BP will be reducing its global workforce by 10,000 this year as part of its plans to make the organization smaller and fit for the energy transition.
Capital expenditure (CAPEX) on offshore wind is expected to surpass upstream oil & gas spending in Europe in 2022, according to Rystad Energy. The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in th
Norwegian Port of Oslo has signed a contract with compatriot Maritime Partner AS in Aalesund, Norway to purchase a new hybrid patrol boat.
1,400 GW of offshore wind globally by 2050 is entirely achievable considering the resource potential, technology innovation, and government appetite to position offshore wind at the centre of the global energy transition, the Ocean Renewable Energy Action Coalition (OREAC) said. OREAC estimates that
Marine energy developer Minesto has completed the first offshore installation phase of its Faroe Islands project. The company has set up the gravity-based foundation for the powerplant at the site in Vestmannasund. David Collier, COO at Minesto, said: “The operations team has managed to safely progr
On the UN’s World Oceans Day, energy company Equinor is launching its ambitions for reducing own emissions from ships, detailing how the company will help decarbonise shipping.
Offshore solar energy systems are an emerging application in which photovoltaic (PV) systems are installed directly over bodies of water. Floating solar photovoltaic is a subset of that technology in which PV panels are mounted on buoyant substructures. PV panel technology is similar to traditional
An ROV is a remotely operated underwater vehicle, also sometimes known as an underwater drone or underwater robot. ROVs can explore the subsea world while the operator, commonly known as the pilot, remains comfortably at the surface. The communication between the operator and the vehicle is controll
Subsea 7 has won a contract from SSE Renewables for Seagreen wind farm foundations and inter-array cables offshore Scotland. The Seagreen development will be a 1,075MW offshore wind farm, comprising 114 wind turbines off the east coast of Scotland. Subsea 7’s renewables division Seaway 7 will manage
Ningbo Orient Cable (NBO) has secured a contract from China National Offshore Oil Corporation (CNOOC) for two offshore platforms QingHuangDao32-6 and CaoFeiDian11-1. The work-scope is to provide 70 kilometres of subsea cable to transfer power from onshore to the platforms. This is the first onshore
2 June 2020 saw the launch of Zero Emission Services B.V. (ZES), a new company that helps increase the sustainability of the inland shipping sector by leasing exchangeable battery containers — known as ZES-Packs — to businesses in inland shipping.
French container shipping major CMA CGM is joining Maersk in committing to an industry goal of becoming carbon neutral by 2050. Speaking at the UN Global Compact on June 2, Rodolphe Saadé, the company’s CEO, announced CMA CGM’s plans of switching 10 % of its energy supply to alternative fuels by 202
Ferry shipping company Stena Line has cut its total CO2 emissions by 1.7 %, corresponding to 24,000 tonnes of CO2 in total, the company said in its sustainability report for 2019. The report further indicates that ferry owners and operator managed to reduce its CO2 emissions per transported ton frei
The EU-funded Ocean DEMO project has opened its 3rd call. Successful applicants will receive free access to test their ocean energy products and services in real sea environments at the project’s network of test centres. This call will focus on supporting technology developers with high readiness le
