10000 results found for 'UK'

10000 results found for 'UK'
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  • Kraken’s $17 million purchase of US company to uplift its subsea offering

    13 March 2025
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Human Capital, Innovation, Outlook & Strategy, Transition, Vision

    Canada-headquartered marine technology player Kraken Robotics is expanding its U.S. footprint with the acquisition of 3D at Depth, a subsea technology and services company specializing in high resolution LiDAR imaging and measurements. Kraken Robotics, through a subsidiary, has signed a definitive agreement and plan of merger to acquire 100% of the shares of 3D at […]

  • Total insured losses from North Sea containership-tanker allision to likely range between $100M to $300M

    13 March 2025
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Total insured losses resulting from the allision between a Portuguese-flagged containership and a US-flagged tanker in the North Sea are anticipated to range between $100 million and $300 million for all coverages, according to a Canada-based global credit ratings agency.

  • French tidal energy project secures €31.3M EU Innovation Fund grant

    13 March 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology, Vision

    Tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund.  According to Normandie Hydroliennes, the grant will accelerate the deployment of one of France’s first commercial-scale tidal energy pilot projects, advancing marine renewables in the country. The project will install four Proteus […]

  • UK firm rolls out new remotely operated vehicle for subsea operations

    20 February 2025
    Business & Finance, Business Developments & Projects, Innovation, Technology

    UK’s Forum Energy Technologies (FET) has introduced its ultra-heavy-duty work-class remotely operated vehicle (ROV) designed to enhance subsea operations with increased payload capacity and advanced control capabilities. According to FET, the XLX EVO III ROV features larger thrusters for improved through-water performance, an updated buoyancy package enabling a 500-kilogram payload, and a CNC-machined frame for […]

  • NKT patches up UK-Netherlands cross-border interconnector after power outage

    20 February 2025
    Business & Finance, Business Developments & Projects, Operations & Maintenance

    Following a power outage, NKT has restored to working order a cross-border interconnector, which connects the electricity markets of the UK and the Netherlands via subsea cable.

  • Royal Caribbean becomes latest player in maritime methane abatement initiative

    10 March 2025
    Collaboration, Outlook & Strategy

    Florida-based cruise holding company Royal Caribbean Group has become the latest member of Methane Abatement in Maritime Innovation Initiative (MAMII), a cross-sectoral effort aimed at eliminating methane emissions in shipping. Royal Caribbean was added to MAMII’s roster in the early days of March 2025, bringing the total number of companies from the maritime transportation and […]

  • Shell-Brevik Engineering LCO2 carrier design wins DNV AiP

    14 March 2025
    Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Infrastructure, Innovation, Regulation & Policy, Technology, Vessels

    Norwegian class society DNV has awarded a detailed approval in principle (AiP) to the UK-based Shell International Trading and Shipping Company Limited, part of Shell, and Norway-based marine engineering company Brevik Engineering for their design of a 74,000 cbm liquid carbon dioxide (LCO2) carrier.

  • BP’s biggest project continues with gas production business as usual after leak

    10 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    BP has participated in a helicopter flight with a team of Mauritanian and Senegalese technicians to confirm there is no residue on the surface of the sea, in the wake of a gas leak at its giant gas development off the coasts of Mauritania and Senegal.

  • Can hydrogen deliver? Industry leaders weigh in on costs, policy and progress

    14 March 2025
    Market Outlooks, Outlook & Strategy, Transition, Vision

    Hydrogen has long been a staple of industrial processes, but its potential as a decarbonization tool remains the subject of intense debate. While its role in refining, steel production and heavy transport is increasingly recognized, fundamental challenges persist – chief among them cost, infrastructure and investment uncertainty.

  • First unit of ‘world’s first charter fleet of fully autonomous USVs’ hits the water (Gallery)

    27 February 2025
    Business & Finance, Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Technology, Transition, Vessels, Vision

    A UK-built 12-meter-long autonomous uncrewed surface vessel (USV), designed for long-distance over-the-horizon operations, has hit the water for the first time, with three sister vessels soon to follow. After nearly 18 months of design, engineering, and build, UK-headquartered Zero USV launched its inaugural Oceanus12 USV to the water for the first time at Manor Marine […]

  • Vaalco secures multi-million loan to fund growth projects across assets

    6 March 2025
    Business & Finance, Business Developments & Projects

    Houston-based energy player Vaalco Energy has entered into a revolving credit facility to provide short-term funding for its planned investment programs over the next few years.

  • GT Wings: First AirWing-fitted ship sets sail

    4 March 2025
    Business Developments & Projects, Green Marine, Technology, Vessels

    UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.

  • UK player staying on duty at giant oil field offshore Qatar for five more years

    20 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

  • Upgrade to enhance Spanish 25-year-old vessel for subsea sector

    26 February 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    Spanish maritime survey and ROV services operator ACSM is in the process of upgrading its 25-year-old offshore support vessel (OSV) Nautilus to enhance its operations in the subsea sector.  The 73-meter-long vessel has completed its upgrading phase at the shipyard Viana do Castelo in Spain, and is now in Vigo at ACSM’s headquarters completing the […]

  • Lloyd’s Register approves Corvus Energy’s marine battery system

    4 March 2025
    Business Developments & Projects, Certification & Classification, Equipment, Regulation & Policy, Research & Development, Technology, Vessels

    Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.

  • Shell flows first oil from next chapter of Malaysian enormous deepwater project

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

    Shell has brought online Phase 4 of its giant deepwater development project off the coast of Malaysia.

  • BP pivoting back to oil & gas and cutting transition spending by $5B in reset strategy

    26 February 2025
    Business Developments & Projects, Transition

    U.K.-headquartered energy giant BP has introduced what it calls a “fundamentally reset” strategy focusing on more investments in the oil and gas sector and limiting those related to energy transition.

  • Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?

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

    Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene.

  • OEUK pushes for UK carbon capture funding amid budget concerns

    14 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Outlook & Strategy, Project & Tenders, Regulation & Policy, Vision

    Britain’s trade body for the offshore energy industry Offshore Energies UK (OEUK) has urged the UK government to stay committed to supporting additional carbon capture, usage, and storage (CCUS) projects as concerns mount over potential funding cuts in the upcoming comprehensive spending review (CSR). The industry body is pressing the government to honor its pledge […]

  • MODEC teams up with Samsung to equip FPSO with ‘groundbreaking’ carbon capture tech

    27 February 2025
    Business Developments & Projects, Technology

    Japanese giant MODEC has entered into a front-end engineering and design (FEED) contract with engineering company SAMSUNG E&A for a pilot project to install a modular carbon capture technology developed by U.K.’s Carbon Clean on MODEC’s floating, production, storage, and offloading (FPSO) unit.

  • COSCO boxship duo receives B24 biofuel in parallel refueling efforts

    13 March 2025
    Vessels

    Two container vessels belonging to China’s state-owned giant COSCO Shipping Lines recently powered up with B24 marine biofuel oil at two separate ports, marking what was described as another step forward in embracing clean fuels in the wake of accelerating global environmental efforts. The two ships that were bunkered with biofuel were the 349-meter-long COSCO […]

  • BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

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

    BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

  • LR partners with Microsoft to use AI for advancing nuclear power in maritime

    5 March 2025
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, IT & Software, Outlook & Strategy, Technology

    Classification society Lloyd’s Register (LR) has revealed plans to use generative artificial intelligence (AI) to accelerate the regulatory process for nuclear power in the maritime industry.

  • North Sea FPSO production restart on the cards next month following storm-induced damage

    18 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Serica Energy has confirmed the new timeline for the resumption of production at its assets in the North Sea, which are tied back to an existing floating production, storage, and offloading (FPSO) vessel, operated by Dana Petroleum, on the UK Continental Shelf (UKCS).

  • Construction begins on UK’s $3 billion subsea electricity superhighway

    17 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Transition, Vision

    Construction has commenced on the Eastern Green Link 1 (EGL1) subsea electricity superhighway in the UK, which will transport green electricity for two million homes along over 190 kilometers of predominantly undersea cable linking the south-east of Scotland with the north-east of England. The 2 GW EGL1 HVDC multi-directional cable is being developed by National […]