Ocean Power Technologies (OPT) has received an order from Sulmara for multiple uncrewed surface vehicles (USVs), representing the largest single order of WAM-Vs to date. The order is valued at $1.6 million. Due to demand, production is already underway and will allow for revenue recognition this fis
The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with
More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi
Oil and gas engineering services business Plexus Holdings has secured a contract award for Exact and Centric equipment for a plug and abandonment (P&A) project secured through its licensor SLB for a North Sea operator. The order includes the provision of Exact adjustable wellhead system and Centric
HWCG, a consortium of deepwater operators in the Gulf of Mexico, and marine environmental consulting and survey company CSA Ocean Sciences have created a surface monitoring equipment program designed to assist offshore oil and gas operators with enhancing their environmental monitoring and preparedn
ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk
Oman LNG has signed shareholder agreements with several international companies, including Shell, as part of its strategic roadmap to extend the existing agreements and continue business beyond 2024. At the ceremony held on October 23, the state-owned company signed Oman LNG and Qalhat LNG sharehold
Scana-owned PSW Technology has secured an extension of its frame agreement with Odfjell Drilling for the provision of marine risers and subsea equipment services. The agreement includes services for the classification and testing of well control equipment for all the rigs within Odfjell Drilling’s p
UK-based maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AIP) with the China Classification Society (CCS). Silverstream said that this is the first agreement of this nature with a classification society. The Approval in Principle signifies that the C
In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges
Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.
The Port of Oakland, USA, and the Port of Yokohama, Japan have signed the Green Shipping Corridor Memorandum of Understanding (MOU), paving the way to share best practices on the implementation of green initiatives to transform operations across the supply chain. The signing was part of the Port De
Oilfield services provider Petrofac has secured a multi-million-pound contract with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove a 20,000-tonne topside using
U.S. oil and gas major Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of the compatriot company in an all-stock transaction valued at $53 billion. Under the terms of the agreement, Hess shareholders will receive 1.0250 share
