The Energy Ministers of the nine North Sea countries held their annual meeting on Friday in Odense, Denmark, reaffirming their ambition to transform the North Seas into Europe’s “green power plant.”The North Seas Energy Cooperation is the intergovernmental…
What drives cyber attackers and what are their main motives for malicious online activities? Who are the most prominent attackers in the maritime industry and how do they do it?According to the report from Marlink’s Security Operations Center on cyber security threats…
InduSuite introduced FloCloud, its latest application in its line of welding and cutting digital software solutions. FloCloud includes a combination pressure and flow sensor system that digitally tracks the pressure, temperature, consumption…
The OSV sector has concluded its second quarter earnings season, marking another quarter with strong profitability and favorable market conditions. However, negative oil market sentiment, with the Brent price down by 19% since the start of July…
Subsea technology and services provider Ashtead Technology has signed an agreement with Acteon Group to acquire Seascan and its subsidiaries known as Seatronic, and its sister company J2 Subsea for $81.5 million.The latest acquisition will further…
Dominion Energy has completed the sale of 50% noncontrolling interest in 2.6 GW Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak.Dominion Energy will retain full operational control of the construction and operations of the project…
Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil production as early as 2025.The company expects to…
INEOS Energy has brought online the electric-driven compressor at the Teesside Gas Processing Plant, which will boost gas flows from the INEOS-operated Breagh gas field offshore U.K.The new compressor represents a significant investment that…
Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake.Equinor's ownership position has been built over time, through a combination of market purchases and a block trade…
French subsea power cable maker and services provider Nexans has launched a cable recycling and recovery service in Europe, aiming to address the growing copper shortage by transforming the waste into recycled raw materials.Nexans is stepping…
India will not buy liquefied natural gas (LNG) produced from Russia's Arctic LNG 2 project, which is sanctioned by Western countries, Oil Secretary Pankaj Jain said on Friday.'We will not buy (supply from) Arctic LNG 2. We are not buying any sanctioned commodity…
Eco Wave Power has signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy, a subsidiary of maritime engineering company Lian Tat, for the pilot wave energy plant in Taiwan.According to the terms of the agreement…
Brazilian state-run oil company Petrobras has received approval from its board to acquire a 10% stake from TotalEnergies in Deep Western Orange Basin (DWOB) block, offshore South Africa.The DWOB block is located in deep waters in the Orange Basin…
French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the South American country's first, said four sources with knowledge of the project…
Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, the company's chief said on Thursday.The well, located off the Brazilian coast northeast of Rio de Janeiro…
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