KOIL Energy Solutions, Inc. (OTCQB: KLNG) has announced the resignation of Mr. Trevor Ashurst from his position as Vice President of Finance and Administration, effective February 1, 2025.

Wood Mackenzie, Inc., a leading global data and analytics business empowering the energy transition, has appointed Garet Guthrie as Chief Financial Officer (CFO), effective January 6, 2025.

The UK’s underwater industry has grown from £8 billion to £9.2 billion in the last 12 months and now supports over 51,000 jobs.

GBM Works, a pioneering Dutch company developing an innovative silent installation technique for offshore wind monopiles, the Vibrojet^®, announces the successful first close of a minimum €6 million seed funding round.

Uni-Fuels Holdings Limited (NASDAQ: UFG), a global provider of marine fuel solutions headquartered in Singapore, has announced its successful initial public offering (“IPO” or “Offering”) on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to be listed in the United States.

Equinor’s Empire Wind 1 project in the US has now secured a project financing package of over $3 billion. Financial close was reached at the end of December 2024.

Subsea Technology & Rentals (STR) has secured STAR Capital Partnership LLP (STAR) as its new majority shareholder, as the global subsea sensor equipment and solutions provider sets out an ambitious growth strategy, targeting offshore energy, infrastructure and marine science markets.

Decom Engineering (Decom) is set to finish 2024 on a high with the completion of several key contracts in the UK North Sea, Gulf of Mexico and South America worth an estimated £2 million.

Leading energy advisory and engineering consultancy, Apollo, has reported continued growth in revenue and EBITDA for the year ending March 31, 2024.

NorthStandard and NIORD have announced a new strategic partnership to build their offshore renewable energy underwriting business.    

Asset management and commercial advisory specialists Neptune Infrastructure Associates (NIA) and globally diversified investment platform Nuveen Infrastructure have entered an agreement for NIA to undertake day-to-day asset management services and strategic support across Nuveen’s northern European offshore wind portfolio.

Specialist drilling waste management company, TWMA, has reported its third quarter 2024 revenue of $18 million and an EBITDA for continuing operations of $4.9 million, marking a 23% increase compared to the same period in 2023.

Following the MoU signed with Norwegian company Ocean-Power in June 2024, SBM Offshore announcing an initial equity investment in Ocean-Power.

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria.

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.

Solstad Offshore ASA (Solstad) is announcing multiple new contracts and contract extensions, representing around 900 vessel days. The combined value of the contracts is approx. $60 million.