The energy transition is taking a more concrete shape with each passing day as witnessed in a week behind us that was full of announcements favoring the net-zero future coming from governments, across investment banks, all the way to private offshore energy companies.
The International Maritime Organization (IMO) failed to revise the current greenhouse gas (GHG) target for 2050 to speed up the decarbonization of the shipping sector.
OGA’s chairman insists on continuing North Sea exploration and describes it as vital to meet the UK’s energy needs, despite outcries to phase out fossil fuels.
The Technical University of Denmark (DTU) and Aarhus University (AU) have teamed up on a research project that aims to optimise the efficiency of Crestwing’s wave energy converter.
Amsterdam-based sustainable investment management company Prow Capital has launched a €420 million (about $474 million) green shipping fund.
The UK CMA has provisionally found that the proposed merger of Cargotec and Konecranes raises competition concerns.
Trinity has disclosed its farm-down plans, following the MEEI’s approval of its FDP for the Galeota project, off the East Coast of Trinidad.
Germany’s Port of Kiel has set the goal of reducing all of its carbon dioxide (CO2) emissions to zero by 2030.
Danish company Floating Power Plant (FPP) has signed an agreement with the Oceanic Platform of the Canary Islands (PLOCAN) to test its 5MW hybrid floating wind and wave energy platform off the coast of Gran Canaria.
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.
The voice of Europe’s ocean renewable energy industry, Ocean Energy Europe (OEE), has applauded the UK government’s decision to ringfence £20 million a year for tidal stream energy, calling the EU to step up for ocean energy as well.
Works to redevelop areas within Pembroke Port and create the infrastructure needed to support the development of a world-class marine energy hub have started.
The UK’s tidal energy industry has welcomed the government announcement of ring-fenced funding for tidal stream energy, deeming the move as ‘absolutely pivotal’ for reinstating the industry on its journey to large-scale power generation in the UK.
A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident, according to a National Transportation Safety Board (NTSB) Marine Accident Brief issued on 23 November.
