Highlands and Islands Enterprise (HIE) has taken full ownership of the Orkney Research and Innovation Campus (ORIC) in Stromness, Scotland, following the transfer of Orkney Islands Council’s (OIC) share in the joint venture (JV). According to HIE, the move comes as ORIC prepares for a second phase o
Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r
Germany’s KfW IPEX-Bank has decided to finance the newbuilding program of Finnish shipping company Langh Ship by providing €35 million for two eco-friendly 1,200 TEU containerships.
The U.S. Department of Energy (DOE) has set its mind on freeing its liquefied natural gas (LNG) industry from the burden of regulatory barriers standing in the way of unleashing an LNG export boom by moving beyond the setback it perceives to stem from Biden-era policy requirements.
BW Energy has cheered the stamp of approval for the extension of a license production phase to 2042 for its asset in the Espírito Santo Basin off the coast of Brazil.
Serica Energy is bringing its multi-well drilling campaign and work-over program in the North Sea to an end, as a rig from COSL Drilling Europe has started drilling the final well in this campaign on the UK Continental Shelf (UKCS).
Galveston LNG Bunker Port (GLBP) has executed the first sales and purchase agreement (SPA) for the supply of LNG of its proposed liquefaction project in Texas City Industrial Complex within Galveston Bay.
Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).
Wave energy developer Eco Wave Power has received Revocable Permit 25-05 from the Port of Los Angeles, allowing the company to proceed with the construction and demonstration of its wave energy technology at Berth 70 in San Pedro, California. According to Eco Wave Power, the permit was approved and
Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de
UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p
SLB has tucked a multi-well drilling assignment, which will incorporate artificial intelligence (AI), under its belt at a deepwater oil project 30 kilometers south of the Mexico-U.S. maritime border, which Australia’s energy giant Woodside operates.
Norwegian subsea services provider Argeo has signed new contracts under which its two vessels will be deployed offshore South America and Africa on oil & gas projects. The contracts will see Argeo Searcher perform autonomous underwater vehicle (AUV) survey work in South America and Argeo Venture AUV
Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded
