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.

Equinor and the Wisting partners have decided to postpone the investment decision scheduled for December 2022. The maturation of the project continues, aiming for an investment decision by end of 2026.

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.

ExxonMobil has announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.

The Board of Directors of Prysmian S.p.A. has approved today the Group's consolidated results for the first nine months of 2022.

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.

Offshore wind has historically been dependent on government subsidies, and this is still the case for the vast majority of projects, although support levels have generally declined over the past 10 years as project economics have improved due to economies of scale.

Specialist providers of steel wire and fibre rope solutions, products, and services, Hendrik Veder Group is aiming to round the year with a positive Q4, following Q3 wins with work for the year accumulating to £4.2M for large-scale projects that exceed £50,000 in value.

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.

Advanced Navigation (the “Company”), a developer of AI robotics and navigation technology, and KKR, a leading global investment firm, have announced the signing of definitive agreements under which KKR will lead a AUD 108 million (USD 68 million) Series B funding round in the Company.

Abu Dhabi National Oil Company (ADNOC) has signed agreements with 25 companies potentially worth AED 35 billion that will stimulate investment in local manufacturing of critical products in support of the diversification of the United Arab Emirates (UAE’s) industrial and manufacturing infrastructure.