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Transition

EU backs project to advance wave energy with €4 million grant

The European Union has awarded a €4 million grant to a project aimed at harnessing the untapped potential of wave energy. The SHY Project (Seawater HYdraulic PTO using dynamic passive controller for wave energy converters), a collaborative initiative dedicated to advancing wave energy, received the

about 2 years ago

Transition

Strohm Manager: Reusing existing pipelines for offshore hydrogen is the best solution, but…

Reusing existing pipelines for offshore hydrogen is the best solution that can be used, however, this does come with certain challenges, according to Bart Steuten, Product Development Manager at Strohm, Dutch thermoplastic composite pipe (TCP) producer. During Strohm’s presentation at The Stage at t

about 2 years ago

Transition

Equinor exits Azerbaijan

Equinor has signed an agreement with State Oil Company of Azerbaijan Republic (SOCAR) to divest all its remaining assets in Azerbaijan where it has been present since 1992. The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the

about 2 years ago

Transition

Capital Product Partners seals $3.1 billion acquisition of 11 LNG carriers amid strategic transformation

After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener

about 2 years ago

Transition

Meeting IMO’s 2030 targets not out of grasp?

Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer

about 2 years ago

Transition

Harbour Energy getting its hands on Wintershall Dea’s E&P portfolio, bar Russian one, for $11.2 billion

Harbour Energy has the wheels into motion to acquire all of Wintershall Dea’s assets, aside from the ones in Russia, for $11.2 billion.

about 2 years ago

Transition

Air Liquide to install CO2 capture unit at hydrogen plant in Rotterdam port

In order to supply decarbonized hydrogen to its long-term customers, Air Liquide has decided to build, own, and operate a carbon capture unit that will be installed at its hydrogen production plant in the port of Rotterdam and will be connected to Porthos, one of Europe’s largest carbon capture and

about 2 years ago

Transition

DMEC: Mix of offshore renewable energy sources key to reliable energy system

During the session on stage at this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, the Netherlands, Dutch Marine Energy Center (DMEC) emphasized that a combination of offshore renewable energy sources, storage methods and nature-inclusive design is needed to build a solid energy

about 2 years ago

Transition

€15M boost to help SolarDuck deliver its first commercial floating solar projects

Dutch-Norwegian company SolarDuck has secured €15 million in funding for the further development and deployment of offshore floating solar power technology. According to SolarDuck, this funding sets the company on a path of continued growth, to deliver its first commercial projects and increase its

about 2 years ago

Transition

Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April

about 2 years ago

Transition

Deloitte: We’ve picked low-hanging fruits, now it’s time for fundamental choices in energy transition

The energy transition is at crossroads, and it’s time to find new ways, Deloitte, one of the world’s largest professional services provider, highlighted at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam this November.

about 2 years ago

Courtesy of the European Commission; Credit: Mauro Bottaro

Transition

Eight countries take steps to erase fossil fuels from EU’s power system as ‘ground-breaking’ new law comes to light

Eight European countries – Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Switzerland, and Lithuania – have made commitments that put them en route to fossil-free power by 2035.

about 2 years ago

Transition

Project developing new floating structures for offshore renewables gets €2.5M grant

The WECHULL+ project has received a €2.5 million grant to develop new floating structures of high-performance concrete expected to reduce cost and CO2 footprint and improve circularity and reliability in the offshore renewable energy sector. The WECHULL+ project received the grant from the EU Clean

about 2 years ago

Transition

Zodiac Maritime, HD KSOE & partners team up on nuclear propulsion

UK-based shipping company Zodiac Maritime has teamed up with Lloyd’s Register (LR), South Korean shipbuilder HD KSOE and power plant design and engineering company KEPCO E&C in a joint development project for the research and development of nuclear-propelled ship designs. The companies have signed a

about 2 years ago