Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.
The Penguin wave energy device, developed by the Finnish company Wello, is completing the last leg of its journey to the Basque Country where it will be installed for testing at the Biscay Marine Energy Platform (BiMEP).
Australia’s Strike Energy has the appointed Crispin Collier as its chief development officer.
German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.
On May 18, Ship Recycling Transparency Initiative (SRTI) hosted by the Sustainable Shipping Initiative (SSI) published its annual progress report compiling data from twelve major shipowners which operate a total of 3439 vessels.
Orbital Marine Power has signed an agreement with Perpetuus Tidal Energy Centre (PTEC) to deploy its tidal turbines offshore the Isle of Wight.
German marine energy start-up SINN Power has opened an office in the Americas and appointed three new members to its team.
French company EEL Energy has ramped up testing activities on its tidal energy technology whose design was inspired by bio-mimicry ahead of trials at SEENEOH test centre in Bordeaux planned for this year.
The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t
OMV reviews its industry association memberships to see whether they are aligned with the net-zero by 2050 goal.
Finland-based provider of auxiliary wind propulsion systems Norsepower has partnered with UK’s ship management company Newport Shipping (NS) to become wind propulsion provider within NS digital platform created for shipowners planning retrofit projects.
The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating
Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
