Odfjell Drilling is contemplating spinning off its Well Services and Energy segments into a newly established company and list it on Oslo.
A decision by Mærsk’s towage subsidiary, Svitzer, to terminate a collective agreement with its entire Australian workforce could further deepen the country’s supply chain woes, according to the International Transport Workers’ Federation (ITF).
SIMEC Atlantis Energy, together with its partner Asturfeito, has developed a new pitch system that enables the rotor diameter and rated capacity of tidal energy turbines to increase.
Israeli shipping company ZIM Integrated Shipping Services has decided to end the cooperation with the 2M alliance members Maersk and Mediterranean Shipping Company (MSC) on key transpacific trades.
Multi-national corporation IDOM, in collaboration with U.S. partners, is seeking feedback from tidal energy industry on the optimal design of a mobile test vessel to ensure its capabilities provide best support for the scope of tidal energy turbine testing.
Sustainable infrastructure investor Greenbacker Capital has made an equity investment in California-based solar developer Noria Energy, marking its entry into floating solar market.
The latest analysis from Westwood has revealed a y-o-y growth for the global offshore rig market at the close of 2021.
EC-OG, a UK-based intelligent energy management and storage technologies specialist, has changed its name to Verlume to emphasize its energy transition ambitions.
The U.S. Department of Energy (DOE) has awarded $25 million to eight wave energy projects that will make up the first round of open-water testing at the PacWave South test site offshore Oregon.
UK-based company Marine Power Systems (MPS) has been awarded £3.5 million in grant funding from the UK Government to further develop its floating platform technology and wave energy converter.
French start-up HelioRec has installed a floating solar power plant in the Port of Oostende in Belgium as part of the EU-funded DUAL Ports initiative.
2021 saw 704 vessels sold for scrap overall, with a combined deadweight tonnage of 26.4 million and a total scrap value of $2.7 billion, a report released by VesselsValue shows.
Shell has officially changed its name to Shell plc, after deciding to simplify its share structure and remove the Royal designation.
Two giant oilfield services players – Baker Hughes & Schlumberger – closed the year 2021 on a positive note.
