Ashtead Technology is augmenting its global offering by acquiring the entire share capital of Rathmay Limited, the parent company of ACE Winches, from its founders Alfie and Valerie Cheyne, for a total cash consideration of £53.5 million (almost $67.7 million) on a cash and debt free basis.
Baron Oil has reached the first of three steps in securing environmental approvals for the drilling and testing of an appraisal well at a block offshore Timor-Leste.
Equinor has received consent to use one of Transocean’s semi-submersible rigs on two fields located in the North Sea and Norwegian Sea, respectively.
Harbour Energy has secured a drilling permit to spud a wildcat well in the North Sea, using one of Noble Corporation’s jack-up rigs.
Scottish Renewables has welcomed the announcement about €20 million secured from the EU for a 4MW tidal energy project that will be deployed offshore Scotland and led by Nova Innovation.
Unique Group has broadened its unmanned surface vessel (USV) portfolio with the launch of two new models.
Technip Energies, an engineering and technology company, and John Cockerill, a designer and manufacturer of large-scale technological solutions, have finalized the creation of Rely, a new company dedicated to integrated green hydrogen and Power-to-X (PtX) solutions. Headquartered in Brussels, Belgiu
This 149.5-meter multi-purpose Ice Class diving support and subsea construction vessel has been made for worldwide subsea operations, including operations in coastal waters.
The offshore wind industry, now the linchpin between several offshore energy industries, is calling for both innovation and accelerating deployment, while also making sure one does not impede the progress of the other. In this article: During the ‘Renewable energy: Innovate or accelerate?’ confe
Singapore-based owner and operator of LPG vessels BW LPG Limited has signed agreements with Confidence Petroleum India Limited, including a 50/50 Joint Venture (JV) called BW Confidence Enterprise Private Limited to invest in the development of onshore LPG import infrastructure in India. This JV, ba
Provaris Energy has received firm commitments to raise $1.9 million from a share placement to existing and new investors to fund the construction and testing of the hydrogen prototype tank in Norway. According to Provaris, the placement will comprise the issue of 47.5 million new fully paid ordinary
The UK’s regulator North Sea Transition Authority (NSTA) has highlighted the key role the North Sea basin has in helping the country to reach its net zero goals.
Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar
Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil and Equinor.
