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.  

STATS (UK) Ltd (STATS) has posted record trading results in 2023 with revenues increasing to £74.7 million while EBITDA earnings rose to £12.1 million; its latest annual accounts show. 

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. 

Aberdeen/UK-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company's 60-year history. 

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.

Talos Energy Inc. has announced its operational and financial results for fiscal quarter ended June 30, 2024. Talos also provided third quarter 2024 production guidance and reiterated its operational and financial guidance for the full year 2024.

In a race to strengthen underwater capabilities, the US and China are accelerating efforts in advanced technologies such as the Manta Ray underwater drone, highlighting their strategic significance. The recent developments highlight the critical role of underwater drones in military, environmental, and infrastructure applications.

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.  

Motive Offshore Group (Motive), which specializes in engineering, inspection and rental equipment for the energy sector, has appointed Jonathan Watt as Americas Regional Manager in response to rising market demand. As part of its global growth strategy, the company expects the Americas region to turnover $10M in the next 3 years. 

Shell Trinidad and Tobago Ltd. (Shell), a subsidiary of Shell plc, has taken Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area (ECMA) in Trinidad and Tobago.