Scottish company Flex Marine Power has launched its second crowdfunding campaign on the Crowdcube platform, aiming to raise funds to deploy and test its SW2 tidal turbine at sea. According to Flex Marine Power, this follows a crowdfunding round in March, which raised £366,000 (approximately $461,00
The latest equipment piece for a newbuild cable laying vessel (CLV), which is being constructed for Nexans, France’s cable systems designer and manufacturer, will fall into place, thanks to an order Ulstein Verft, a Norwegian shipyard, placed with Aalesund-based Hydroniq Coolers. The deal with Ulste
Norwegian Electromagnetic Geoservices ASA (EMGS) has secured a contract with an undisclosed client for a controlled-source electromagnetic (CSEM) survey offshore India, valued at approximately $10 million. According to EMGS, the survey includes a mobilization fee and will be carried out by the compa
Saipem has won a new offshore assignment with BP for work on an Asian integrated project’s offshore facilities for natural gas production and transportation alongside carbon capture, utilization, and storage (CCUS).
Israel’s Navitas Petroleum has postponed a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), bumping it to next year for Phase 1, following the cost hike to $1.4 billion.
Eni has made inroads in bringing its new floating liquefied natural gas (FLNG) unit to life in line with its start-up timeline, thus, the unit is still slated to come into operation mode in the fourth quarter of 2025 at the Italian player’s LNG project off the coast of Congo, Africa.
Danish shipping company Norden has signed a sustainable maritime fuel offtake agreement with technology conglomerate Meta.
Seatrium has joined forces with India’s Cochin Shipyard to bring to life mobile offshore drilling units (MODUs), which will be designed specifically to meet the needs of the Indian offshore oil and gas market.
Value Group, the Netherlands-based company uniting Value Maritime and Value Carbon, has secured a €2 million investment from Rotterdam Energy Transition Fund (ETF-R), a €100 million investment fund of the City of Rotterdam.
UK-headquartered subsea equipment rental and solutions provider Ashtead Technology has completed its £63 million (approximately $81.6 million) acquisition of Seatronics and J2 Subsea, expanding its subsea survey and robotics capabilities portfolio. According to Ashtead Technology, the deal bolsters
China-headquartered Fulan Offshore has crossed the finish line at an oilfield project in the Bohai Sea with one of its cable laying barges (CLBs), which previously worked on multiple offshore wind projects.
Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to support the offshore construction of Iberdrola’s 315 MW Windanker offshore wind farm in Germany. ABL Germany, based in Hamburg, will provide MWS services to support the offshore transpor
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has unveiled the winners of the first phase of its Power at Sea Prize, awarding $200,000 to 20 teams for marine energy concepts aimed at powering ocean-based activities. “There is so much potential for marine energy technol
Prysmian is hard at work at its factory in Norway to provide cables for two oil and gas development projects in the North Sea, off the coast of Norway. Thanks to these projects, the Italian player’s headcount has gone up.
