Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) received contracts totalling $2.7m for subsea batteries and synthetic aperture sonar systems (SAS). The SAS sensor contracts represent two new customers, continuing the growth of Kraken's list of users…
Equinor announced Thursday it has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf.The COSLPromoter is already contracted to Equinor and will commence on the new contract in the first quarter of 2025…
Enerpac won a contract by Saipem to supply the Hydraulic Levelling and Fixation System for the installation of 64 transition pieces (TP) at the offshore wind farm in France. The Enerpac system is designed to allow accurate levelling and fixation of the transition pieces on the monopile foundation…
Balmoral has introduced a number of subsea solutions over the past few years, including Balmoral HexDefence and Balmoral FibreFlex, scour and cable protection systems respectively for the offshore wind sector. The latest product solution to be brought to market is a bend stiffener connector…
The offshore supply vessel industry has weathered a tumultuous decade characterized by a prolonged trough that tested the resilience of vessel owners. However, the tides have turned, and the industry is now experiencing a strong and much-awaited revival…
Offshore drilling contractor Transocean announced it has been awarded a $222 million contract for one of its ultra-deepwater drillships to go to work offshore India.India's state-controlled Oil and Natural Gas Corporation Ltd awarded the binding…
Samsung Heavy Industries has received basic certification for a floating CO2 storage unit (FCSU) from DNV.The FCSU, jointly developed by Samsung Heavy Industries and MISC, is 330 meters long and 64 meters wide, and has a high-pressure tank capacity that can store 100…
The low interest in the first-ever auction of offshore wind farm development rights in the Gulf of Mexico marks a potentially serious setback for U.S. President Joe Biden’s green energy agenda, and the U.S. offshore wind sector in general.U…
CGG announced that Sercel now has a complete portfolio of seabed nodal solutions for all water depths down to 6,000 m to meet growing industry demand for ocean bottom node (OBN) seismic surveys. Based on Sercel’s QuietSeis broadband digital sensor technology…
Canadian marine technology company Cellula Robotics announced it has commenced sea trials of its Solus-XR extra large unmanned underwater vehicles (XLUUV), signifying a key step in the company's development of its long range hydrogen fuel cell powered autonomous underwater systems…
New studies leveraging conceptual designs of offshore wind turbines point to how their drivetrains could change in the near future to produce more power while lowering costs, according to a new journal article by the U.S. Department of Energy’s…
Offshore wind turbines are reaching new heights both literally (meters), and figuratively (megawatts). As the demand for larger turbines surges, so do the challenges faced by offshore installation contractors, which need to come up with bigger vessels…
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…
International well plug and abandonment specialists Well-Safe Solutions have announced Well-Safe Resources; a new business function focusing on deploying well engineering and project management talent worldwide.The newly-formed Well-Safe Resources service offering will be headed by Steve Combe…
Kraken Robotics Inc. has announced solid financial results for the quarter ended June 30, 2023.Products revenue in the quarter was $10.5 million, an increase of 24% over the comparable quarter. The increase was the result of continued sales of KATFISH…