Business & Finance
HydroWing secures spot to showcase next-generation Tocardo tidal turbines
UK’s HydroWing has secured a berth with 30 MW potential at a Morlais tidal site in Angelsey, Wales, to demonstrate next-generation Tocardo T-2si turbines configured into the HydroWing structure. HydroWing plans a phased approach starting with a commercial demonstrator project in 2023 which will be o
BP sees profit surge while working to ‘accelerate greening’
BP saw its profit surge in the last quarter of 2021 as a result of higher oil and gas prices, refining margins, and stronger trading results.
Triangle on the lookout for interim CEO as current one steps down
Triangle Energy is searching for a potential interim chief executive officer (CEO) after the current one decided to resign from the position.
ORPC to set up testing center for next-gen RivGen device
Ocean Renewable Power Company (ORPC) has partnered up with nonprofit organisation Our Katahdin to create a testing center in Maine, the U.S., to support the next-generation design and development of its RivGen river hydrokinetic power system. The testing centre for the device that generates electric
Defense technology firm buys Dive Technologies
Defense technology company Anduril Industries has acquired Boston-based subsea robotics designer and manufacturer Dive Technologies. Anduril said that this acquisition expands its suite of autonomous systems, extends its unmanned capabilities to the undersea domain, and significantly accelerates its
Eco advances Azinam deal as drilling plans take shape
Eco Atlantic is one step closer to finalising its 2022 drilling plans and completing the acquisition of Azinam Group and its asset portfolio.
Ingine eyes global expansion through international projects in 2022
South Korean wave energy developer Ingine is preparing for its tenth anniversary with intentions for further global expansion and new projects to accelerate commercialisation as part of the growth plans for 2022.
Petrobras taps Shearwater for geophysical processing software
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
ADC Energy’s third Asia-Pacific deal in 2022 spurs hopes for further growth
ADC Energy has inked its third contract for rig inspection services in Asia-Pacific, paving the way for further growth in the region.
MOL, Petronas team up for LCO2 transportation
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with Malaysian energy company Petronas to study liquefied CO2 (LCO2) transportation for carbon capture, utilisation and storage (CCUS) value chain.
USV-based offshore wind inspection solution gets $3 million boost
Canada’s Ocean Supercluster is allocating around $3 million for a project to develop an uncrewed surface vessel (USV) based subsea inspection solution for offshore wind farms. With a total project value of nearly $6.7 million, the Autonomous Remote Offshore Wind Inspection, Navigation and Deployment
North Sea ERRV specialist brings in 10th newbuild vessel
Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to feature12 ERRVs by year-end.
Seadrill rig wraps up drilling ops on deepwater Gulf of Mexico well
A Seadrill-owned drillship has completed drilling operations on a well located in the deepwater Gulf of Mexico.
Saipem overhauls management team amid rating downgrade and default risk
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.