Norwegian energy giant Equinor is on track to almost double its share of its investment in renewable energy this year, despite walking away from expensive offshore wind deals, the chief executive said on Tuesday. Around 20% of company's gross investments in 2022 will be in renewable energy, CEO Anders Opedal told Reuters on the sidelines of the U.N. climate summit COP27 in Egypt. That's up from 11% of its investment budget the previous year…
The UK-based Offshore Renewable Energy (ORE) Catapult is driving forward decarbonization in the maritime industry after winning two projects in the Clean Maritime Demonstration Competition (CMDC) round 2, funded by the Department for Transport…
The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…
Copenhagen Infrastructure Partners (CIP) has selected Stiesdal Offshore’s TetraSub floating foundation structure for the 100MW Pentland Floating Offshore Wind Farm project, to be located off the coast of Dounreay, Caithness, Scotland.The technology…
Lloyd’s Register (LR) and Triumph Energy (Triumph), a marine technology company specializing in green technology and automation, have announced a new Joint Development Project (JDP) to ensure vessels are built and operated sustainably. The collaboration…
French engineering firm GTT reports it has been granted an approval in principle (AIP) from classification society Lloyd’s Register for a new digital solution, “POWER” (Prediction of Operational Windows to Enable Regas operations).POWER has…
A U.S. court upheld a tribunal's $8.75 billion award to U.S. oil producer ConocoPhillips COP.N over the expropriation of its Venezuelan oil assets, granting a default judgment in the case on Friday.The decision gives the U.S. company new authority to collect on a 2019 award by a World Bank tribunal…
The U.S. Department of the Interior said Monday that the Bureau of Ocean Energy Management (BOEM) would conduct an environmental review of the first proposed wind energy project offshore Maryland, in line with the country's goal of deploying 30 gigawatts of offshore wind energy capacity by 2030…
The New York Bight auction is made up of six leases containing an estimated 5.6 GW of bottom-fixed offshore wind capacity that can serve New York and New Jersey offshore wind requirements, amongst others. Till now, New York and New Jersey have secured a combined capacity of 8…
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has granted Construction and Operations Plan (COP) for the South Fork Wind, New York’s first offshore wind farm, Ørsted confirmed Thursday. This is the final decision…
China's biggest offshore oil and gas producer, CNOOC Ltd, on Tuesday set its 2022 production target at 600 million-610 million barrels of oil equivalent (boe), 10% above last year's goal.The company targeted output of 545 million-555 million boe in 2021…
The Zhong Neng offshore wind project in Taiwan has reached financial close, Copenhagen Offshore Partners said Wednesday.The process for reaching financial close on the Zhong Neng project started 14 months ago and the large-scale offshore wind project will now be financed through CI IV…
The UK-based Offshore Renewable Energy (ORE) Catapult has said it has secured funding for five projects as part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered in partnership with Innovate UK…
UAE-based Gulf Marine Services (GMS), a company providing jack-up service vessels for the offshore oil, gas, and renewables industries, has hired Lloyd's Register for the installation of a new Enterprise Resource Planning (ERP) system.GMS said the system would provide its with a central…
UK-based unmanned surface vessel developer SEA-KIT has said it has been awarded the first-ever Unmanned Marine Systems (UMS) certificate by Lloyd’s Register for its USV built for Fugro.'SEA-KIT has worked closely with Lloyd’s Register since…
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