Tidal energy company Nova Innovation has been awarded £2 million from the Scottish Government to advance tidal turbine manufacturing to a global level.
Oceaneering’s Integrity Management and Digital Solutions segment has won a new multi-year contract in Papua New Guinea with a major operator.
Noble Corporation has secured new contracts for legacy Pacific rigs but it has also retired two of its stacked drillships.
Woodside has increased the cost estimate for the Scarborough gas project development in Australia by five per cent.
Three Japanese marine engine manufacturers have joined forces to establish a new joint venture focused on the development of hydrogen-fuelled engines for the maritime industry.
The topside of the platform for the Hod field is transported today from Aker Solutions yard to the Aker BP-operated field in the North Sea.
UK gas company IOG plc has committed to Scope 1 & 2 net-zero status as of 2021 following the completion of an Emissions Assessment.
Valaris is seeing early signs of recovery in rig demand evidenced by new contracts for its fleet of drillships, semi-submersible, and jack-ups.
Transocean reduced its quarterly losses despite lower revenues and is encouraged by the current upcycle in the offshore drilling market.
ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices.
BP has decided to boost its dividend by four per cent and start a share buyback program following a return to profit in 2Q 2021.
Canada-based marine technology company Kraken Robotics has completed the acquisition of 3D acoustic imaging specialist PanGeo Subsea.
SBM Offshore has signed a letter of intent with Petrobras for a 22.5 years lease and operate contracts of FPSO Alexandre de Gusmão.
Dyna-Mac has secured a fabrication project from a Chinese company for a total provisional contract sum of S$114 million.
