Business & Finance
Sweetch Energy gets €5.2M boost for osmotic power prototype
French-based osmotic power pioneer Sweetch Energy has secured €5.2 million to develop its first full-scale osmotic power prototype and start the industrialisation phase for the novel clean power source.
FAR finally gets takeover offer from Remus Horizons
Following a conditional non-binding indicative proposal in late 2020, FAR Limited has finally received a takeover offer from Remus Horizons.
Nicola Offshore and Cyprus Subsea sign partnership deal
Offshore hydrographic survey specialist Nicola Offshore has joined forces with ocean monitoring expert Cyprus Subsea Consulting and Services to boost the acquisition of marine data.
Norwegian seismic company wins first offshore wind contract
Norwegian seismic company SeaBird Exploration has secured its first contract in the offshore wind sector. SeaBird will provide its survey vessel Petrel Explorer as an accommodation vessel for a wind farm maintenance campaign in the Baltic Sea. The company did not disclose the name of the project, bu
Polarcus agrees standstill and settlement terms with lenders
Marine seismic company Polarcus has agreed standstill and settlement terms with its lenders who have committed to refrain from exercising any further security interests over the Polarcus Group or their assets.
U.S. oil major Chevron enters offshore wind market
U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a U.S. company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy. Ocergy secured the investments through its Series A
ADM, Eunisell considering Barracuda field development options
Oil and gas investment company ADM Energy has signed a deal with Eunissel to explore collaboration to develop the Barracuda oil field in OML 141 located in shallow waters off Nigeria.
Santos to drill up to 12 wells in Bedout basin
Australia’s Santos has submitted an environment plan to the country’s regulator NOPSEMA ahead of drilling 12 wells in the Bedout Basin.
Egypt to hold Ever Given, its crew until $916M claim is paid
The giant containership Ever Given, which hit the headlines after getting stuck in the Suez Canal last month, has been seized by the canal authority. Namely, the Suez Canal Authority (SCA) is seeking $ 916 million in damages for the costs incurred by the ship’s blockage of the waterway. The ship wil
Rhenus takes major stake in Arkon Shipping & Projects
Germany-based short-sea shipping company Rhenus Maritime Services acquired 60 per cent of the shares in compatriot ship and project consignment manager, Arkon Shipping & Projects, in March 2021.
MMHE secures work on SapuraOMV’s offshore gas project
MMHE has secured a contract from SapuraOMV to undertake the EPCIC for the SK408W Jerun development project offshore Sarawak, Malaysia.
Aquaterra bags largest riser analysis job ever
Aquaterra Energy has secured its largest riser analysis contract to date with a Middle Eastern operator to provide riser analysis.
Havila Shipping finds work for platform supplier
Norwegian shipowner Havila Shipping has won a contract for one of its platform supply vessels (PSV) with IKM Acona AS.
Golden Energy’s vessel duo scores contract extensions
Norwegian offshore vessel operator Golden Energy Offshore Management has secured contract extensions for two vessels that the company manages.