XFuel has secured €7.7 million in blended finance from the European Innovation Council (EIC), helping it bring its fuel-from-waste technology to transport markets. The post XFuel gets EU funding to scale up its fuel-from-waste tech appeared first on Offshore Energy.
NKT’s expansion of its high-voltage submarine power cable factory in Karlskrona, Sweden, has been […] The post NKT’s power cable factory expansion named EU’s first net-zero strategic project appeared first on Offshore Energy.
Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has decided to equip its floating production storage and offloading (FPSO) unit with two cranes made by construction equipment manufacturer Liebherr. The post Yinson slects crane duo for its Angola-bound FPSO appeared first on Offshore Energy.
Spanish automated wind-assisted propulsion system specialist bound4blue has installed what it claims to be “the world’s largest” suction sails on a vessel. The post bound4blue: ‘World’s largest’ suction sails installed on LDC juice carrier appeared first on Offshore Energy.
French wave energy developer Seaturns has launched a fundraising campaign to support the scale-up […] The post Seaturns opens fundraising round to scale wave energy technology appeared first on Offshore Energy.
Wärtsilä will invest €50 million in expanding its R&D center in Vaasa, aiming to meet the growing demand for sustainable technologies and alternative fuels in maritime and energy sectors. The post Wärtsilä’s €50M R&D investment to support development of future fuel-ready engines appeared first on Offshore Energy.
Borr Drilling has secured a batch of assignments for three jack-up rigs and shed more light on the contracting developments and movements across the rest of its jack-up fleet. The post Rig trio finds new jobs: Busy times ahead for jack-ups in Borr Drilling’s fleet appeared first on Offshore Energy.
Japanese major Mitsubishi Heavy Industries (MHI) has established a branch office of Mitsubishi Heavy Industries Australia (MHI-AUS) in Perth, Western Australia, to accelerate business developments in hydrogen, ammonia and carbon capture, utilization and storage (CCUS). The post MHI expands presence in Australia to boost developments in hydrogen, ammonia and CCUS appeared first on Offshore Energy.
The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030. The post Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds appeared first on Offshore Energy.
A new initiative has been launched to accelerate the availability, affordability and deployment of sustainable maritime fuels and low and zero-emission vessels and technology in the Pacific Northwest. The post Sustainable Maritime Fuels Collaborative launched to drive maritime transition in Pacific Northwest appeared first on Offshore Energy.