Under the second stage of the Production Sharing Agreement of the Shah Deniz Project in Azerbaijan, LUKOIL Overseas Shah Deniz Ltd. has signed in Baku a 12 year credit-facility agreement with a consortium of banks to borrow USD 1 billion. The Asian Development Bank (ADB) and the European Bank for Re
WERPO, an Israeli wave energy developer, has announced plans to construct a wave energy plant off South Africa. The implementation of 500 MW wave power plant will be conducted with WERPO’s South African partner Wadamba Technovations Pty, through their joint venture. South Africa’s nearly 3.000 km of
According to the International Energy Agency (IEA), energy demand will rise by almost 40 percent in 2040. But at the same time the energy industry faces challenges with a changing climate which requires a drastic reduction of greenhouse gas emissions. So, it’s no surprise that renewable energy will
Seabed Geosolutions will soon mobilise for the variation order that was signed today (July 27) by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow water seabed survey. The survey, over the Ghasha-Butini field, will take around 12 months and has a value of around USD 125 million.
WERPO, an Israeli wave energy developer, has announced plans for the construction of a 10 MW wave power plant in Sri Lanka. WERPO has received approval for this renewable energy project from the Ceylon Electricity Board (CEB), the largest provider of electricity in Sri Lanka, WERPO’s press release r
Eco Wave Power (EWP) has completed the installation of its second generation wave power plant in Israel, and started parts procurement process for its new project in Gibraltar. EWP has been conducting wave pool testing as well as real conditions testing in order to prove the durability of its wave e
Eco Wave Power, an Israeli wave energy company, has developed wave energy technology that harnesses the energy of the waves at onshore and near shore site locations. Eco Wave Power has developed its proprietary wave energy converters which use Wave Clapper and Power Wing buoys that rise and fall wit
WERPO is looking to build ‘a very large infrastructure for ocean power generators’ together with an unnamed electrical supplier in China. According to WERPO, the company is currently in discussions with ‘one of the most important electric companies’ in China, through Beijing Capital Group (BCG) – WE
Drydocks World and Maritime World has received the “Innovative solution” Award at the distribution of “International Business Excellence Awards” ceremony, for the construction of subsea oil storage tank “Solan”. Drydocks World began working on subsea oil storage tank “Solan” in 2013 and delivered th
Alcatel-Lucent Submarine Networks and GoTo Networks have signed a turnkey contract to build Australia West Express, the first direct undersea cable between Australia, the Middle East and Africa. The AWE system will span the Indian Ocean, connecting Perth in Australia and Djibouti in north-east Afric
WERPO has signed an agreement with the Government of Guinea-Bissau, West Africa, for the development of a 500 MW wave power plant off the county’s coastline. The USD 500 mln agreement has been signed for creating a joint venture between the Government of of Guinea-Bissau and WERPO. The Guinea-Bissau
BIRD Energy has issued a new call for proposals for collaborative US – Israel renewable energy and energy efficiency projects. To be considered, a project proposal must include R&D cooperation between two companies or cooperation between a company and a university/research institution (one from the
Eco Wave Power, an Israeli wave developer company, has received approval from the Chinese government for the construction of its wave power plant in Zoushan island, China. Eco Wave Power (EWP), with the investment from Chinese government, established a subsidiary under the name Suzhou Eco Wave Techn
WERPO is arranging the beginning of negotiations in the private and public sectors in Grenada, in order to implement its wave energy technology off the coast of this island country. In mid-December WERPO announced the partnership agreement with Seedsowers Investors and Developer, appointing Seedsowe
