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World's Largest Ocean Current Energy Project On

May 31, 2019

OceanBased Perpetual Energy has signed a Memorandum of Understanding (MoU) with Florida Atlantic University’s Southeast National Marine Renewable Energy Center (SNMREC) to assist the company to develop commercial ocean current energy project…

Europe Leads in Ocean Energy

Apr 26, 2019

European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW in 2018, according to yearly statistics published by Ocean Energy Europe.Europe continues to lead the world in ocean energy deployments, and last year its tidal projects produced record volumes of electricity…

Eni, CDP, Fincantieri, Terna in Wave Power Pact

Apr 22, 2019

Italian oil group Eni is joining forces with compatriot shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The Chief Executive Officers of the companies have signed…

Shipping Emission to Increase Up to 250% by 2050, ITF Warns

Nov 18, 2018

Maritime transport emitted 938 million tonnes of CO2 in 2012. This represented 2.6% of total global carbon emissions, said International Transport Forum (ITF)By 2050, shipping CO2 emissions are projected to increase between 50% and 250% if no drastic action is taken…

Current News

Unique Group Acquires Subsea Innovation

Unique Group Acquires Subsea Innovation

ConocoPhillips Misses Quarterly Profit Estimates

ConocoPhillips Misses Quarterly Profit Estimates

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Russia Shipping Oil to North Korea Above UN Mandated Levels

Russia Shipping Oil to North Korea Above UN Mandated Levels

Yinson Completes $1.3B Financing for Agogo FPSO

Yinson Completes $1.3B Financing for Agogo FPSO

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

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