Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re
Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.
US-based marine energy company Ocean Power Technologies (OPT) has commenced the first ocean tests of its next-generation increased power wave energy converter buoy.
The U.S. Coast Guard has performed an evacuation via helicopter of a 69-year-old captain from an oil tanker 218 miles offshore Alabama.
Nauticus Robotics has kicked off a commissioning exercise of the first of three second-generation Aquanauts autonomous subsea robots, dubbed the Mark 2 (MK2). Following commissioning, Nauticus plans to send the initial Aquanaut MK2 units to the North Sea and the Gulf of Mexico in the coming months t
BP has kicked off oil production from its fifth operated production platform in the U.S. Gulf of Mexico and the first new one since 2008.
The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year.
UK’s Rovco has appointed Fraser Moonie, previously Regional Director for Mermaid Subsea Services UK, as its new Chief Operating Officer (COO) as part of the company’s global expansion targets. Shortly before taking over the role at Rovco, Moonie worked to bring the Asia-based subsea contractor Merma
Norway-based Vard Electro has secured a contract with compatriot REM Offshore to deliver an energy storage system for a platform supply vessel (PSV) that will undergo a retrofit project. The order covers a comprehensive SeaQ package that includes an energy storage system, drives, energy management s
The European Commission (EC) has approved, under EU State aid rules, a €158 million Polish measure to support LOTOS Green H2, a special purpose vehicle ultimately owned by PKN Orlen SA, in the production of renewable hydrogen to be used in the refinery production processes. The LOTOS’s Green H2 proj
Fugro has received full navigation licensing from the UAE Ministry of Energy and Infrastructure for its Blue Essence uncrewed surface vessel (USV). The navigation licensing for Fugro Pegasus represents the first registration of an over-the-horizon USV in the UAE, making the Blue Essence USV the firs
Finnish technology group Wärtsilä and Norway-based Höegh LNG, together with other partners, have received funding of approximately €5.9 million (around $6.4 million) from the Norwegian government for the development of ammonia as a hydrogen carrier for the energy market. The funding is part of Norwa
Aker BP has received consent from the Norwegian regulator to use a vessel with gangway for access (W2W) for work on three fields off Norway.
The Federal Government of Nigeria has filed criminal charges against energy company Seplat Energy and some of its directors and officers over an alleged breach of the Immigration Act. In a statement issued on 13 April, Seplat Energy reported that the suit is in relation to the immigration status of
