Swedish wave energy company Seabased has unveiled plans to build a 10MW wave power park at Audierne Bay, located in the French region of Brittany.
A new partnership between academia and business entities has been established in East Asia under the joint goal of introducing and developing marine energy industry in Taiwan.
Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.
The Dutch Energy from Water Association (EWA), an industry group promoting renewable energy generation from water in the Netherlands, has announced the appointment of a new board.
A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental
Northern Drilling has no rigs in operation but it does have two new 7th generation ultra-deepwater drillships whose fate is still uncertain.
French marine energy company HydroQuest has unveiled plans to develop a 17.5MW tidal energy farm at Raz Blanchard site, located off Normandy in France, following the takeover of the concession for the site from its former operator EDF Renewables.
Total shipbuilding orders in the first five months of this year have increased by 119.7% compared with the same period in 2020, BIMCO’s data shows. The massive rebound in ordering has been driven by record high containership contracting, as investors in this segment find themselves flush with cash.
Canadian energy company Suncor has announced its intentions to cut emissions by a third and become a net-zero company as investors and courts start putting pressure on oil companies.
Marine Power Systems (MPS) has opened pre-registration for early access to a crowdfunding campaign run by equity investment experts Crowdcube, with the public campaign due to go live in June.
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.
