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Concept for Ocean Harvesting’s InfinityWEC (Courtesy of Ocean Harvesting Technologies)

Outlook & Strategy

Ocean Harvesting launches €3M fundraiser

Swedish company Ocean Harvesting Technologies is raising €3 million in equity investment to finance the sea trials of its scale IninityWEC wave energy device.

about 4 years ago

Norwegian shipping firm buys new vessel and inks bareboat deal with Solstad

Outlook & Strategy

Shipping firm buys Normand Maximus vessel and agrees charter terms with Solstad

American Shipping Company has acquired a new OCV and signed a long-term bareboat contract for this vessel with Solstad Offshore.

about 4 years ago

Illustration/Ocean Sun's 223kWp floating solar demonstrator on Magat Dam (Courtesy of Ocean Sun)

Outlook & Strategy

Ocean Sun posts higher first quarter net loss, with slight rise in revenues

Norwegian floating solar company Ocean Sun has recorded a wider net loss in the first quarter of 2022, when compared to the same period a year earlier, with a slight increase in revenues.

about 4 years ago

The development area for Baltica 2 and 3 offshore wind farms (Courtesy of RockWave)

Outlook & Strategy

RockWave completes seismic datasets reprocessing for Baltica offshore wind farms

Seismic processing specialist RockWave has completed reprocessing of multiple seismic datasets on behalf of Ørsted and PGE Baltica for Baltica 2 and Baltica 3 offshore wind farms.

about 4 years ago

UK oil & gas regulator hands over North Sea carbon storage licences to BP and Equinor

Outlook & Strategy

UK regulator hands over North Sea carbon storage licences to BP and Equinor

The UK regulator has awarded two carbon storage licences in the North Sea – to store up to 23 Mtpa of CO2 by 2038 – to BP and Equinor.

about 4 years ago

Outlook & Strategy

Aqualung carbon capture initiative attracts Golar LNG, Global Ship Lease

Global Ship Lease (GSL), a London-based containership owner Global Ship Lease (GSL) and Golar LNG, a UK-based owner and operator of marine-based LNG midstream infrastructure, have invested in a carbon capture initiative led by Aqualung Carbon Capture AS.

about 4 years ago

Outlook & Strategy

Europe eyes gas-rich African nations for new supplies, Rystad says

Africa is conservatively forecast to reach peak gas production at 470 Bcm by the late 2030s, according to Rystad Energy research.

about 4 years ago

Outlook & Strategy

Port of Kiel to get more shore power plants on journey to net zero

Port operating company Seehafen Kiel has commissioned technology company Siemens AG to build two onshore power plants in the Ostuferhafen at the Port of Kiel.

about 4 years ago

The 500kW floating solar unit in Albania (Courtesy of GCLSI)

Outlook & Strategy

Chinese floating solar modules supplier on point for Ocean Sun’s project

China-based GCL System Integration Technology (GCLSI) has provided solar modules for Ocean Sun’s floating solar project in Albania, which will be expanded to 2MWp by the end of the year.

about 4 years ago

Outlook & Strategy

XOCEAN buys Irish survey specialist Geomara

Ireland-based ocean data company XOCEAN has completed the acquisition of compatriot hydrographic survey company Geomara as part of its strategic global growth plan. The acquisition follows the investment of €8 million in September last year aimed to accelerate XOCEAN’s growth. Geomara has been provi

about 4 years ago

The first tidal turbine from Nova Innovation, named Flo, to be deployed in Canada (Courtesy of Nova Innovation)

Outlook & Strategy

Nova Innovation showcases tidal turbine ahead of installation in Canada

Scottish company Nova Innovation has welcomed Nova Scotia’s premier Tim Houston at its facilities to showcase the first turbine to be deployed in the waters of Petit Passage in July 2022.

about 4 years ago

Outlook & Strategy

Noreco CFO takes over CEO role as well

Noreco has appointed its CFO as its new CEO, enabling him to carry out the required duties for both roles in the future.

about 4 years ago

Sustainable Marine's PLAT-I floating tidal energy platform in Nova Scotia (Courtesy of Sustainable Marine)

Outlook & Strategy

Sustainable Marine exports first floating tidal power to Nova Scotia grid

UK-based marine energy company Sustainable Marine has harnessed the enormous tidal currents in Canada’s Bay of Fundy, delivering the first floating in-stream tidal power to Nova Scotia’s grid.

about 4 years ago

Outlook & Strategy

Flagship Founders’ new startup zero44 to help shipping companies control CO2 footprint

Flagship Founders has unveiled its third start-up, zero44, that aims to help shipping companies, ship managers and charterers monitor and control their fleets’ CO2 emissions to improve their carbon footprint.

about 4 years ago