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When it comes to securing energy in a sustainable way in the future, we have entered a junction where we have to choose a way forward. When you come to a point like this, it is good to stop, look around and think of the options before you make your move. But time’s up. Urgent …

In focus: the road ahead and the future of energy Read More »

Swedish company Ocean Harvesting Technologies is raising €3 million in equity investment to finance the sea trials of its scale IninityWEC wave energy device. Concept for Ocean Harvesting’s InfinityWEC (Courtesy of Ocean Harvesting Technologies) At pre-money valuation of €7 million, Ocean Harvesting’s €3 million fundraiser will be combined with public financing for the project, the …

Ocean Harvesting launches €3M fundraiser Read More »

Norwegian state-controlled energy giant Equinor and its compatriot oil and gas services company Aibel have entered into a 10-year agreement to ensure a close and long-term strategic collaboration. The agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities, Equinor explained on Friday. Mette H. …

Norway’s Equinor and Aibel ink 10-year collaboration deal Read More »

Australian energy solutions company Optimal Group has bought land in Westbury, Tasmania for the first BioLNG production facility in Australia. Optimal Group and gas company BOC/Elgas, a subsidiary of Linde, previously agreed on will jointly explore the development of Australia’s first BioLNG facility at the Westbury LNG plant in Tasmania. The parties have signed a …

Australia closer to having 1st BioLNG plant in Tasmania Read More »

Turkey’s latest drillship, bought last year from a South Korean shipyard, is set to join three other drillships as the country is working to develop its gas resources amid a growing need for the security of supply. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to …

Turkey awaits arrival of fourth drillship to prepare for next drilling mission Read More »

Oslo-headquartered ship-owning firm American Shipping Company (AMSC) has acquired a new offshore construction vessel (OCV) and signed a long-term bareboat contract for this vessel with a compatriot vessel owner, Solstad Offshore. American Shipping revealed on Thursday that it has purchased the OCV Normand Maximus from Maximus Limited, a company controlled by its secured lenders, for …

Shipping firm buys Normand Maximus vessel and agrees charter terms with Solstad Read More »

Norwegian floating solar company Ocean Sun has recorded a wider net loss in the first quarter of 2022, when compared to the same period a year earlier, with a slight increase in revenues. Illustration/Ocean Sun’s 223kWp floating solar demonstrator on Magat Dam (Courtesy of Ocean Sun) Total revenue for Ocean Sun in the first quarter …

Ocean Sun posts higher first quarter net loss, with slight rise in revenues Read More »

Japanese shipping company Kawasaki Kisen Kaisha (K Line) developed two conceptual designs for LNG-fueled and battery-powered energy-saving bulk carriers and obtained approvals in principle (AIP) from compatriot classification society ClassNK. A future next-generation bulk carrier, Courtesy of K Line K Line developed a conceptual design for 200,000 tonnes class capesize bulk carrier in collaboration with …

ClassNK approves designs for LNG-fueled bulk carriers from K Line Read More »

Inpex Browse E&P, a subsidiary of Japan’s oil and gas producer Inpex, has submitted an environment plan (EP) to the Australian regulator for exploration drilling in Commonwealth waters, offshore Western Australia. The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) informed recently that it had received an environment plan for the drilling of two wells, which …

Australian regulator seeks public input on Inpex’s two-well drilling campaign Read More »