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Outlook & Strategy

UK firm secures almost $5M for Morlais tidal energy demonstrator build

UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group

about 1 year ago

Outlook & Strategy

Australia’s Energys gets green light for hydrogen plant in Victoria

Australia’s hydrogen company Energys has received planning approval for its green hydrogen production facility in Hastings, Victoria.

about 1 year ago

Outlook & Strategy

Marine warranty surveyor chosen for Australian 750 MW interconnector

Energy and marine consultancy ABL has been appointed to deliver marine warranty survey (MWS) services for a 750 MW, 345-kilometer-long power interconnector project in Australia. ABL’s operations in Australia will provide MWS services to support the marine transportation and installation (T&I) campai

about 1 year ago

Map showing the planned location of MESH and the existing energy infrastructure and projects surrounding it; Source: EnergyPathways

Outlook & Strategy

EnergyPathways to deploy Hazer’s hydrogen technology in its huge UK energy storage project

EnergyPathways has entered a memorandum of understanding (MoU) with Hazer to use its proprietary hydrogen production technology to develop a clean hydrogen facility that will expand the company’s MESH integrated energy storage project.

about 1 year ago

Eco Wave Power wraps floater production for U.S. pilot project

Outlook & Strategy

Eco Wave Power wraps up floaters production for US pilot project

Wave energy developer Eco Wave Power has completed production of all floaters for its first U.S. wave energy project, set for deployment at the Port of Los Angeles, which is expected to begin later this month. According to Eco Wave Power, the floaters, built by California-based All-Ways Metal, mark

about 1 year ago

Outlook & Strategy

IMO and IAEA grant official status to Nuclear Energy Maritime Organization

The Nuclear Energy Maritime Organization (NEMO), an organization focusing on the practical application of new nuclear solutions in the maritime industry, has received NGO Consultative Status at the International Maritime Organization (IMO) and a formal invitation to regularly participate in the Gene

about 1 year ago

Outlook & Strategy

Fugro to survey Irish seabed for future offshore wind farms

Fugro has secured a seven-year framework agreement with Irish transmission system operator (TSO) EirGrid to perform surveys for a project that will develop offshore electricity substations and export cable routes to connect Ireland’s future offshore wind farms on the south coast to the national grid

about 1 year ago

Outlook & Strategy

MMMCZCS, LR Decarb Hub unite to advance zero-carbon shipping goals

In a move that underscores growing collaboration in the race to decarbonize shipping, Lloyd’s Register Maritime Decarbonisation Hub (Decarb Hub) has become the latest Knowledge Partner of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS). The goal of the partnership is described a

about 1 year ago

Outlook & Strategy

ExxonMobil hires Helix for three-year plug and abandonment services

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a plug and abandonment (P&A) agreement with U.S. energy major ExxonMobil in the Gulf of America. The company’s Louisiana-based shallow water abandonment group Helix Alliance was awarded the three-year framework a

about 1 year ago

Outlook & Strategy

New tidal turbine blade tech project links Wales and Galicia

A new cross-border initiative to develop tidal turbine blades is underway in Wales, led by Menter Môn Morlais, developer of what is said to be Europe’s largest consented tidal energy scheme. According to Menter Môn Morlais, the project is backed by £1 million (approximately $1.3 million) in funding

about 1 year ago

Outlook & Strategy

John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers

John Cockerill Hydrogen has acquired part of the assets of McPhy to accelerate the development of its new generation of pressurized alkaline electrolyzers.

about 1 year ago

Outlook & Strategy

Pacific Basin closes its 2nd sustainability-linked loan

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has closed a new $250 million sustainability-linked 7-year senior secured committed revolving credit facility for general corporate purposes.

about 1 year ago

Aker BP to keep Oceaneering busy for three years or longer

Outlook & Strategy

Oceaneering looking at up to $90M in revenue thanks to contract with ExxonMobil

U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. Oceaneering Angola and Oceaneering Marin

about 1 year ago

Several people standing on stage at an MoU signing ceremony

Outlook & Strategy

Baker Hughes and Petronas forge alliance to boost Asia-Pacific’s energy transition

U.S.-headquartered energy technology giant Baker Hughes has signed a strategic partnership memorandum of understanding (MoU) with Malaysia’s Petronas to explore collaboration in areas that have the potential to support Asia’s energy transition.

about 1 year ago