Swedish-Israeli wave energy company Eco Wave Power has set out plans to open a subsidiary in the United States, under the name Eco Wave Power US.
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
The CMA CGM Group has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics. CMA CGM said that the negotiations were in line with its long-term strategy, based on the two pillars of shipping and logistics If a deal is reached, the a
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill
An international tender for a pre-feasibility study for the Nordic-Baltic Hydrogen Corridor, a cross-border hydrogen project being developed by six European Union (EU) countries, has been launched. Lithuanian gas transmission system operator (TSOs) Amber Grid launched the tender on behalf of its pro
Hanseatic Energy Hub (HEH) has commissioned a consortium led by Spain-based EPC (engineering, procurement, and construction) specialist Técnicas Reunidas to develop a land-based terminal for liquefied gases in Stade, Germany, subject to HEH’s final investment decision (FID). According to HEH, Técnic
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030.
Renewable energy company Sun Cable has signed a Letter of Intent (LoI) with an Australian critical minerals company for the potential offtake of renewable electricity from the planned Australia-Asia PowerLink (AAPowerLink) project. Under the one-year non-binding LoI, Sun Cable will progress commerci
Brazilian oil and gas player Enauta has restarted production from a well located on a field offshore Brazil.
UK-based company Global OTEC has secured a certificate of approval for a cold-water riser installation for its first commercial-scale ocean thermal energy conversion (OTEC) platform.
Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.
Advanced Navigation has launched what is said to be the largest subsea robotics center in Australia, set to accelerate the production of the company’s underwater technologies. The high-tech manufacturing and R&D center is located on a 5.5-acre site in Balcatta, Western Australia, and includes full t
North American FortisBC Energy and FortisBC have received approval from the British Columbia Utilities Commission to invest more than $155 million into conservation and energy efficiency programmes in 2023. According to FortisBC, the majority of the funds, $141 million, are earmarked to support gas
IOG plc has encountered a challenge that could extend its previous drilling duration timeline for the second Blythe production well.
