Outlook & Strategy
Mystery client hires PGS’ Ramform Tethys
Norwegian seismic company PGS has secured a 4D contract in Northern Europe with what it describes as an “independent energy company”.
GT Green Technologies secures $1.6M to commercialize its wind propulsion solution
The UK-based wind propulsion specialist GT Green Technologies has closed a £1.25 million (about $1.58 million) seed equity round to support the commercialization of its AIrWing wind propulsion system.
Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract
Norwegian marine survey contractor Argeo has secured a $39 million contract with French multi-energy major TotalEnergies for work offshore Africa. Work will be carried out by Argeo Venture and will occupy the vessel for the remainder of 2024. Argeo did not reveal any other information about the cont
Equinor and DeepOcean extend subsea collaboration with new frame agreement
Norwegian state-owned energy giant Equinor has signed a frame agreement with compatriot ocean services provider DeepOcean for subsea infrastructure and cable repair for offshore oil & gas and renewables. The agreement covers marine services including subsea intervention and repair contingency for su
Snam selects Baker Hughes’ hydrogen-ready technology for its gas network
Baker Hughes will provide its hydrogen-ready technology for Snam’s new gas compressor station in Sulmona, Italy.
New association for maritime nuclear created
A global group of companies with a common interest in developing nuclear energy solutions for the maritime sector have launched Nuclear Energy Maritime Organization (NEMO).
Baker Hughes backs European clean energy technology manufacturer
U.S. energy technology company Baker Hughes has made a strategic investment in European clean energy technology manufacturer Elcogen.
PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.
Ulstein CEO to take the helm at Vard
Norwegian ship designer and shipbuilder Vard, part of Fincantieri, has appointed the current chief executive officer (CEO) of compatriot shipbuilder and designer Ulstein Group as its new CEO. Cathrine Kristiseter Marti, who will take over as the new CEO of Vard starting June 1, 2024, comes from the
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.
Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive
Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.
Deal signed for new hydrogen industry cluster in South Korea
South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.
Asso.subsea completes cable work at Croatian interconnector (Gallery)
Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mal
New Japan-UK partnership eyes green hydrogen and derivatives projects
J-POWER and Yamna have signed an agreement for the joint development and investment in green hydrogen and derivatives projects globally.