U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets.The…
Eco Wave Power has signed an agreement with the Africa Great Future Development (AGFDL) to conduct a feasibility study for a potential wave energy power station at the Port of Ngqura, South Africa.The agreement marks Eco Wave Power's first step…
The Scottish Government has granted joint venture partnership between Ørsted, Simply Blue Group and Subsea7, the developers of Salamander floating offshore wind farm, a go-ahead to build and operate the 100 MW floating wind array.Salamander…
Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks.The Labour government…
Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.Adjusted net profit came in at 1.13 billion euros ($1…
MENCK, a brand in marine energy and infrastructure services company Acteon, has secured a contract to supply advanced pile-driving equipment and operational services for the installation of the Hornsea 3 offshore wind farm.Acteon will supply its MENCK MHU4400S hydraulic hammer…
Great Lakes Dredge & Dock Corporation, the largest provider of dredging services in the United States, has launched the first U.S. flagged, Jones Act-compliant subsea rock installation (SRI) vessel, named Acadia, at Hanwha Philly Shipyard.The…
Energy services firms Saipem and Subsea7 have signed a binding merger agreement to create a leading energy services company under the name of Saipem7, which will have a combined backlog of over $50 billion.The binding merger agreement follows…
Europe's gas market could tighten further ahead of the winter season as storage levels remain well below last year and the continent faces competition from Asia for LNG shipments, the CEO of Norway's Equinor told Reuters on Wednesday.Europe's…
TotalEnergies reported a 23% fall in second-quarter earnings on Thursday, as expected, the French oil major's worst performance in four years, as higher upstream production failed to offset lower earnings caused by the recent plunge in oil and gas prices…
Huisman has signed a contract with Dong Fang Offshore (DFO) for the delivery of a modular cable lay system, specifically designed for deployment across range of vessels.Huisman’s 30mt cable lay system will be suitable for deployment for DFO’s…
Offshore construction firm Lamprell has awarded Ventherm a contract to deliver a fully automated robotic solution for the surface treatment of transition pieces used in offshore wind foundations.This first-of-its-kind project introduces a fully…
CorPower Ocean has secured a grant from the EU Innovation Fund to support the development of VianaWave, a pre-commercial 10MW wave energy farm to be deployed off the coast of northern Portugal.The grant, in the amount of $46.8 million (€40 million)…
Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration.In April, Interior…
Wind industry service company FairWind has appointed Alexandra Hof as Regional Head of Service for Northern Central Europe (NCE). In this newly created role, established to reflect a sharpened focus on local market growth, Hof will lead the…