Canada Pension Plan Investment Board (CPP Investments) has entered into a definitive agreement to become the 100% owner of Ports America, North America’s largest marine terminal operator, by acquiring interest from funds managed by Oaktree Capital Management, L.P.
Bilfinger will create a new business following the merger of its two core UK entities, in an effort to respond to a shift in market demand.
Subsea 7 has secured a “major” contract with an undisclosed client that extends the engineering, project management, and procurement scope of an award announced in mid-March.
Norwegian carbon tech company Horisont Energi has been discussing the financing of the Barents Blue ammonia plant with a number of infrastructure investors.
United Arab Emirates’ Ministry of Energy and Infrastructure has launched the UAE Maritime Cluster to be an umbrella for the local and federal government and private organisations in the maritime sector.
PGNiG and Black Cat have signed a Memorandum of Understanding to cooperate on oil and gas production projects in the Gulf region.
Bristow Group has named a retired Guyana Defence Force Air Corps commanding officer as the area manager in Guyana.
TEK-Ocean Group has secured additional work with one of its major clients within the Bass Strait energy fields offshore Australia.
As the maritime industry’s quest for the best possible decarbonization has intensified, wind propulsion systems are gaining traction around the globe.
Researchers from North Carolina and Puerto Rico have deployed Waverider buoys to collect wave energy data that will help marine energy developers pinpoint best spots to source clean, renewable energy in the Atlantic Ocean.
U.S. offshore engineering firm McDermott has joined the AquaVentus offshore wind-to-hydrogen project to contribute to German and European hydrogen strategy.
French energy giant TotalEnergies has failed to find commercial hydrocarbons in its latest well located in Block 58 offshore Suriname.
Chinese energy trading center Shanghai Petroleum and Natural Gas Exchange (SHPGX) launched a spot pricing index for LNG imports, Reuters reports.
Aker BP has awarded two long-term contracts to Soltad and Møkster for its PSVs, which will be upgraded with a battery-hybrid system.
