Trinity Exploration & Production has confirmed that a fire broke out at one of its platforms working at an oil field offshore Trinidad.
The U.S. Energy Information Administration (EIA) has slightly revised its forecasts, reducing OPEC production for the rest of 2023.
Elegant Exit Company (EEC), a sustainable ship recycling startup, is on a mission to change the ship recycling industry by converting old ships into green steel. The Drachten-based company was launched in 2020 with plans to own a fleet of end-of-life ships that will be operated until their planned r
The Danish Ministry of Climate, Energy and Supply has approved Energinet’s application for the replacement of a submarine cable that passes across Øresund connecting Denmark and Sweden. With the approval in place, Energinet can now begin the project to replace System 2 on the 400 kV cable connection
Veson Nautical, a London-based provider of maritime freight management solutions, has revealed plans to acquire vessel valuation provider VesselsValue. VesselsValue was founded in 2011 and is considered the market standard for daily updated, automated, vessel-specific valuations. VesselsValue is a d
Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.
The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. The Danish Energy Agency announced in August 2022 that three applicants – I/S Vestforbrænding, Ørsted Bioener
The Sustainable Hydrogen Powered Shipping Project (sHYpS), which is centred around the idea of developing a liquid hydrogen (LH2) swappable storage solution for multiple types of vessels, is gaining ground. Launched in the summer of 2022, the sHYpS project gathers 13 partners in six countries with a
The HyVelocity Hub team has put in an official application for funding from the US Department of Energy’s (DOE) $8 billion Regional Clean Hydrogen Hubs programme. The application came after the team received encouragement from DOE to apply for the funding. To note, the team submitted an initial conc
In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen
French floating solar start-up HelioRec has closed the first tranche of its seed round, securing new investments from First Imagine! and Techstars.
Singapore’s Sembcorp Marine has initiated a recruitment process for a new head of finance as the current Group Finance Director William Goh Khor Boon announced his resignation. Goh, who has held the position since May 2017, heads the company’s finance function and investor relations and corporate co
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has come up with recommendations after looking into a near-miss fatality.
The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain
