OPT Finds Tech Delivery Partner for Mexican Maritime Markets

(OE) U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets. The partnership significantly expands OPT’s commercial footprint across Latin America, leveraging the reseller’s regional presence and relationships within Mexico. Under the... Continue Reading →

July 25, 2025 0

Top UN court says treaties compel wealthy nations to curb global warming

July 23 (Reuters) - The United Nations' highest court on Wednesday told wealthy countries they must comply with their international commitments to curb pollution or risk having to pay compensation to nations hard hit by climate change. In an opinion hailed by small island states and environmental groups as a legal stepping stone to make... Continue Reading →

July 24, 2025 0

Britain to lift offshore wind auction power price guarantees by 11%

July 24 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks. The Labour government is facing mounting pressure from opposition parties over the affordability of its net-zero plan and... Continue Reading →

July 24, 2025 0

Equinor Takes $955M Impairment Hit on US Offshore Wind Farm

(Reuters) Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration. In April, Interior Secretary Doug Burgum said the administration of former President Joe Biden had failed to conduct enough... Continue Reading →

July 23, 2025 0

Global oil and gas emissions standard put on pause after Shell, others walk away, FT says

(Reuters) Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday, citing documents seen by the newspaper. Shell, Norway's Aker BP and Canada's Enbridge... Continue Reading →

July 22, 2025 0

Seatrium secures $400 million sustainability-linked credit facility

(offshore-energy.biz) Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB). Seatrium stated that the credit facility, secured through its wholly owned subsidiary Seatrium Financial Services (SFS), aligns with the sustainable finance framework and includes revolving credit features that will enhance the company’s... Continue Reading →

July 16, 2025 0

UK Bags $10B Japanese Investment for Offshore Wind and Hydrogen Projects

(OE) The U.K. government has unlocked $10.1 billion investment into key clean energy projects, like offshore wind and hydrogen, with the signing of a new deal with the Sumitomo Corporation in Tokyo. Sumitomo Corporation aims to facilitate the investment into key U.K. infrastructure and clean energy projects by 2035, backing the government’s aim to significantly... Continue Reading →

July 9, 2025 0

Petrobras announces investments in refining and petrochemicals in Rio de Janeiro

Petróleo Brasileiro S.A. – Petrobras announces that approximately R$33 billion in investments are planned for refining and petrochemical projects in Rio de Janeiro, of which R$29 billion in Petrobras Capex and R$4 billion in another project that operates in synergy with Petrobras assets. The implementation of the integration projects of the Boaventura Energy Complex (Itaboraí... Continue Reading →

July 3, 2025 0

Offshore Solar Farm Set for Integration with Dutch Offshore Wind Project

(OE) The assembly of an offshore solar farm has been completed at the Port of Amsterdam in a ‘world’s first’ project that will integrate the system with an offshore wind farm in the North Sea, offshore Netherlands. The system, supplied and built by Oceans of Energy, is larger than a football field and is set... Continue Reading →

June 27, 2025 0

Wilson Sons starts operations powered by 100% renewable energy at the Rio Offshore Support Base, expecting to avoid the emission of 22 tons of CO₂ equivalent (tCO₂e) per year

Recognized for its extensive experience of over 187 years, Wilson Sons has begun operating with 100% renewable energy, primarily from wind and solar generation, at its Rio Offshore Support Base in Guanabara Bay over the past month. The Rio Base, which provides logistical support to offshore energy companies operating in the Campos and Santos Basins,... Continue Reading →

June 24, 2025 0

Category: decarbonisation