Outlook & Strategy
Oceaneering to add DriX USV to its fleet
Oceaneering International is planning to acquire Exail’s DriX uncrewed surface vessel (USV) as part of its introduction of a new USV service to support remote survey work scopes. Oceaneering announced on 5 September that its Subsea Robotics group was introducing a new USV service that will utilize d
Mocean Energy hails €3.7M EuropeWave funding boost as significant step towards wave energy scale-up
Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.
Polish firm pursuing operator role for only CO2 exploration license in Barents Sea
Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
WinGD, Samsung Heavy Industries join forces on ammonia-powered ships
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
CorPower Ocean’s next-gen wave energy device hits waters offshore Portugal
Swedish company CorPower Ocean has installed its first commercial-scale wave energy converter in northern Portugal, setting the course to making wave energy a bankable technology for mass deployment.
Prysmian reserves capacity to deliver Australian interconnector
Prysmian Group has signed a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator (TSO) TasNetworks, to reserve the capability to deliver a power interconnector project in Australia. The agreement includes the Commonwealth Government underwriti
EuropeWave unveils top 3 wave energy finalists
EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.
SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables
SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables.
JERA, Uniper and ConocoPhillips pen hydrogen and ammonia supply deal
Japan’s JERA, through its subsidiary JERA Americas, has signed a Heads of Agreement (HoA) with Uniper Global Commodities in Germany and ConocoPhillips in the United States (U.S.) for the sale to Uniper of low-carbon hydrogen/ammonia produced in the U.S. JERA said that the company will contribute to
Commonwealth LNG and MET Group sign 20-year LNG supply deal
U.S.-based Commonwealth LNG and Switzerland-based MET Group have entered into a Heads of Agreement (HoA) for the sale and purchase of one million tons per annum (mtpa) of liquefied natural gas (LNG) for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana, U.
Op-ed: Contracts for Difference – Time for something different?
Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.
Rystad Energy: 55 CO2 carriers needed by 2030
A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will
WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom
Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.
ACWA Power inks cooperation deals with six Italian partners, hydrogen included
ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). T