Oil major BP has agreed to settle a $29.3 million outstanding commitment to drill an exploration oil well in Gambia’s offshore A1 block.
SEAJET Systems (SJS) has signed a manufacturing partnership agreement with Soil Machine Dynamics (SMD) for subsea excavation and trenching technology. The partnership will see SMD exclusively build, test and commission the fleet of CFE equipment in its production facility in Wallsend, Newcastle upon
South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to KRW 1.08 trillion (about $932.8 million) in an effort to fund the development of eco-friendly vessel technologies.
Russian federal seaports agency Rosmorport has awarded China Communications Construction Company (CCCC) a contract to build Novatek’s Kamchatka LNG terminal in Bechevinskaya Bay.
Welsh marine energy company Marine Power Systems (MPS) has completed its crowdfunding campaign on Crowdcube, raising over £4 million to further advance its offshore renewable energy technology.
ConocoPhillips Australia SH1 has received approval from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) to undertake the Sequoia 3D marine seismic survey. NOPSEMA accepted the plan on 10 August with conditions and/or limitations for the survey within e
Africa-focused oil and gas firm Tower Resources has signed an agreement to farm-out a 49 per cent non-operating working interest in its Thali PSC offshore Cameroon to Beluga Energy.
Lime Petroleum, a subsidiary of Rex International, has signed an agreement with Aker BP to acquire 20 per cent interests in the PL867 and PL867B licenses in the North Sea.
Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.
Oceaneering has secured a contract with ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) to provide two surveys offshore Guyana. Under the contract, Oceaneering will deliver a towed and autonomous underwater vehicle (AUV) geophysical survey and a shallow geotechnical surv
Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar.
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) and Australian energy company Origin Energy have teamed up to study the prospects of green ammonia supply chain to support Australia’s export.
The Government of Canada is investing a total of $50 million in the next two years to help renew 26 small craft harbours in communities along the Pacific coast. This includes $17 million in the Steveston Small Craft Harbour, $11 million in small craft harbours in the Prince Rupert area, and $22 mill
Swedish wave energy company CorPower Ocean has constructed the world’s largest wave energy test rig following an intense two-year project.
