Shell has kicked off its controversial seismic survey activities off South Africa despite growing opposition from environmentalists.
Drilling costs for an exploration well located off Guyana are expected to increase as drilling operations are taking longer than expected.
Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
Houston-based Talos Energy has elected a former Noble Energy executive to lead its carbon capture and sequestration business.
Hutchison Ports BEST, a semi-automated terminal, aims to become the greenest container terminal in the Mediterranean with 100% electricity coming from renewable sources starting from 2022.
Norwegian sea-state monitoring firm Miros has installed its WaveSystem IoT dry-sensor onboard Prysmian’s cable-laying vessel Leonardo da Vinci.
Contencon Manzanillo (CMSA), a subsidiary of Manila-based International Container Terminal Services, Inc. (ICTSI), is investing $230 million to expand the Second Specialized Container Terminal at the Port of Manzanillo in Colima, Mexico.
Norway’s government has received applications from five companies for two areas associated with the injection and storage of CO2.
Hong Kong-based containership owner and operator Seaspan Corporation, part of Atlas Corp., has completed an export credit agency- (ECA) backed $838 million financing.
Bermuda-based LNG shipper Golar has entered into a pre-commitment agreement for the newly-formed firm Cool Company (CoolCo) to acquire its eight TFDE LNG carriers.
AqualisBraemar LOC Group has taken the full ownership of engineering, design and R&D consulting firm specialising in marine renewables Innosea.
