As the burgeoning Guyanese offshore oil and gas industry goes from strength to strength, powered by the Stabroek block, government revenue from domestic production is on track to break the $1 billion mark this year and accelerate to $7.5 billion annually in 2030, according to Rystad Energy research.

Motive Offshore Group(Motive), which specializes in engineering, inspection and rental equipment for the energy sector, has secured a significant multimillion pound investment from H2 Equity Partners (H2). The deal will support the international growth plans and ambitions of Motive, generating 75% of revenue from renewables by 2025. 

Despite the difficult circumstances, Jan De Nul Group still achieved an annual turnover of more than 1.7 billion euro.

ExxonMobil said on Wednesday, May 25, 2022, that it plans to grow shareholder value by delivering solutions that help meet the global need for energy and for lower greenhouse gas emissions to address climate change.

French water treatment specialist BIO-UV Group has reported a 38% growth in BIO-SEA ballast water treatment system sales in the first half of the year, compared to the same period 2021.

VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) ("VAALCO" or the "Company") is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell Indexes Annual Reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022.

Kent, a global leader in integrated energy services, has had a positive start to 2022 with some strategic project wins across the globe adding a total of over US$550 million to the company’s backlog. Some of the key project awards include:

TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5^th US renewable energy player.

A review of offshore oil and gas (O&G) engineering, procurement and construction (EPC) activities in the first half of 2022 has been a mixed bag, emboldened by Brent oil price averaging $70/bbl in 2021 and $107/bbl in 1H 2022, there were high expectations for an influx of offshore EPC awards.

America’s marine economy contributed about $361 billion of the nation’s gross domestic product in 2020. That is according to the most current results of the annual Marine Economy Satellite Account released on June 9, 2022, by two Department of Commerce agencies, NOAA and the Bureau of Economic Analysis (BEA).

Chevron Corporation has announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company’s objectives of higher returns and lower carbon.

On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO”) and TransGlobe Energy Corporation (TSX: TGL; NASDAQ: TGA; AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the “Combined Company”) announced today that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million (the “Transaction”).

Ocean services provider DeepOcean announces revenues of USD 499.4 million in 2021, an increase of 42 percent versus the prior year (2020: USD 352.5 million).

TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “The Metals Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today released its first Impact Report detailing the Company’s past, present and expected future ESG impacts, while providing insight into the drivers of its efforts to collect nodules from the CCZ including the global scramble to meet an estimated six-fold increase in the production of metals required for the energy transition.

At its Capital Market Day in Berlin, Siemens Energy will be presenting analysts and investors with its strategic cornerstones for the coming years.