Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.
Swedish wave energy developer CorPower Ocean has secured €9 million equity funding for its breakthrough wave energy tech. Midroc New Technology led the funding round, with additional investment from ALMI Invest Greentech, EIT InnoEnergy, and private investors. The company will use the funds to dem
Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources in India.
Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.
The U.S. project development company Sycar has teamed up with an LNG trading company to develop an LNG terminal in Ecuador.
Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent interest in the Sangomar development, offshore Senegal.
The U.S. offshore rig count has not changed for the third week in a row now, according to a Friday report by Baker Hughes.
Silverstream Technologies has secured a new deal to install its air lubrication tech on eight newbuild LNG carriers.
Japanese trading firms Marubeni, Sumitomo, and Mitsui &Co have signed a deal to build an LNG-to-power project in Thilawa, Myanmar. The trio also teamed up with Myanmar’s conglomerate Eden Group to build the project tipped to be worth up to $2 billion. Myanmar’s government handed over the notice to p
Not long after Swansea Bay tidal lagoon project officially reached the end of the road, scheme for a new tidal lagoon in Wales rolled out. The company behind the project, Mostyn SeaPower, is planning a £590-million ($750 million) tidal lagoon which clould supply low carbon electricity to power about
Subsea cables, laid on the seafloor to carry telecommunication signals across ocean and sea, represent the critical internet infrastructure. Like all other markets the subsea cables market has felt the impact of the ongoing pandemic of Covid-19, which has in the last couple of months reshaped our li
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Germany’s Uniper has teamed up with General Electric to decarbonize its gas-fired power plants and natural gas storage facilities.
Offshore and marine services provider Kim Heng Offshore & Marine has bought two anchor handling tugs from Posh Terasea.
