Dutch shipowner Future Proof Shipping (FPS), the EU-funded Flagships project, and the Interreg-funded ZEM Ports NS project launch the groundbreaking H2 Barge 2. The hydrogen-powered vessel will ship goods completely emission-free on the Rhine between Rotterdam (NL) and Duisburg (DE).
US Forged Rings Inc. (USFR) announces a $700M investment in the U.S. offshore wind industry to construct a state-of-the-art tower fabrication facility and a steel forging plant.
TotalEnergies and Vantage Drilling International have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship. Pursuant to the terms of the agreement, TotalEnergies will pay $199 million for a 75% interest in the JV owning the rig, with Vantage owning the remaining 25%. Leveraging on Vantage’s deep offshore drilling experience and longstanding collaboration with TotalEnergies, the JV will contract Vantage to operate the Tungsten Explorer for 10 years.
Wave energy is the single largest unused renewable energy source on the planet. The total theoretical wave energy resource worldwide stands at an impressive 30,000 TWh/year, surpassing the combined human consumption of electrical energy. If this energy could be properly harnessed, it would increase the share of renewable energy production and reduce the reliance on fossil fuels.
Zelim, a UK-based startup developing innovative search and rescue solutions, is joining forces with Ocean Winds (OW), an international company dedicated to offshore wind energy and 50-50 joint venture between EDP Renewables and ENGIE, in a pilot project to test AI enabled person detection software for floating offshore wind farms.
TotalEnergies has signed an agreement with OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $903 million (including the transfer of a $350 million loan granted by OMV to SapuraOMV), subject to customary closing adjustments.
Dominion Energy has received the last two major federal approvals needed to begin construction of its 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), keeping the largest offshore wind farm in the United States on schedule to generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026.