The U.S. gov’t has launched a new collaboration for improved safety and environmental stewardship in offshore energy exploration and production operations.
The IMO member states have agreed to give further consideration to the industry-led proposal for the establishment of a $5 billion research and development fund aimed at accelerating the introduction of zero-emission technologies into the shipping industry. The fund is being proposed as the shipping
A new consortium of international companies has been established under the name of Climate Power Plant Zeeland with the aim of building and operating a tidal power plant in the Dutch province of Zeeland.
Swedish developer Novige has secured funding from Sweden’s innovation agency Vinnova for the development of its NoviOcean wave energy prototype.
Canada’s Ocean Supercluster is supporting XOCEAN-led XO-G2 project which aims to develop the next generation survey platform in the form of uncrewed surface vessels (USV). With increased demand on the ocean for aquaculture, harvesting metals and energy extraction, companies need safer, lower cost, c
Sea Wave Energy (SWEL) has tested its Wave Line Magnet device at the Ecole Centrale de Nantes hydrodynamic and ocean engineering tank as part of the Marine Energy Alliance project.
McDermott has won a pre front-end engineering design (FEED) contract from Tata Steel B.V. for the Enhancing Value by Emissions Reuse and Emission Storage (EVEREST) Project. Specifically, Tata Steel has launched the preparatory plans for a project to capture CO2 from its blast furnaces in IJmuiden, t
The European Commission has presented the EU Strategy on Offshore Renewable Energy which sets a goal of reaching 40 GW of installed capacity for ocean energy, and other emerging technologies like floating wind and solar, by 2050.
The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has manufactured a wind turbine blade made of thermoplastic resin that can be recycled, and has now demonstrated its feasibility and structural integrity in partnership with Arkema Inc of Pennsylvania. This has been done wit
Danish company Crestwing has completed the second offshore testing campaign on its Tordenskiold wave energy device prototype.
UK Prime Minister Boris Johnson has released a £12 billion plan for a ‘green industrial revolution’ that is expected to support up to 250,000 jobs.
The Edinburgh-based start-up Mocean Energy has secured a major investment to advance the design of its Blue Star wave energy device, and drive its adoption in subsea oil and gas sector.
Tenaris line pipe technology team is working on the latest generation of products for HyLINE, a four-year project that looks to build safe pipeline infrastructure for hydrogen transportation. SINTEF and the Norwegian University of Science and Technology (NTNU) launched the HyLINE project in 2019. To
Japanese engineering major Mitsubishi Heavy Industries (MHI) is set to issue a $239 million (JPY 25 billion) green bond on November 24 as it aims to raise funds to support the decarbonization challenge. MHI revealed its green bond issuance plans at the end of October saying the funds raised would ta
