Germany’s KfW IPEX-Bank has decided to support the fleet renewal program of the British shipping company Carisbrooke Shipping with financing amounting to around €26 million.
U.S.-headquartered energy services provider Expro has won a contract to supply tubular running services (TRS) for the first offshore carbon capture and storage (CCS) project in the Netherlands. The contract covers the recompletion and conversion of legacy offshore gas production wells into CO2 injec
STAX Engineering has secured a $70 million funding boost, alongside launching new carbon capture trials with Seabound.
A UK-built 12-meter-long autonomous uncrewed surface vessel (USV), designed for long-distance over-the-horizon operations, has hit the water for the first time, with three sister vessels soon to follow. After nearly 18 months of design, engineering, and build, UK-headquartered Zero USV launched its
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has secured work for its vessels that has a gross contract value of $21 million for the firm period, with an additional $27.7 million for the option period. GEOS has concluded a contract on the multi-purpose support vessel (M
Sapura Drilling, the drilling arm of Malaysian oil & gas services provider Sapura Energy, has secured multiple contracts that have a combined value of approximately $720 million. Sapura Drilling secured two contracts with PTTEP Energy Development Limited for the provision of its tender assist drilli
Navantia UK has secured a contract with McDermott for the delivery of subsea structures that will be manufactured at the Arnish facility it recently acquired as part of the purchase of Harland & Wolff. Navantia UK completed the acquisition of the British shipbuilder Harland & Wolff and its operation
Venture capital company NetZero Tech Ventures will invest in CatAmmon, a company developing an advanced ammonia cracking catalyst that could reduce costs while cutting the carbon emissions in the hydrogen supply chain.
An advanced, 24-meter-long unmanned surface vessel (USV) being built in Spain for a joint venture of DeepOcean, Solstad Offshore and Østensjø Rederi has been floated out. GONDAN Shipbuilders started the construction of the USV Challenger in March 2024, following the order from USV A/S, a joint ventu
Spanish maritime survey and ROV services operator ACSM is in the process of upgrading its 25-year-old offshore support vessel (OSV) Nautilus to enhance its operations in the subsea sector. The 73-meter-long vessel has completed its upgrading phase at the shipyard Viana do Castelo in Spain, and is n
U.S.-based energy giant Chevron has introduced senior leadership changes to simplify its organizational structure.
A 370-meter-long floating storage, production, and offloading (FPSO) unit constructed by Japanese giant MODEC has arrived at its final destination in the Santos Basin offshore Brazil where it will operate at Equinor’s field. The Bacalhau FPSO arrived at its destination in the Santos Basin on Friday,
As a response to a number of recent subsea cable incidents that caused disruptions in the EU, the European Commission and the High Representative have launched an action plan to strengthen the security and resilience of this critical infrastructure, covering both power and communication cables. The
Italy’s energy major Eni has secured the status of a preferred off-taker of renewable energy transmitted from Albania to Italy through a planned 1 GW subsea interconnector by signing an agreement with Emirati partners. Eni’s Chief Executive Officer Claudio Descalzi has signed three collaboration agr
