ICIS, a price reporting agency and provider of market intelligence for global energy and chemical markets, is set to launch the natural gas industry’s first assessment for liquefied natural gas (LNG) cargoes offered on a re-load, free on board (FOB) basis from Spanish LNG terminals. The number will
Lockheed Martin and Reignwood Group have signed a contract to start design of a 10-megawatt Ocean Thermal Energy Conversion (OTEC) power plant, which, when complete, will be the largest OTEC project to date. Lockheed Martin is the industry leader in the development of OTEC technology, holding 19 rel
BP announced today it will commit $4 million to launch a new strategic partnership with The University of Texas at Austin to support several leading-edge oil and gas industry research projects, with the potential for increased contributions as new studies are identified in the future. The collaborat
Lockheed Martin and Reignwood Group have signed a contract to start design of a 10-megawatt Ocean Thermal Energy Conversion (OTEC) power plant, which, when complete, will be the largest OTEC project to date. Lockheed Martin is the industry leader in the development of OTEC technology, holding 19 rel
A multi-million Euro project has advanced global progress on capturing tidal and wave energy thus bringing the EU closer to its target of generating 20% of its energy consumption from renewable sources by 2020. Co-ordinated by University College Cork, Ireland, the EUR 11 million initiative with the
Deltares aims to team up with the corporate sector and top research institutes to launch an international research project focusing on the safe burial depth of sea cables against encounters with ships’ anchors. The R&D project will be conducted in the form of a Joint Industry Project (JIP) named SAF
Ocean Power Technologies, Inc. today announced that the Company has received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. (“MES”) to provide the final design and supply of key components of a PowerBuoy system intended for deployment off the coast of Japan to demonstrate i
The Federal Maritime and Hydrographic Agency (BSH) has presented a study, according to which wind farms can benefit biodiversity. The data have been collected from the demonstration offshore wind farm Alpha Ventus. The foundations of the wind turbines have become “artificial reefs” at which shells,
PETRONAS announces new gas discoveries in three of its upstream ventures in Malaysia, Indonesia and Australia. The first discovery is via the Pegaga-1 well in Block SK320, offshore Sarawak, which is operated by Mubadala Petroleum through a Malaysian affiliate. PETRONAS Carigali Sdn Bhd, a subsidiary
A floating wind turbine of 2MW capacity started generating power near Nagasaki prefecture on Monday (October 28), Bloomberg informs. This is a demonstration project, which is carried out by a group led by Toda Corporation for the Japanese Ministry of the Environment. Last year, the group installed a
ULSTEIN’s latest design contract for Vroon Offshore Services pushes the total number of offshore ship designs sold past the 100 mark. This milestone has been achieved in 14 years, with 74 of the contracts signed for the X–BOW® design. The numbers behind that ‘headline hundred’ are a testimony to the
The high cliffs of Eastern Siberia – which mainly consist of permafrost – continue to erode at an ever quickening pace. This is the conclusion which scientists of the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research have reached after their evaluation of data and aerial photo
Businesses developing innovative solutions for wave, tidal and offshore wind technologies are to get extra help from the UK’s innovation agency. Speaking at the European Ocean Energy Conference in Edinburgh, Energy and Climate Change Minister Greg Barker revealed that up to £7m of support will be av
Renewable energy developer Current2Current Ltd are delighted to confirm their prototype has recently been producing electricity in the North Sea enabling the company to move ever closer to securing its future as a renewable energy production company. Generating electricity from ocean currents and ti
