U.S. oil major ConocoPhillips recorded a loss in the third quarter of 2020 compared to a profit in the same period last year.
Canadian oil and gas player Cenovus Energy has decided to cut between 20 and 25 per cent of its workforce after the acquisition of Husky Energy.
Wave energy developer Eco Wave Power has inked an MOU with Msmart Future Technology with plans to develop a 50MW wave energy array in Vietnam. The two companies will execute this collaboration in milestones. Specifically, in the first phase, the Eco Wave Power engineering team, will perform an in-de
The U.S. Department of Energy (DOE) extended the terms of three long-term liquefied natural gas (LNG) export authorizations through 2050.
Norwegian oil and gas company Equinor saw its quarterly loss increase after being hit by impairments due to reduced future price assumptions.
French liquefied natural gas containment systems specialist GTT has secured a new order for its tank design.
Spain’s Naturgy and the Puerto Rico Electric Power Authority (PREPA) agreed to extend the long-term LNG supply deal.
Shell saw its third quarter 2020 earnings decrease when compared to the last year’s third quarter but the oil major decided to increase its dividend.
Norwegian oil and gas company Equinor has made two oil discoveries offshore Newfoundland, Canada. The wells were drilled using the Transocean Barents rig.
EDF Group and China Energy Investment Corporation (CEI) have kicked off the construction of the 200 MW Dongtai V offshore wind project in China. The project is the second phase of the 500 MW Jiangsu Dongtai wind farm, the first offshore wind project in China built in collaboration with a foreign inv
The Republic of Korea and the International Maritime Organization (IMO) have signed an agreement to establish a four-year training programme to support developing states to reduce greenhouse gas (GHG) emissions from shipping.
US-based companies CSA Ocean Sciences (CSA) and SeaRobotics are jointly developing the next generation utility-class autonomous surface vessel (ASV). Based on the SR-Surveyor M1.8 ASV, introduced by SRC in 2019, the new utility-class ASV will deploy the same fully integrated control, survey, and aut
Vestas Wind Systems and Mitsubishi Heavy Industries have signed an agreement through which Vestas will acquire MHI’s shares in the MHI Vestas Offshore Wind joint venture. Vestas is to acquire MHI’s 50 per cent share of the MHI Vestas joint venture against 5,049,337 shares in Vestas that will be issu
Australian robotic arms developer Blueprint Lab has shipped the first four commercial units of its Reach Bravo advanced electric manipulators. The company designed these specifically for inspection-class remotely operated vehicles (ROVs). Blueprint Lab rolled out the Reach Bravo robotic arm system i
