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United States

Armand Lumens, MidOcean Energy's incoming CEO; Source: Neptune Energy
Fossil Energy

Ex-Neptune CFO finds same position at EIG-managed LNG firm

MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by investment company EIG, has appointed a new CFO.

about 2 years ago
Oceaneering on track with full-year 2024 expectations
Subsea

Oceaneering on track with full-year 2024 expectations

Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599

about 2 years ago
Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.
Marine Energy

US research program backs eleven marine energy projects

Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.

about 2 years ago
Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects
Funding & Regulation

Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects

Plug Power has received a conditional commitment for an up to $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) to finance green hydrogen projects.

about 2 years ago
PowerBuoy offshore New Jersey. Source: Ocean Power Technologies
Marine Energy

Ocean Power Technologies approaches 15 MWh milestone in renewable energy production

U.S.-based marine energy firm Ocean Power Technologies (OPT) has nearly hit 15 MWh of renewable energy production from its family of PowerBuoys (PBs) across the globe.

about 2 years ago
Oceaneering looking to enhance its ocean data capabilities with new technology
Fossil Energy

Oceaneering looking to enhance its ocean data capabilities with new technology

Texas-headquartered subsea engineering and applied technology company Oceaneering International is set to integrate technology from a local firm that aims to “enhance its capabilities in ocean data management and visualization”. Terradepth, an Austin-based provider of ocean data management solutions

about 2 years ago
Amogy’s ammonia-to-electrical power system gets ABS’ verification
Alternative Fuels

Amogy’s ammonia-to-electrical power system gets ABS’ verification

Classification society ABS has issued New Technology Qualification (NTQ) for an innovative ammonia-to-electrical power system from U.S.-based ammonia power solutions company Amogy.

about 2 years ago
Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants
Clean Fuel

Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants

Electric Hydrogen has announced $100 million in corporate credit financing to back the manufacturing and deployment of its 100 MW electrolyzer plants.

about 2 years ago
Ocean GreatWhite semi-submersible rig; Source: Kishorn Port
Fossil Energy

Diamond Offshore’s contract backlog hits $1.9 billion amid tightening rig supply and demand dynamics

After enlarging its contract backlog by $713 million in 1Q 2024,Diamond Offshore is determined to expand its backlog further.

about 2 years ago
West Neptune drillship; Source: Seadrill
Fossil Energy

Seadrill finds more work for two drillships in Asia and US

Seadrill has won a new assignment and secured an extension of an existing one for two drillships in its rig fleet.

about 2 years ago
Baker Hughes and CGG in alliance for carbon capture and storage
Fossil Energy

Baker Hughes and CGG in alliance for carbon capture and storage

France-based geoscience technology services company CGG and U.S. energy technology company Baker Hughes have signed a memorandum of understanding (MoU) to jointly explore carbon capture and storage (CCS) solutions. CGG said that the collaboration and proposed commercial alliance intends to support t

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Fossil Energy

Noble CEO: Floaters to keep on reaping the benefits of offshore drilling market’s ‘multi-year uptrend’

Noble Corporation is feeling buoyant over the future opportunities for its rig fleet, especially the floater segment.

about 2 years ago
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