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Marine Power Systems (MPS) has appointed Principia as lead contractor on detailed design and engineering of the floating platform that will support both wind and wave energy generating devices. Principia, part of the Artelia Group, has a dedicated offshore engineering team who has been working on offshore projects for over 40 years. The company brings... Continue Reading →
The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to the offshore substation, and... Continue Reading →
Offshore drilling companies Maersk Drilling and Noble Corp. last week announced they'd merge to form one of the world's largest offshore oil drilling rig companies. Westwood Energy's Terry Childs analyzes the proposed deal and how the combined Maersk/Noble drilling rig fleet stacks up against those of its rivals. The announcement of the merger of Maersk Drilling and... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual... Continue Reading →
Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this week in the face of pressure to end fossil fuel extraction to curb global warming. Officials and industry executives stressed that Africa as a whole has a relatively small carbon footprint, which... Continue Reading →
ABSG Consulting Inc. (ABS Consulting), a leading global operational risk management company, and Global Maritime, a marine offshore and engineering consultancy, today announced their alliance to support the United States offshore wind sector. Global Maritime's US subsidiary, American Global Maritime Inc., and ABS Consulting will combine their respective expertise in the maritime market into a... Continue Reading →
TotalEnergies and Daimler Truck AG have signed today an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean hydrogen... Continue Reading →
(Reuters) - Oil major Royal Dutch Shell's (RDSa.L) clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' (BKR.N) facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission... Continue Reading →
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
(OE) Shift Geothermal, a non-profit organization focused on geothermal energy, said Wednesday it was launching a bid to establish a new national center in the UK for geo-energy to realize the potential of a huge untapped UK energy source. This also offers an opportunity to use re-use existing offshore oil and gas facilities instead of... Continue Reading →
