With the fuel transition underway, the shipping industry will need massive onboard technology investments ranging between $8 to $28 billion per year between 2022 and 2050 to reach full net-zero goals, a forecast released by the classification society DNV reports. DNV released its sixth maritime fore
API advocates for a ramp-up of U.S. oil and gas production to solve energy security and energy transition concerns.
Aberdeen-based Rotech Subsea has set up an entity in Taiwan to service the demand coming from the local offshore wind sector. According to Rotech, the move comes as it had completed a series of cable trenching and seabed leveling campaigns in Taiwan’s offshore wind sector and secured new contracts.
Carbon capture and storage (CCS) has emerged as an important pathway to contribute to the global carbon dioxide (CO2) reduction goals and support energy transition efforts. In parallel, this has given the shipping and shipbuilding segments the opportunity to shine.
Slovenia-based company Sigma Energija (Sigma Energy) has deployed a full-scale wave energy device offshore the city of Bar in Montenegro.
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) and classification society DNV have signed a memorandum of understanding (MoU) to develop wind assistance propulsion technology. The two parties signed the MoU during this year’s Gastech, a global gas, LNG, hydrogen, and
As the UK gets its new PM, OEUK believes this is an opportunity to accelerate energy transition with domestic oil & gas investments.
The partners in the EU-funded €3.4 million LiftWEC project have selected the final concept for a wave energy device, based on hydrodynamic lift forces, that will be put through its paces at the wave tank in Ecole Centrale de Nantes.
French shipping major CMA CGM has decided to create a Special Fund for Energies, backed by a five-year $1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The fund will invest to support the industrial production of new fuels and low-emission mobility soluti
The U.S.-based ballast water treatment provider Ecochlor and China’s marine solutions provider company Sinotech have signed a new agreement to advance long-term sales, marketing and technical assistance and foster mutual maritime relationships worldwide.
Ashtead Technology is expanding its mechanical solutions service offering with the acquisition of WeSubsea, a provider of subsea dredging technology solutions. The transaction is expected to close during the fourth quarter of the year and will be Ashtead’s sixth acquisition in the past five years. A
South Korean shipbuilder Hyundai Heavy Industries (HHI), autonomous navigation solutions startup Avikus, classification society Korean Register (KR) and Liberian Registry are collaborating to commercialise autonomous navigation technology. The parties signed a memorandum of understanding (MoU) on 26
Marine Energy Wales has released its annual ‘State of the Sector Report’ which dives into the opportunities and economic benefits of the developing marine energy sector in Wales.
Irish utility company Electricity Supply Board (ESB) and asset-focused energy company dCarbonX have signed a joint venture agreement to progress large-scale energy storage projects off the coast of Ireland.
