Business & Finance
United States trumpets the largest ever investment in tidal energy and river current systems
The US Department of Energy (DOE) has announced $35 million in funding to advance river current and tidal energy systems, the largest ever made for these renewable energy technologies in the United States so far.
NYK invests in Pertamina’s shipping subsidiary
Japanese shipping major NYK has reached a basic agreement to invest in PT Pertamina International Shipping (PIS), a shipping subsidiary of Indonesia’s state-owned oil and gas company PT Pertamina (Persero). The duo plans to conclude an investment agreement and complete the investment by the end of 2
Solstad PSV gets five-year job in North Sea
Solstad Offshore has secured a new five-year contract for one of its platform supply vessels (PSVs) with TotalEnergies in the North Sea.
Samsung Heavy Industries lands deal for VLGC duo
South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order for the construction of two very large gas carriers (VLGCs) worth approximately $190 million (KRW 270.7 billion). The company behind the order is an undisclosed shipowner based in Africa, according to a stock exchange filing. T
Seadrill closes sale of seven jack-up rigs in Saudi Arabia
Offshore drilling contractor Seadrill has completed the sale of seven jack-up rigs to ADES in Saudi Arabia.
BP to form global floating wind team
The original article published on 14 October has been updated following the news that BP has qualified as an eligible bidder for the first offshore wind lease sale in California. BP is advertising a new opening in its offshore wind business, this time looking for the Head of Floating Offshore Wind,
North Sea operator Ithaca Energy makes plans for London listing
Ithaca Energy, the UK’s independent E&P company focused on the North Sea, has revealed its intention to float on the London Stock Exchange.
Nauticus Robotics hears NASDAQ bells
Nauticus Robotics is set to ring the NASDAQ closing bell this week, celebrating the recent closing of its business combination with CleanTech Acquisition Corp. (CLAQ). The ceremony will be held on Thursday, 20 October, and will mark the associated listing of Nauticus’ common stock and warrants on NA
NGOs launch campaign against TotalEnergies’ project in South Africa
Two organizations have launched a campaign calling on TotalEnergies to renounce its offshore oil & gas projects in South Africa.
px Group to manage 20-year-old North Sea gas pipeline
TotalEnergies E&P UK has awarded px Group with a long-term multi-year contract to operate the SEAL gas pipeline in the North Sea. The SEAL pipeline transports sales quality gas from the Elgin Franklin platform in the Central Graben Area of the North Sea to the dedicated module at the Bacton gas term
Sustainable Marine sells Swift Anchors business to German partner
Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel.
Saudi Aramco, NPCC, and McDermott to set up two offshore fabrication yards
Aramco, in collaboration with international partners, is establishing two offshore fabrication yards in Saudi Arabia.
iXblue and ECA Group to operate under new brand
iXblue and ECA Group will be operating under a new joint brand called Exail, the companies announced following the recent acquisition of iXblue by Group Gorgé. According to iXblue, the companies will benefit from a global workforce of 1,500 persons and are expected to achieve an annual turnover of €
Petrobras’ new FPSO heads to the pre-salt field offshore Brazil
Singapore’s Sembcorp Marine has achieved an operational milestone with the completion of P-71, its second FPSO project for Tupi B.V.