India’s Oil and Natural Gas Corporation Limited (ONGC) and NTPC Ltd. have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in
Swedish wave energy developer Waves4Power will install its WaveEL system at the European Marine Energy Centre (EMEC) in 2021. The company has secured EU Interreg Ocean Demo grant, giving it access to EMEC’s power-connected test berths for three years. The grant also allows Waves4Power to deliver and
The Testing Expertise and Access for Marine Energy Research (TEAMER) program will begin accepting applications for testing and expertise support on 26 May. Announced by the US DOE last year, TEAMER’s mission is to accelerate the viability of marine renewables. It provides access facilities and exper
Norwegian Shipowners’ Association has unveiled a new strategy whose goal is for the entire Norwegian fleet to be climate neutral by 2050.
Next Geosolutions has secured a contract with Swedish TSO Svenska kraftnät for the Hansa PowerBridge complementary marine survey. The Hansa PowerBridge (HPB) project is a 300-kilometre HVDC interconnector between Sweden and Germany. The contract will see Next Geosolutions carrying out marine geophys
Using their decades of experience in the oil and gas sector, three majors are moving forward with a project which will enable the transport of carbon dioxide captured from industrial sites in Norway and its storage in a reservoir below the seabed in the North Sea off Norway.
Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and Harbors, Environmental Defense Fund, and University College London Energy Institute have partnered with global network P4G. The new P4G Getting to Zero Coalition Partnership builds on the Get
Investments in the reduction of air emissions from ships would no longer be possible in a post coronavirus world, European shipping companies said in a new survey report.
BAE Systems is stepping up efforts to help marine operators get to a zero-emission future with electric power and propulsion technology.
UK clean energy technology innovator Enertechnos said it has raised £5 million in a Series A funding round. The round secured further 30 per cent backing by existing investors. The remainder were provided by individual investors, including energy and engineering specialists alongside former cabinet
Alfa Laval, a Swedish-based supplier of products and solutions for heat transfer, separation and fluid handling, has joined the ‘1.5°C Business Playbook’, a spin-off from the ‘Exponential Roadmap’ initiative. The playbook is a guide for climate strategy and action, and it aims to transform the econo
The coronavirus pandemic is opening up many new opportunities for the shipping industry, Cristina Aleixendri, COO at bound4blue, said during a video conference hosted by SMM.
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
The Norwegian Government has proposed to increase funding for mapping of seabed minerals and knowledge building. In its revised National Budget for 2020, Norway is looking to boost its previous funding from 70 to close to 140 million Norwegian kroner. Tina Bru, Norwegian Minister of Petroleum and En
