A new mooring, anchoring and quick connect solution optimised for marine energy systems, developed as part of the UMACK project, has been validated in on-land trials ahead of ocean demonstration.
Maersk to acquire logistics company in Asia Pacific
Aker BP plans to acquire Lundin’s oil and gas business, through a statutory merger, in a push to create a leading E&P company of the future.
Danish marine pump manufacturer Svanehøj says it has quadrupled its sales of fuel pump solutions in 2021 as a record year for new LNG-fueled shipbuilding contracts.
Swiss container shipping major Mediterranean Shipping Company (MSC) has submitted an offer to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa.
The Oil and Gas Authority is supporting the launch of a new climate compatibility checkpoint for the oil and gas industry.
Swedish zero-emission energy systems provider Echandia has decided to open a business development hub in Aberdeen to serve the UK market.
French tidal energy company Sabella has announced plans to launch a crowdfunding campaign to finance its tidal power research and project activities.
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
United Arab Emirates-based oil company Abu Dhabi National Oil Company (ADNOC) is studying options for LNG bunkering operations to serve its new LNG-fueled vessels.
The LNG bunker market could reach ten million tonnes a year by 2025, TotalEnergies Marine Fuels forecasts in its new white paper on marine transport energy transition.
Scottish tidal energy company Orbital Marine Power has unveiled plans to qualify multiple applications for submission into the UK Government’s newly opened renewable energy auction round.
SIMEC Atlantis Energy has sold its hydro power subsidiary Green Highlands Renewables (GHR) for a total of €3.5 million in a move to simplify its business structure and increase focus on tidal and power station conversion businesses.
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris.
