Floatel has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters.
Oilfield services provider Baker Hughes has reported a loss in the second quarter of the year although the company did book an increase in orders and revenues.
The U.S. Department of Energy (DOE) has announced funding for continuing research and development projects in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, including $8.1 million for seven hydropower and marine energy projects.
CNOOC Limited has started production from its Luda 29-1 oilfield, which is located in the Bohai Sea offshore China.
Harbour Energy has had to lower its output guidance for 2021 as the first gas from its Tolmount field in the North Sea has been postponed.
Canadian marine technology company Kraken Robotics has signed a definitive agreement to acquire 3D acoustic imaging specialist PanGeo Subsea. PanGeo’s assets consist primarily of human capital, know-how and equipment comprised mostly of sub-bottom imaging units and acoustic imaging units that are us
Australian oil and gas company BHP is considering what to do with its oil and gas assets with one of its options being a sale, as the firm is looking to focus on a low-carbon economy.
As the energy transition is accelerating across the offshore energy industry, a question arises: what will happen to its workforce?
Oil major Shell has confirmed it will appeal a ruling issued by a Dutch court ordering the energy company to accelerate its carbon emission reduction target.
U.S.-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fourth quarter and fiscal year 2021, compared to the same period a year earlier.
The U.S. energy sector lost 10 per cent of its workforce last year due to the Covid-19 pandemic and one of the critical ways to revitalise the industry is President Biden’s clean energy plan.
After announcing their intention to bid in the ScotWind seabed leasing this May, British oil & gas major BP and German offshore wind developer EnBW have now detailed on their plan in Scotland, which encompasses more than offshore wind. With an investment of GBP 10 billion (around EUR 11.65 billion),
Italian cabling giant Prysmian has set up a target to achieve net-zero for its global operations between 2035 and 2040, as well as for its value chain emissions by 2050. Prysmian announced the commitments as part of its new Climate Ambition and Social Ambition frameworks. In terms of Climate Ambitio
The Papua New Guinea-focused oil, gas, and LNG producer Oil Search has rejected a merger offer made by Australia’s energy major Santos.
