Canadian Kraken Robotics is expecting a revenue of $24 million to $28 million for the year ending on 31 December 2021, which would represent a more than 100% growth compared to $12.3 million in 2020. The growth is due to recent contract wins for KATFISH 180 towed sonars, as well as ALARS for the Dan
Japan-based shipping company, Nippon Yusen Kaisha (NYK Line), has joined the Ship Recycling Transparency Initiative (SRTI), an information disclosure platform hosted by the Sustainable Shipping Initiative (SSI).
IOG is supporting research that will identify, examine, and test carbon storage sites in the Southern North Sea.
The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
Boskalis has reported a 10 per cent increase in the order book of its Offshore Energy division in the first quarter of the year (compared to the end of 2020), with around 50 per cent of new orders coming from the offshore wind sector. The first quarter at the company’s Offshore Energy division proce
Australia’s FAR Limited has expressed its disappointment with the Australian Securities Exchange’s (ASX) refusal to reinstate the trading of the company’s shares.
Australian liquefied natural gas (LNG) exports to China remain intact for now, despite the ongoing economic tensions between the two countries.
Chevron has shut down production at its Tamar field located offshore Israel amid escalating violence and tensions in the region.
Invenergy and BW LNG have closed a $128.3 million financial package with IDB Invest to finance the BW Tatiana FSRU component of the Energía del Pacífico LNG-to-power project in El Salvador.
Offshore accommodation rig provider Prosafe is heading to the Supreme Court to appeal a recent ruling by a Norwegian Court of Appeal.
Italian engineering firm Remazel Engineering has been chosen as the supplier of the complete mooring tensioning system and riser pull-in package for the Prosperity FPSO being built by SBM Offshore.
US-based marine energy company Ocean Power Technologies (OPT) has received $1 million of non-dilutive funding through the New Jersey Technology Business Tax Certificate Transfer Program. The funding is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Departmen
PXGEO has entered into an agreement with TGS-NOPEC Geophysical Company (TGS) for the provision of its vessels for towed-streamer seismic acquisition services. TGS has committed to using PXGEO 2 or any other capable vessel which PXGEO introduces to its fleet for 12 months of marine seismic acquisitio
Subsea tree order intake for the second quarter of 2021 is estimated at 82 units, representing 32 per cent of the anticipated 260 units to be awarded in 2021, according to market research provider Westwood. Key projects to watch in 2Q 2021 include Equinor’s Bacalhau and Total’s Lapa South West in Br
