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
Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) and Thai public university Kasetsart University have signed a memorandum of understanding (MoU) focused on carbon capture and storage (CCS) technology, among other things. The collaboration aims to carry out research stud
Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.
Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group, with a frame agreement for the supply of independent consultancy and third-party verification studies across subsurface, drilling, and wells and field development. Petoro manages a direct financial stake in Norway’s oil and gas in
Oceaneering’s cable manufacturing facility in Rosyth, Scotland, has obtained Fit 4 Offshore Renewables (F4OR) status from the Offshore Wind Energy Council (OWEC) and ORE (Offshore Renewable Energy) Catapult. F4OR is a program designed to help prepare the UK supply chain to bid for work in the offsho
The Industrial Center for Doctoral Training in Offshore Renewable Energy (IDCORE) has secured £6 million (around $7.5 million) from the UK’s funding body, the Engineering and Physical Sciences Research Council (EPSRC), allowing the program to continue delivering education and expanding the partnersh
UK regulator North Sea Transition Authority (NSTA) has published two sets of guidance expected to help the industry prepare for first carbon storage injection. The UK Government last year set out its vision for the carbon storage industry pledging up to £20 billion investment and suggesting that it
Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th
American oilfield services company SLB is acquiring majority ownership in Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) as part of an agreement under which the two parties will combine their respective carbon capture businesses. SLB will pay NOK 4.12 billion (around $379.4 mil
Ocean Energy Europe (OEE), a network of ocean energy professionals, has selected new Co-Presidents and Directors who will lead the ocean energy sector through a transitional period. The appointed Co-Presidents are Guillaume Gréau, Head of Business Development for HydroQuest, France, and Patrik Mölle
UK regulator North Sea Transition Authority (NSTA) has launched a new emissions reduction plan highlighting that action is required for production decarbonization, including action on flaring and venting and the electrification of oil & gas installations, to ensure the future of the industry and ach
A California-based developer of wave energy technologies, CalWave, has been picked as the technology provider for a wave energy project at Yuquot, British Columbia (BC) with the Mowachaht/Muchalaht First Nation (MMFN). The Indigenous-led project, supported by funding from TD Bank Group and the Clean
Greenpeace activists have held a rally in Bucharest against “the largest natural gas project in the Romanian part of the Black Sea”.
Australian oil and gas player Beach Energy is planning to reduce the headcount across the business by 30% as part of a move aimed at achieving efficiency and operational cost improvements. Beach Energy announced on February 12, 2024, it was undertaking a comprehensive strategic review that aims to r
