The Orkney-based European Marine Energy Centre (EMEC) has secured independent research organization (IRO) status from UK Research and Innovation (UKRI), a public sector organization that supports the research and innovation system. This status enables EMEC to compete for research grants from the UK
Four transmission system operators (TSOs) of the Nordic region have decided to take measures into their own hands and strengthen their cooperation amid rising geopolitical tensions and ongoing Russia-Ukraine and Israel-Gaza conflicts.
Three players have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.
Swedish company CorPower Ocean has secured €32 million in Series B1 funding to advance the commercialization of its wave energy technology, marking a step towards making wave power a mainstream, bankable energy source. This latest investment round, the largest single investment into CorPower’s techn
Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e
After having reviewed its current listing structure, Australian energy giant Woodside Energy has decided to delist from the London Stock Exchange (LSE), a move set to reduce the company’s administration costs. Woodside, noting that its trading volumes on the LSE are low, has applied to the UK Financ
ADNOC has completed the acquisition of OCI Global’s 50% + 1 shareholding in the seaborne exporter of ammonia Fertiglobe.
Oslo Stock Exchange-listed offshore drilling contractor Northern Ocean has signed a letter of intent (LOI) with Texas-based provider of wellhead and pressure control equipment, Kinetic Pressure Control, to install the latter’s technology on its two rigs.
Gulf Marine Services (GMS), a UAE-headquartred provider of self-propelled and self-elevating support vessels for the offshore energy sector, has raised its backlog to $505 million thanks to a new contract in Europe and the extension of two existing ones in the Middle East. GMS reported on October 10
Malaysia’s independent oil and gas exploration and production (E&P) company Hibiscus Petroleum has wrapped up the acquisition of TotalEnergies EP (Brunei) B.V., the Brunei affiliate of France’s energy giant TotalEnergies.
France’s technological containment specialist Gaztransport & Technigaz (GTT) has received respective orders from Korean and Chinese shipyards for tank designs for a total of four new liquefied natural gas (LNG) carriers. In the third quarter of this year, GTT secured an order from its partner Korean
UAE-based logistics titan DP World is set to invest £1 billion (approximately $1.3 billion) in expanding the London Gateway facility, with the aim of increasing the terminal’s capacity and enhancing the UK’s international trade resilience. As informed, the investment will see the addition of two new
A geophysical and geotechnical survey are about to begin on a gas project being developed by Shell that is set to export gas from a field in Venezuela to the UK energy giant’s platform off Trinidad and Tobago, marking the start of preliminary work on the project. Chartered by Geohidra, a Venezuelan
Hanwha Ocean has thrown a boost of 11.67% into its final offer to shareholders of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units.
