Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) (“Kraken” or the “Company”) is pleased to announce that the Company has received $2.3 million from Ocean Infinity from the exercise of 5,760,000 warrants. The warrants were issued in connection with the Company’s private placement of units to Ocean Infinity in June 2018. The warrants expire in June 2021 and had an exercise price of $0.40.

Toisa continues to liquidate their fleet while Robert Day, VesselsValue's Head of Offshore, provides insight into the latest vessels to find new owners.

2018 ended with a surge of subsea tree awards as E&P Operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?

Global Oil Markets

At its annual Security Analyst Meeting on March 5, 2019, Chevron Corporation announced expectations for significant cash flow growth, disciplined spending, and expanding production over the next five years.

Exxon Mobil Corporation says it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.

Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030.

Transocean Ltd. has issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.

Rowan Companies plc (NYSE: RDC) (“Rowan”) and Ensco plc (NYSE: ESV) ("Ensco") jointly announces that both companies’ shareholders voted to approve the pending all-stock transaction under which Rowan shareholders will receive 2.750 Ensco shares for each Rowan share they own.

In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018.

2018 was a dynamic year for ship recycling, with many vessel types removed at record levels, while others slowed to essential deletions only.

GLOBAL OIL

The 2019 edition of BP’s Energy Outlook explores the key uncertainties that could impact the shape of global energy markets out to 2040.

Chevron Corporation has published an update to its March 2018 report describing the company’s approach to managing climate change risks and its resilience under a low carbon scenario. The update supplements Climate Change Resilience: A Framework for Decision Making with new information on the company’s governance framework and climate change related actions and investments.