Finance News

As per a study of Adroit Market Research, the global ROV market was worth USD 931.02 million in 2022 and it is likely to increase USD 1.03 billion in 2031 at a CAGR of 3.02% over the forecast period. ROV deployment for subsea inspection, maintenance, and repair activities has expanded due to the world's energy demand and the exploitation of offshore oil and gas deposits in deepwater and ultra-deepwater regions.

Floating Power Plant, a Danish pioneer in renewable energy technology, has just signed a transformative grant agreement with the European Commission's Innovation Fund of 26 m€. This agreement solidifies the EU's commitment to propel Floating Power Plant’s flagship project, SEAWORTHY, into the forefront of sustainable energy innovation.

Copenhagen-based Danelec, a technology provider specializing in maritime safety and sustainability, and a global leader in ship data management solutions that drive efficiency and safety at sea, has highlighted record growth in its just published 2022/23 annual report, with topline up from 168M DKK last year, to 298M DKK.

SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024.

ASCO has reported a 52 percent increase in turnover in a strong year for the Aberdeen-headquartered business, which saw it win new clients, grow its range of services and sectoral support, and expand into new geographies.

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