← Back to News
energy

Offshore Energy Briefing: Ocean Current Turbine Completes Testing, North Adriatic Gas Discovery Advances

By MGN Editorial•July 22, 2026 at 03:05 PM

Dutch turbine developer EQOT wraps up open-water trials of its ocean current prototype, while INA Group records a gas find at the first well of a five-well, €65 million North Adriatic drilling campaign.

## Ocean Current Turbine Milestone for Dutch Developer Dutch Equinox Ocean Turbines (EQOT) has successfully completed open-water testing of its ocean current energy prototype, marking a significant step forward for the emerging ocean current power sector, according to Offshore Energy. The conclusion of open-water trials represents a critical validation phase for EQOT's technology, which aims to harness the kinetic energy of ocean currents to generate renewable electricity. Unlike tidal stream devices that operate in near-shore, high-velocity tidal channels, ocean current turbines are designed to function in slower but persistent deep-water currents, offering the potential for continuous baseload generation. Successful open-water testing moves the project closer to commercial-scale deployment and positions the Netherlands as a contributor to the growing blue energy sector. Full technical results from the testing programme have yet to be disclosed, but the completion of this phase is expected to inform the next stage of development for the EQOT device. --- ## INA Group Strikes Gas in North Adriatic Campaign Zagreb-headquartered INA Group, a member of Hungary's MOL Group, has reported a gas discovery at the first well of its multi-well drilling campaign in the North Adriatic, Offshore Energy reports. The find is part of a broader €65 million, five-well programme targeting INA's established North Adriatic gas fields off the Croatian coast. The successful result at the opening well provides early encouragement for the campaign, which is designed to sustain and potentially grow domestic gas production in the region. The North Adriatic has historically been one of Croatia's most productive offshore hydrocarbon basins, and INA's continued investment underscores the strategic importance of domestic gas supply within the broader European energy security context. With four wells remaining in the campaign, industry observers will be watching closely to see whether subsequent drilling results can replicate the initial success. INA Group is Croatia's largest energy company and operates across exploration, production, refining, and retail segments under the MOL Group umbrella. --- *Sources: Offshore Energy*
#ocean current energy#marine renewables#offshore drilling#North Adriatic#INA Group#MOL Group#EQOT#blue energy#offshore gas#Croatia

Related Articles

Energy Sector Posts Strong Q3 2026 Results as Infrastructure Investment Drives Growth

Major North American energy companies reported robust third-quarter 2026 earnings, with Enbridge commissioning over $3 billion in gas transmission infrastructure and Vistra posting more than 50% EBITDA growth, signalling continued momentum in energy supply chains relevant to maritime fuel and cargo markets.

Nov 6, 2026

Caterpillar Construction Industries Chief to Address Investors at Bernstein Fireside Chat

Caterpillar Inc. Group President of Construction Industries Rod Shurman is set to participate in an investor fireside chat hosted by Bernstein analyst Chad Dillard on November 17, offering insight into the heavy equipment giant's construction sector outlook.

Nov 6, 2026

ERAYAK Advances Hybrid Power Strategy with Tri-Fuel Generator as Ruike Facility Nears Completion

Chinese power solutions manufacturer ERAYAK Power Solution Group is pushing forward its hybrid energy roadmap, with a new 16 kW tri-fuel inverter generator approaching pilot production as its Ruike manufacturing facility enters final acceptance.

Nov 6, 2026

ERAYAK Advances Hybrid Power Strategy with Tri-Fuel Generator as Ruike Facility Nears Completion

Chinese power solutions manufacturer ERAYAK Power Solution Group is pushing forward its hybrid energy roadmap, with a new 16 kW tri-fuel inverter generator approaching pilot production as its Ruike manufacturing facility enters final acceptance.

Nov 6, 2026

Oilfield Services Sector Reports Q3 2026 Earnings as Energy Industry Marks Quarterly Milestones

Key oilfield services and energy companies including Drilling Tools International and KLX Energy Services have reported third quarter 2026 financial results, offering a snapshot of activity levels across onshore and offshore drilling markets.

Nov 6, 2026