Nine Energy Service Inc.said Oct. 15 it plans to beef up its completion tools business with the $493 million acquisition of Magnum Oil Tools International Ltd.

Orbital Marine Power, the new name for Scotrenewables Tidal Power, has launched a crowdfunding initiative with Abundance to raise up to £7m for the construction of its first 2MW commercial floating device.

Solstad Offshore has been awarded long-term contracts in the UK North Sea for two of its PSVs by Fairfield Betula Ltd.

Marine-i, an EU funded program created to advance marine innovation in Cornwall, has made a grant award to the Falmouth-based company, Kiote.

GeoSea, DEME’s specialist in complex offshore marine engineering projects, has been awarded a contract for the transportation and installation of 94 foundations at Ørsted’s Borssele 1 & 2 offshore wind farm in the Netherlands.

A new insurance package will cover liabilities and losses incurred during towage, tug, offshore oil and gas and renewables operations.

On the occasion of the first day of Green Great Britain Week, clean shipping experts met on 15 October, to plot the route to zero emissions for the UK maritime sector. 

U.S. Secretary of the Interior Ryan Zinke has expressed an interest in using military or government properties on the West Coast to handle U.S. coal or natural gas exports, thereby circumventing local opposition to fossil fuel projects.

Rolls-Royce and Intel are intending to collaborate on designs for sophisticated intelligent shipping systems that will make commercial shipping safer, the company said in its press release.

13 October a party was held at Damen Maaskant Shipyards Stellendam to mark three key events; the 70th anniversary of the foundation of the yard, the departure of Managing Director Frits van Dongen and the appointment of Eric Moerkerk in his place.

Engineers at MIT in the U.S. have developed an algorithm based on machine-learning that quickly pinpoints the types of extreme events that are likely to occur in a complex system,

On Sunday, another oil tanker caught fire on the beach at Gadani, Pakistan, injuring seven.