10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • New US port tariffs could do more harm than good: World Shipping Council asks for ‘constructive’ pathways

    21 April 2025
    Authorities & Government, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    The World Shipping Council (WSC)—the voice of liner shipping—has expressed ‘serious’ concerns regarding the new port fee regime announced by the U.S. Trade Representative (USTR), cautioning that the measures could undermine American trade, hurt U.S. producers, and weaken efforts to strengthen the nation’s maritime industry.

  • Pemex patches up pipeline in the aftermath of oil spill offshore Mexico

    12 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Pemex has undertaken repair work at a pipeline, which is connected to its oil platform off the coast of Mexico, to address leaks and prevent hydrocarbon presence on the North American country’s coast.

  • UK oil & gas duo mulling over potential merger

    7 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion.

  • Atlas Maritime and EMF hail new tanker delivery under $1B fleet renewal program

    22 May 2025
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    International shipping company Atlas Maritime and fund management company European Maritime Finance (EMF) have taken delivery of their eighth eco Aframax/LR2 tanker from South Korean shipbuilder Daehan Shipbuilding.

  • Industry calls on EU to bolster clean shipping standards

    8 May 2025
    Authorities & Government, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    An alliance of non-profits and industry coalitions, collectively representing 82 clean maritime and green hydrogen industry stakeholders, has urged the European Union (EU) to adopt “stronger” policies to support the shipping industry in its pursuit of meeting climate goals and cultivating a global “competitive edge” in the wake of the measures agreed recently at the International Maritime Organization (IMO).

  • LS Marine Solution inks contract for Taipower Offshore Wind Project Phase II

    1 May 2025
    Business & Finance, Business Developments & Projects, Operations & Maintenance

    South Korea-based LS Marine Solution has signed a contract, worth approximately $15.8 million (about €13.8 million), to lay submarine cables for the Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) in Taiwan. According to the company, the contract marks LS Marine Solution’s first win in overseas power grid projects and the first overseas […]

  • 12th LNG carrier joins Celsius Tech’s fleet, 9 more in the works

    20 May 2025
    Business Developments & Projects, Vessels

    Celsius Tech Limited, the Hong Kong-based technical management arm of Danish shipowner Celsius, has taken delivery of a liquefied natural gas (LNG) vessel from South Korea’s Samsung Heavy Industries (SHI).

  • Amid tariff turmoil, MOL opens office in Washington

    1 May 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U.S., through its subsidiary MOL (Americas), even as tariffs continue to roil global trade and challenge the shipping sector.

  • ‘Larger’ slice for oil & gas exploration on Norway’s new offshore licensing menu

    9 May 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    Norway’s Ministry of Petroleum and Energy has launched the award in pre-defined areas 2025 (APA 2025) round for oil and gas exploration activity, covering the predefined areas on the Norwegian Continental Shelf (NCS) with blocks in the North Sea, Norwegian Sea, and the Barents Sea.

  • Gulf of Thailand oil field revamp gets green light

    14 May 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Canada-based oil and gas company Valeura Energy has taken a final investment decision (FID) on the development of its 100%-owned field offshore the Gulf of Thailand.

  • Offshore drilling nonfans flex legal muscle to hinder Trump’s oil & gas exploration zest

    8 May 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production

    The Surfrider Foundation is among the members of a coalition of conservation organizations represented by Earthjustice, which have banded together to take legal action against the Trump administration to prevent the approval of new offshore drilling plays in U.S. waters.

  • Panama Maritime Authority debuts electronic ship registry system

    6 May 2025
    Business Developments & Projects, IT & Software, Vessels

    Seeking to “modernize” its operations further, the Panama Maritime Authority (PMA) has rolled out the first phase of its Electronic Vessel Registry (REN) system. As disclosed, one of the main goals of REN will be to unify the management systems of the General Directorate of the Merchant Marine (DGMM) and the Public Registry of Ship […]

  • Equinor bids adieu to its largest offshore asset outside Norway for $3.5 billion

    5 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    PRIO is expanding its interest in a field off the coast of Brazil by buying the stake Norway’s Equinor holds in what is considered to be its largest operated field outside Norway.

  • Fire breaks out at Petrobras’ Campos Basin oil rig

    22 April 2025
    Regulation & Policy, Safety

    Dozens of workers have been treated for injuries following an explosion and a fire on an oil platform off the coast of Brazil operated by the state-owned energy giant Petrobras.

  • TechnipFMC and UNAM team up to expand subsea engineering skills in Namibia

    18 April 2025
    Authorities & Government, Business Developments & Projects, Collaboration, Human Capital, Outlook & Strategy, Research & Development, Vision

    UK-headquartered energy technology provider TechnipFMC has signed a memorandum of understanding (MoU) with the University of Namibia (UNAM) to co-develop specialized courses in subsea engineering and project management. According to TechnipFMC, the specialized courses are a part of the company’s broader push to support local workforce development and boost Namibia’s energy capabilities. UNAM Vice Chancellor […]

  • Barnacle biofouling can hurt decarbonization efforts of global shipping fleet, new study shows

    1 May 2025
    Market Outlooks, Outlook & Strategy, Research & Development

    High levels of barnacle biofouling on underwater hulls across the global shipping fleet can significantly drag down decarbonization efforts and increase fuel costs, a new study found.

  • Oceaneering ‘outperforms expectations’ so far in 2025 thanks to ‘resilient ROV use and strong vessel activity’

    24 April 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels, Vision

    U.S. subsea engineering and applied technology firm Oceaneering International has achieved a revenue of $675 million in the first quarter of 2025, a 13% increase year over year, outperforming expectations due to “resilient utilization of remotely operated vehicles (ROVs) and strong vessel activity”. For Q1 2025, Oceaneering reported an operating income of $73.5 million, a […]

  • Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience

    9 May 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.

  • Two more wells on Eni’s drilling agenda at Mediterranean gas field

    21 April 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    With gas production increase in mind, Italy’s energy giant Eni is set on drilling two additional wells at a natural gas field in the Mediterranean off the coast of Egypt.

  • Lloyd’s Register, Pusan National University to advance liquefied hydrogen carrier technology

    17 April 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Vessels

    UK-based classification society Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with the Hydrogen Ship Technology Center at Pusan National University (PNU) in Korea to advance liquefied hydrogen carrier technology and cryogenic engineering.

  • Kraken Sonar Becomes Kraken Robotics, Wins $2M Contract

    22 September 2017
    Business & Finance, Equipment

    Kraken Sonar has changed its name to Kraken Robotics and that effective Friday, September 22, 2017, it will begin trading under its new name. The company’s stock symbols will remain the same. The company’s Canadian operating subsidiary, Kraken Sonar Systems has been renamed Kraken Robotics Systems. While the public company name and Canadian operating subsidiary […]

  • Top dollar oil & gas FID plays in 2024 with offshore development epilogues to come

    1 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments.

  • Kraken Buys Stake in Enitech Subsea

    19 May 2017
    Business & Finance

    Kraken Sonar has acquired a minority interest in Enitech Subsea GmbH of Rostock, Germany, and the company has been renamed to Kraken Power GmbH. Under the agreement, Kraken has taken a 19.9% equity interest and provided a €110,000 convertible loan. The loan pays interest at 5% per annum and has a term of three years. Through […]

  • VIDEO: Sinking the Kraken

    1 February 2017

    Video Courtesy: Texas Parks and Wildlife The US Texas Parks and Wildlife Department’s Artificial Reef Program sank a 371-foot cargo vessel, named the Kraken, on January 20, 2017. The ship was sunk 67 miles off the coast of Galveston to create a new artificial reef. Over time, this sunken ship will become an artificial reef […]

  • Kraken SeaVision Sensors for GEOMAR

    20 August 2019
    Business & Finance, Equipment, Project & Tenders

    Kraken Robotics’ German subsidiary, Kraken Robotik, has been awarded a contract to deliver 3,000 meter rated SeaVision laser scanning sensors to the GEOMAR Helmholtz Centre for Ocean Research in Kiel, Germany.  The contract value is approximately $0.5 million with delivery expected during Q1, 2020. Under this contract, Kraken will deliver a twin pod SeaVision 3D […]