New global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching $33 billion.
Prysmian Group has finalized the cable laying and burial operations for the submarine power interconnection between Ibiza and Formentera in Spain. Marine installation operations were performed by Prysmian’s cable-laying vessel Cable Enterprise, while burial activities were carried out by the company
Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.
SeaBird Exploration, the provider of marine 2D seismic acquisition and source vessel services, has received a letter of award for an extension to the 2D campaign in the Eastern Hemisphere.
FortisBC Holdings, a subsidiary of Fortis Inc., the North American regulated electric and gas utility company, and Snuneymuxw First Nation of the Coast Salish People, located in the centre of Coast Salish territory, have signed an agreement to collaborate on the Tilbury projects in Canada. According
Germany-headquartered Subsea Europe Services (SES) has opened a new research and development (R&D) center dedicated to the development of new integrated, autonomous and digital technologies. The new facility, located at the company’s premises in the Ocean Technology Campus Rostock, will focus on the
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.
Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart
Grant Shapps, the UK Secretary of State for Business, Energy and Industrial Strategy (BEIS), has less than a month to sign off a decision on Ørsted’s Hornsea Four offshore wind farm, which might not be an easy task as the developer and BP are still at odds over an area where their offshore wind and
U.S.-based Baker Marine Solutions (BMS), a subsidiary of Baker Subsea Solutions (BSS), has made an investment into two “next-generation” inspection class remotely operated vehicles (ROVs). The two Outland 3000 Inspection class ROVs will be fitted with Tritech Gemini 1200ik multi beam sonars, Waterli
German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of
Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines
Proven reserves of natural gas set a new record in the U.S. in 2021, while proven reserves of oil increased but not to pre-Covid level.
