Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing…
Empyrean Energy has encountered a new prospect, Pearl, offshore China, following recently acquired 3D seismic in the area. Map from Empyrean. The company finalized the preliminary…
Energy demand will plateau after 2030, according to a new DNV GL (stand 5B51) model which forecasts the pace and extent of the global energy transition until 2050. While fossil fuel will still provide more than 40% Peak of the world energy demand…
Australia’s marine energy companies have united in an industry task force to advance the commercialization of marine renewable technologies. Tidal and wave energy developers Atlantis Resources, Bombora Wave Power, BioPower Systems, MAKO Tidal Turbines…
Empyrean Energy has started a 3D seismic survey on its 100% owned Block 29/11, offshore China. Block 29/11 is about 1800sq km and is situated some 200km south-southeast of Hong Kong in 340-600m water depth. Empyrean has contracted China Oilfield Services Ltd…
The Future Energy Asia Exhibition & Conference was launched by Areepong Bhoocha-Oom, Permanent Secretary of the Ministry of Energy of Thailand today (24 April), in an initiative towards securing the path to Thailand’s Energy 4.0. The…
The American Petroleum Institute’s (API) 2017 State of American Energy report made a clear statement: energy is everything. Image of Gerard, from API. API President and CEO Jack…
Empyrean Energy has been awarded a permit for 100% of the exploration rights for Block 29/11, located in the Pearl River Mouth Basin (PRMB), offshore China, following a successful application to the China National Offshore Oil Corp. Empyrean…
The US$12 million (€11 million) FORESEA project is bringing together European ocean energy test facilities to help demonstration of tidal, wave and offshore wind energy technologies in real-sea conditions. The project is funded by the Interreg NWE (North-West Europe) program…
Following more than two years of cooperation, Lloyd's Register has awarded its first Technology Qualification certificate to a developer of ocean energy technology, AW-Energy in Finland. The Technology Qualification certificate was presented in person by the chairman of Lloyd's Register…
As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Sally Jewell, US secretary of the Interior and Abigail Ross Hopper, Bureau of Ocean Energy Management (BOEM) director…
Ecuador formally joined the World Energy Council as a member country last Friday, 22 August. In a ceremony in Quito, hosted by Dr. Esteban Albornoz Vintimilla, Minister of Electricity and Renewable Energy, the World Energy Council formally…
The Danish Parliament's finance committee approved the final implementation of the investment agreement between the Danish State, DONG Energy, Goldman Sachs, Arbejdsmarkedets Tillægspension, PFA along with existing minority stakeholders. The…
More than 6,000 of the world’s most prominent energy leaders will gathered October 13 in Daegu, South Korea for the first day of the 22nd World Energy Congress (WEC). This year's theme is: 'Secure tomorrow's energy today.' Held every three years…
The US Department of Energy will invest US$16 million in 17 projects to harness wave and tidal energy. As part of the Obama Administration’s strategy to deploy every available source of American energy, the projects were selected for…
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