Copenhagen Infrastructure Partners (CIP) and Allianz Investment Management (AIM) said Thursday they would jointly conduct a feasibility study for an artificial energy island in the German North Sea. The island is planned to be connected to large…
Norwegian offshore vessel operator Golden Energy Offshore has signed a letter of intent with Gen2 Energy to explore the use and availability of hydrogen-based fuel on vessels in its fleet.'We hope that Golden Energy Offshore and Gen2 Energy…
Swedish company Lundin Energy, which will exit the oil and gas business next month with the sale of oil and gas assets to Norway's Aker BP, is set to change its name to Orrön Energy AB.Lundin Energy, which under the name Lundin Petroleum discovered…
Tidal energy technology developer Minesto this week launched a plan for large-scale build-out of tidal energy arrays in the Faroe Islands.The plan includes four new verified sites that would supply 40% of the nation’s growing electricity consumption…
The Newfoundland and Labrador Oil and Gas Industries Association, founded in 1977 to represent the supply and service sector of the offshore oil & gas industry in the region, is now called Energy NL, as the company earlier this week announced changes to its 'vision…
Offshore installation giant Subsea 7 and its technology partner FLASC have won £471,760 (~$631,854) grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system…
Israel's Delek Drilling, a company that owns a stake in the giant Leviathan gas field offshore Israel, and in the undeveloped Aphrodite gas field offshore Cyprus, is changing its name to NewMed Energy. Apart from changing the name, the company…
Asia Pacific Energy Ventures said Monday it would carve out subsidiary Twenty20 Energy Systems with plans to take it public on the Nasdaq in the second quarter of 2022.Based in Singapore, Twenty20 Energy was formed in 2014 as a subsidiary of APEV…
The U.S. Department of Energy (DOE) announced $25 million in funding to support increased research, development, and demonstration of technologies that harness wave power to create electricity. Wave energy converters, which capture and convert waves into carbon-free electricity…
UK-based wave energy technology company Mocean Energy said Wednesday its Blue X wave energy machine had returned to dock after a successful five-month test period at sea.'In the last few days the 20-meter long, 38-tonne wave machine has been…
ASX-listed wave energy technology company Carnegie Clean Energy has launched a CETO-derived wave energy product designed for moored vessels, which 'offers a solution to the challenge of securing clean and reliable energy for offshore activities…
Wave energy firm Mocean Energy said Tuesday it has opened a new dedicated office in Aberdeen to meet rising oil and gas industry interest in the decarbonization of North Sea assets.The Edinburgh-based firm is working to develop a wave energy…
Scottish tidal energy technology developer, Orbital Marine Power (Orbital) will lead a pan-European consortium to deliver the €26.7m FORWARD-2030 project, set up to accelerate the commercial deployment of floating tidal energy.The FORWARD-2030 project consortium will receive €20…
Energy industry services firm TechnipFMC said Friday it had sold a 9.9% stake in Technip Energies to Hal Investments for €196.2 million (~$233 million).Technip Energies was created in February 2021 after TechnipFMC completed its spin-off transaction to create two independent…
The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, who said President Joe Biden's clean energy plan was critical to reviving the industry…
