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(OE) Ocean Power Technologies (OPT) has secured a patent from the United States Patent and Trademark Office (USPTO) for its autonomous, floating marine charging solution. Designed to address the increasing demand for clean maritime operations, the invention enables electric vessels, including uncrewed surface vehicles (USVs), to locate, dock with, and recharge from a floating energy... Continue Reading →
(offshoreWIND.biz) The Trump administration has warned the UK government about security risks as Mingyang Smart Energy plans to build a factory in Scotland to manufacture wind turbines for North Sea offshore wind farms, according to a report by the Financial Times, citing a US official. A Chinese analyst has commented on the news, saying the... Continue Reading →
(offshoreWIND.biz) A US federal judge in Massachusetts has tentatively accepted the lawsuit filed by 18 state attorneys general challenging the presidential memorandum issued on 20 January that halts leasing and permitting for wind energy projects, and calls for reviews of existing permits. The case is, however, likely to move forward only against the Department of the... Continue Reading →
(OE) DNV has published a report forecasting that carbon capture and storage (CCS) capacity is expected to quadruple by 2030, with sharp increase project pipeline capacity indicating that CCS is at a turning point. The immediate rise in capacity is being driven by short-term scale up in North America and Europe, with natural gas processing... Continue Reading →
(Reuters) - Latin America has emerged as a top investing destination as ongoing wars - both of the military and trade variety - make investors seek options in a region they view as refreshingly untroubled by tariffs and major conflicts. Portfolio flows data suggests that investors are largely underexposed to Latin America even as many... Continue Reading →
(Reuters) Energy producer Shell has made a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago, the company said on Tuesday. The project is expected to produce first gas in 2027 and have a peak production of 18,400 barrels of oil equivalent per day, it added in a release. Shell is... Continue Reading →
(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. It was the first time since September 2023 that the... Continue Reading →
(Reuters) - The Trump administration has issued a narrow authorization for U.S. oil producer Chevron (CVX.N), opens new tab to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, three sources with knowledge of the decision said on Tuesday. Chevron and several European firms had been in talks with officials in Washington in... Continue Reading →
(offshoreWIND.biz) The United States House of Representatives has passed a bill that, among other things, rescinds provisions from the Inflation Reduction Act (IRA) that were set up to strengthen the domestic offshore wind supply chain and back the development of new offshore wind transmission infrastructure. Passed on 22 May with 215 votes in favour of the bill,... Continue Reading →
(OE) California-based Aikido Technologies has signed an agreement with Marine Energy Test Centre (METCentre) in Haugesund, Norway, to deploy a first-of-its-kind 15MW demo project, called AO60. Once installed in 2027, the platform will be one of the largest floating wind platforms constructed and deployed to date. The METCentre has a long history of supporting innovative... Continue Reading →
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