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Concept for MPS' marine renewable energy farm (Courtesy of MPS)
Business & Finance

MPS unveils crowdfunding campaign plans

Marine Power Systems (MPS) has opened pre-registration for early access to a crowdfunding campaign run by equity investment experts Crowdcube, with the public campaign due to go live in June.

about 5 years ago
Kraken receives second AquaPix sonar order from Teledyne
Business & Finance

Kraken receives second AquaPix sonar order from Teledyne

Kraken Robotics has received a second order from Teledyne Gavia to equip the SeaRaptor autonomous underwater vehicle (AUV) with its AquaPix SAS Sonar. To remind, last week Kraken revealed it had secured a new order for AquaPix, but did not disclose the client’s name. The sonar will be featured on th

about 5 years ago
Kashagan field - Proger
Business & Finance

Italian player to work on one of the largest fields in the world

Italian company has signed a five-year framework agreement with the NCOC for operations on Kashagan, one of the largest fields in the world.

about 5 years ago
CGG and Geoptic pen carbon capture and storage monitoring R&D deal
Business & Finance

CGG and Geoptic pen carbon capture and storage monitoring R&D deal

CGG has signed an R&D collaboration agreement with Geoptic to research and assess a novel borehole solution for monitoring the spread of CO2 in subsurface storage sites for carbon capture and storage (CCS). The collaboration is focused on delivering a new continuous long-term subsurface monitoring s

about 5 years ago
HyNet North West
Business & Finance

New agreement to speed up carbon capture and storage element of HyNet

Eni and Progressive Energy Limited have signed a framework agreement to further accelerate carbon capture & storage within the HyNet North West.

about 5 years ago
Image showing Marine Power Systems’ marine energy technology (Courtesy of Marine Power Systems)
Business & Finance

Welsh investment angels deliver £950K boost for Marine Power Systems

A syndicate of significant Welsh investment angels has completed a £950,000 investment in Swansea-based renewable energy developer Marine Power Systems.

about 5 years ago
MSC Jewel
Business & Finance

Port of Long Beach rewards eco ships with ‘world’s highest’ bonus

California’s Port of Long Beach, the second-busiest container port in the United States, has adopted a new amendment to its Green Ship Incentive Program, now offering “the world’s most generous sustainable vessel financial incentives.”

about 5 years ago
Archer
Business & Finance

Archer to work on P&A campaign for Wintershall Dea

Offshore services provider Archer has been awarded a plug and abandonment campaign in 2021 and 2022 by Wintershall Dea.

about 5 years ago
DNV and LS Cable & System ink subsea cable MOU
Business & Finance

DNV and LS Cable & System ink subsea cable MOU

DNV and South Korean LS Cable & System have signed a non-exclusive Memorandum of Understanding (MOU) to target emerging subsea cabling opportunities in the offshore wind industry. DNV and LS Cable & System will cooperate in identifying and reducing risk early in the cable manufacturing process, impr

about 5 years ago
West Vela drillship - Seadrill
Business & Finance

Seadrill positions for future with key executive changes

Offshore drilling contractor Seadrill Limited has elected a new CFO and a new COO as well as a new director to its board.

about 5 years ago
ExxonMobil
Business & Finance

ExxonMobil loses at least two board seats to Engine No. 1

A long-lasting battle for seats on the ExxonMobil board between the company and activist firm Engine No. 1 is coming to a close with the election of ten new nominees.

about 5 years ago
LNG Bunker vessel
Business & Finance

Kanfer Shipping orders two LNG bunker vessels from Taizhou Yard

Norwegian shipping company Kanfer Shipping AS has signed a contract with China-based Taizhou Wuzhou Shipbuilding Industry for the construction of its first two small-scale LNG bunker and distribution ships. The order for the 6,000 cbm LNG bunkering pair comes on the back of a Letter of Intent (LoI)

about 5 years ago
Maersk Intrepid rig
Business & Finance

Equinor awards well intervention gig to Maersk rig

Equinor has exercised an option to add well intervention work at the Martin Linge to the previously agreed work scope for Maersk Intrepid.

about 5 years ago
Shell logo
Business & Finance

Dutch court orders Shell to curb emissions in ‘historic ruling’

A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal

about 5 years ago
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