Public financing of ocean energy must be designed to create a 'pull' for private investment in a global market that could reach 350 Gigawatts by 2050, says a new report co-authored by the International Renewable Energy Agency (IRENA) and Ocean Energy Europe (OEE).

The Biden-Harris administration has released the President’s Budget for Fiscal Year (FY) 2024. The budget reflects the Administration’s commitment to ongoing efforts vital to the Bureau of Ocean Energy Management’s (BOEM) mission, which include advancing renewable energy, creating good-paying jobs with a free and fair chance to join a union, bolstering energy security, supporting economic prosperity, and ensuring the reliability and affordability of domestic clean energy.

ICIS, a global source of Independent Commodity Intelligence Services, announces a new pricing service for German LNG, providing detailed insight for customers from one of the world’s fast-growing markets. ICIS is the first source of energy intelligence to provide dedicated pricing for the German LNG market.

ADNOC, a reliable and responsible provider of lower-carbon intensity energy, announced a bold new strategy to progress the world-scale decarbonization of its operations.

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than $5 billion of assets up for grabs, Rystad Energy research shows.

TotalEnergies has signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of January 1st, 2023. The assets to be acquired are:

Heavy Lift Projects Ltd (HLP), an innovation-led provider of offshore windfarm logistics, has completed a funding round with private investors and opened its first office in Edinburgh.

Seadrill Limited and Aquadrill LLC, together with Seadrill, the (“Company”) have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the transaction Seadrill shareholders and Aquadrill unitholders will own 62% and 38%, respectively, of the outstanding common shares in the Company.

Fulkrum, a leading provider of inspection, expediting, auditing, and technical staffing services to the energy industry, has reported a successful 2022. Strategic expansion and key global appointments are cited as the driving force behind the class-leading service providers’ growth of over 10% in 2022.

Kraken Robotics Inc. announces a financial update for the year ended December 31, 2022. While audited results will not be released until April, non-audited preliminary results show that company has met the mid-point of the $38 million to $42 million revenue guidance for 2022. This represents more than 50% top line growth year over year. Kraken also expect to be within the range of EBITDA guidance, previously announced at $5 to $7 million.

The Blue Venture Forum has organized the first annual Blue Venture Investment Summit to highlight recent developments, and future trends in Blue Technology Investments.

Rystad Energy expects the global market for oil and gas contractors to rise to a peak of $1 trillion in 2025 and remain at high levels for several years thereafter.

Only rarely have so much oil and gas been produced on the Norwegian shelf as was the case last year – and only rarely have such significant investment decisions been seen.

Unique Group, global innovators in subsea technologies and engineering, has announced a 30% growth in revenue reflecting a strong financial performance in 2022. It has also invested 5 million USD for Research and Development (R&D) of new technology, thus strengthening its manufacturing and product portfolio.