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Akçakoca production platform; Source: Trillion Energy
Vision

Trillion Energy becomes Dune Oil Corp.

Canadian oil & gas player Trillion Energy is changing its name to Dune Oil Corp. as part of its strategic pivot to oil development and exploration, representing a new direction for the company. The name change and the company’s new trading symbol on the Canadian Securities Exchange (CSE), DUNE, will

about 2 months ago
Ramform Tethys
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TGS gets the ball rolling across three continents

Some ten days after the announcement of a strategic collaboration agreement with Allton for accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology, Norwegian energy data and intelligence company TGS has reported updates from three countries, namely Norway, Ghana and C

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about 2 months ago
Covelya Group acquisition expands Kraken’s geographic reach
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Covelya Group acquisition expands Kraken’s geographic reach

Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi

about 3 months ago
Ocean energy can supply 13% of global electricity demand, report says
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Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million
Vision

Kraken Robotics buying Sonardyne and EIVA’s parent company for $615 million

Canada-headquartered marine technology player Kraken Robotics is set to acquire the UK’s Covelya Group, the parent company of Sonardyne International and EIVA, among others. Covelya Group designs, manufactures, sells and supports high-performance underwater technology for maritime defense and commer

about 6 months ago
Canada
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Marine energy ‘key pillar’ in Canada’s clean energy transition, 2050 roadmap states

Marine Renewables Canada (MRC) has published a national roadmap that outlines how offshore wind, tidal, wave, and river current energy can help meet Canada’s surging electricity demand, projected to increase two to threefold by 2050, with marine renewable energy seen as a key pillar of the country’s

about 7 months ago
wave energy buoys
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Canadian firm raises $1.83M to advance wave energy tech

Voltai, a Canadian cleantech company focused on ocean and renewable energy solutions, has closed an oversubscribed $1.83 million pre-seed financing round. Invest Nova Scotia led the round, with additional participation from an angel investor group headed by Mahir Sahin, former advisor to Alphabet’s

about 1 year ago
OSIP floating platform concept illustration
Vision

Bay of Fundy tidal energy projects receive $10.7M federal boost

Natural Resources Canada (NRCan) has allocated $10.7 million in federal funding for two projects aimed at advancing tidal energy monitoring in the Bay of Fundy. The funding, delivered through the Energy Innovation Program, will support the Ocean Sensors Innovation Platform (OSIP) led by the Fundy Oc

about 1 year ago
New partnership to bring military-grade battery tech to commercial offshore energy sector
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New partnership to bring military-grade battery tech to commercial offshore energy sector

Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
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SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Nova Scotia has launched a competitive process to attract new tidal stream energy projects at Canada’s lead research facility for tidal stream technology, Fundy Ocean Research Center for Energy (FORCE
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Nova Scotia opens new tidal stream procurement round at FORCE

Nova Scotia has launched a competitive process to attract new tidal stream energy projects at Canada’s lead research facility for tidal stream technology, Fundy Ocean Research Center for Energy (FORCE). The process, administered by Power Advisory, seeks projects between 5 MW and 8 MW. Applicants may

about 1 year ago
Fugro to conduct surveys for Equinor's stalled $12B oil project off Canada
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Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago
Kraken wraps up $17 million purchase of US underwater LiDAR technology company
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Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago
UK firm picks its first international franchisee for fully autonomous USV charter fleet
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UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago