worth £807 million to Orkney economy if the wave and tidal energy industry makes use of the cable too, according to a study into the potential value of the cable.
Danish green hydrogen fuel provider Everfuel is making progress towards establishing value chains for production, distribution, and fueling of green hydrogen, for zero-emission mobility commercially available across Europe.
The United Kingdom will not commit to stopping new oil exploration in the North Sea despite warnings from the IEA that there can be no more oil and gas investments if the world wants to hit net-zero by 2050.
Welsh social enterprise Menter Môn has launched a new forum to promote the skills and training opportunities from the Morlais tidal stream project.
The energy transition represents $14 trillion worth of uncertainty for upstream oil and gas, according to a new report by energy intelligence group Wood Mackenzie.
Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.
Orbital Marine Power has signed an agreement with Perpetuus Tidal Energy Centre (PTEC) to deploy its tidal turbines offshore the Isle of Wight.
French company EEL Energy has ramped up testing activities on its tidal energy technology whose design was inspired by bio-mimicry ahead of trials at SEENEOH test centre in Bordeaux planned for this year.
Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
