Apache Energy News


Spiralis Energy Scoops $1M Investment to Advance Tidal Energy Tech

Nov 12, 2024

U.K.-based tidal energy technology developer Spiralis Energy has secured a $1 million investment from Kistos Holdings to build and test the Axial Skelter tidal energy unit.The investment received from Kistos will fund Spiralis Energy’s upcoming…

ADIPEC Urges Efforts to Assist Emerging Economies

Nov 06, 2024

Energy and finance leaders at ADIPEC urge joint efforts to mobilize capital for emerging economies.The new Finance & Investment Conference at ADIPEC 2024 concluded today with a renewed call for accessible and affordable capital for a fair energy transition…

Australia Grants Major Project Status for Gippsland Dawn Offshore Wind

Nov 06, 2024

BlueFloat Energy’s Gippsland Dawn offshore wind project has been granted Major Project Status (MPS) by the Australian Government, one of 16 diverse projects nationwide to receive this recognition and only the second offshore wind projects being developed to hold this status…

First Installation Campaign at Coastal Virginia Offshore Wind Farm Wraps Up

Nov 04, 2024

Dominion Energy has installed 78 monopile and four offshore substation foundations for as part of the first offshore construction campaign for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project.CVOW, the largest offshore wind project under construction in the United States…

Trident Energy Brings Ceiba Field’s Infill Well Onstream in Equatorial Guinea

Oct 31, 2024

Trident Energy has brought online the C-45 infill well at Ceiba field, part of Block G offshore Equatorial Guinea, which is already producing over 5,000 barrels of oil per day.The well first came Online on October 15, and according to Trident Energy…

BW Energy Signs Production Sharing Contracts for Two Exploration Blocks Off Gabon

Oct 31, 2024

Oil and gas company BW Energy has signed production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin offshore Gabon, in partnership with Panoro Energy and VAALCO Energy.The blocks, formerly named G12-13 and H12-13…

BOEM Teams Up with Defense on Offshore Wind

Oct 29, 2024

The Bureau of Ocean Energy Management (BOEM) has announced a Memorandum of Understanding with the Department of Defense (DoD) to support the coordinated development of wind energy generation on the Nation’s Outer Continental Shelf (OCS).The…

HydroWing Inks Deal with PLN for Indonesia’s First Tidal Energy Plant

Oct 29, 2024

HydroWing, tidal energy division of Inyanga Marine Energy Group, has signed a binding agreement with PLN’s Subholdings to develop plans for plans for the first tidal current power plant in Indonesia.The 10 MW tidal energy project is planned…

Inyanga Launches Fundraising Campaign to Advance Tidal Energy Tech

Oct 24, 2024

Inyanga Marine Energy Group has launched a crowdfunding round to advance the development of its HydroWing tidal energy technology and projects.The crowdfudnign campaign has been opened in partnership with Crowdcube.HydroWing aims to unlock the…

US Government Invests $17 Million in Offshore Renewable Technology

Oct 21, 2024

The U.S. departments of Energy (DOE) and the Interior (DOI) announced the selection of 14 projects totaling nearly $17 million to further support durable and environmentally responsible U.S. offshore wind energy and marine energy deployments…

Swedish Firm Lines Up $35M Investment in Its Wave Energy Tech

Oct 16, 2024

CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…

Energy Related Emissions to Peak in 2024 as Energy Transition Marks Progress, DNV Says

Oct 09, 2024

Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution and are set to peak in 2024, confirming that the energy transition is progressing on global scale with China at the forefront of decarbonization efforts…

Mocean Energy and Proserv Team Up for Low-Carbon Solutions for Subsea Ops

Oct 08, 2024

Scottish ocean energy company Mocean Energy and global controls technology specialists Proserv have signed a working partnership agreement with the aim of accelerating the development of renewables solutions for subsea operations.Together the…

Eco Wave Power Sells Wave Energy Unit for Taiwanese Pilot Project

Oct 07, 2024

Eco Wave Power has signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy, a subsidiary of maritime engineering company Lian Tat, for the pilot wave energy plant in Taiwan.According to the terms of the agreement…

US Wave Energy Set for Government Commercialization Boost of $112M

Sep 24, 2024

The U.S. Department of Energy has made its largest ever investment in marine energy, making $112.5 million available for the commercialization of wave energy technologies.This five-year investment is expected to significantly accelerate the design…

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