NOR Offshore Rental (NOR) has made a further, multi-million-pound, investment in Sonardyne products for their rental pool as part of their expansion at NOR Ltd, their UK subsidiary office in Aberdeen. 

Hess Corporation has announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction.

The Ondas de Peniche (ONDEP) project has been awarded €19 million from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array featuring four WaveRoller wave energy converters.

Reach Subsea ASA has announced its second quarter and half-year results for 2024, demonstrating consistent advancement towards its strategic objectives. Revenue for the quarter stands at NOK 623 million and the EBIT at NOK 121 million.

Equinor ASA has acquired 41,197,344 shares in Ørsted A/S (Ørsted), corresponding to 9.8% of the shares and votes in the company.

Strong confidence in the offshore vessel market has seen orders placed in the previous market upcycle re-activated to take advantage of renewed investor interest.

Noble Corporation plc (NOBLE) announces the completion of its acquisition of Diamond Offshore Drilling, Inc (Diamond). This transaction enhances Noble's position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog.

Akselos, the leading provider of Structural Performance Management software, is announcing a strategic enterprise agreement with SHELL INFORMATION TECHNOLOGY INTERNATIONAL B.V.  

Lime Petroleum AS has signed an agreement with OKEA AS (OKEA) to acquire OKEA’s 15% interest in the producing Yme Field in the Norwegian North Sea, for a post-tax consideration of $15.65 million. All related decommissioning costs to be transferred to Lime.

Specialist drilling waste management company, TWMA^®, has posted its second quarter 2024 earnings of $19.5 million and operating profit of $4.9 million. 

North Star, one of UK’s leading offshore infrastructure support vessel operator and service provider, has invested more than £5 million in new business support software systems to drive operational and sustainability efficiencies across its operations, whilst also boosting its seafarers’ wellbeing.  

On October 1, 2024, Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies and John Christmann, Chief Executive Officer of APA Corporation, in the presence of Annand Jagesar, Managing Director of Staatsolie Maatschappij Suriname N.V., communicated the final investment decision officially by to the President of Suriname, Chandrikapersad Santokhi.

With the offshore wind industry rapidly deploying scaled-up turbines—swelling from 2 MW versions in 2000 to potential 20 MW+ variants by 2030—new operations and maintenance (O&M) challenges threaten to undermine profitability, efficiency, and safety in the sector.

OceanScore, a global provider of data and compliance management solutions for the maritime industry, has successfully closed an oversubscribed €5 million Series A financing round. The influx of new capital will enable the company to further develop its solutions portfolio and expand its global footprint.

Global oil and gas contract activity received a boost from Petrobras' key upstream contracts in the second quarter of 2024. The industry witnessed a notable 47% quarter-on-quarter increase in total disclosed value to reach $54.91 billion in Q2 2024 from $37.3 billion in Q1, reveals GlobalData, a leading data and analytics company.