Wave energy firm Mocean Energy has raised £2.2 million in new equity alongside a £500,000 grant to drive the commercialization of its wave energy technologies.The equity funds come from existing investors, including Equity Gap, Scottish Enterprise and Old College Capital…
Cummins is working with partners in the U.K. to develop and deploy a methanol conversion kit for an engine aboard an Ocean Infinity offshore support vessel (OSV) as the maritime industry works toward transitioning to cleaner fuels.The engine…
Classification society ABS announced it has granted approval in principle (AIP) for a the Sterling Streamline, a next generation concept design for large floating production storage and offloading unit (FPSO) newbuild hulls from India's Shapoorji Pallonji Energy (SPE)…
ABS and Singapore-based shipyard Seatrium Limited have achieved the assignment of a structural health monitoring notation for a self-elevating drilling unit (SEDU).ADMARINE 686 is the world’s first SEDU to receive the ABS SMART (SHM) Notation…
Oilfield services players Halliburton and Oil States Industries have entered into a strategic collaboration that combines their technologies to provide deepwater managed pressure drilling (MPD) solutions.According to Halliburton, MPD provides…
Plexus Holdings has secured a rental contract award for Exact Adjustable Wellhead and Centric Mudline Suspension Equipment from oil and gas company Neptune Energy UK.The contract is for Adjustable Surface Wellhead Equipment and Mudline Tooling…
BIO-UV Group said Thursday it had received a major order to supply its BIO-SEA ballast water treatment system to a pair of drillships scheduled to enter an undisclosed operator’s offshore drilling rig fleet.According to BIO-UV, a modular version from the BIO-SEA B-Series…
Canadian marine robotics specialist Kraken Robotics has received an initial order for its AquaPix Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. 'Synthetic Aperture Sonar is quickly becoming the…
Danish offshore vessel owner Maersk Supply Service has selected the Fleet Data IoT platform from Inmarsat Maritime, a Viasat business, to help optimize the performance of its first vessel battery installation onboard the Maersk Minder anchor handler…
Scottish engineering business ACE Winches is calling on industry to invest more in training young people as it expands its own apprenticeship scheme.The Aberdeenshire-based company has welcomed its very first foundation graduate, bringing the…
Miros, a global ocean insights specialist, said Monday it had advanced its offering to the maritime sector by integrating weather forecast layers into its Miros Cloud Home solution (miros.app).'The new version of Miros Cloud Home incorporates…
Kongsberg Discovery started sea trials with its new long-range Autonomous Underwater Vehicle (AUV), HUGIN Endurance.Launched in 2021, HUGIN Endurance measures nearly 11m long with a 1.2m diameter, weighing around 8,000 kg. This mega AUV is rated to a depth of 6…
MAN Energy Solutions has won the contract for the delivery of three integrally-geared compressor trains (IGC) for Porthos, the first large-scale carbon capture and storage (CCS) project in the Netherlands. The Port of Rotterdam Authority, Energie Beheer Nederland B…
ADNOC, AIQ, and SLB said Wednesday they had launched a new AI-driven solution for reservoir analysis and field development, enabling the acceleration of the digital transformation of the energy sector. According to the trio, the Advanced Reservoir…
U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets.Energy firms booked record profits last year following a spike in commodity…