Saipem has won another such deal for work at an oil and gas field off the coast of Saudi Arabia, which the country’s energy giant Aramco operates.
With revenue recognition on the horizon, Ocean Power Technologies (OPT), a U.S.-based marine energy firm, has completed preparations to ship the AI-capable Merrows PowerBouy (PB) to a customer in the Middle East. With the shipment of the PB, OPT will advance to the next phase of revenue recognition
