bp ventures has made a £3 million equity investment in Flylogix – a pioneering unmanned aerial vehicle (UAV) business that uses drones to aid methane detection Flylogix leverages unmanned drones to measure methane offshore Investment will spur crossover into renewables industry and entry to new geographies Technology plays critical role in helping bp to reduce its operational […]

MTN a Nigerian number one telecom giant has been awarded a 5G license in Africa’s most populous country, paving the way for the continent’s largest wireless carrier to supply faster internet to consumers and businesses. MTN Nigeria Communications PLCwon one of the two licenses offered at the auction conduction event, according to the Nigerian Communications […]

CGG a global geoscience technology leader providing a comprehensive range of data, products, services and solutions has released a new GeoVerse™ Carbon Storage screening study to support CCUS operators in quickly identifying suitable CO2 storage sites. This Northern North Sea study, available for license, provides an in-depth review of potential CO2 storage plays in a region extending over […]

TechnipFMC has become a shareholder in the Scottish-based floating tidal turbine technology firm Orbital Marine Power. The investment and partnership aim to accelerate the commercialisation of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital has developed the world’s most powerful tidal turbine to date, with the capacity to meet the annual […]

California-based Viasat is acquiring London-based Inmarsat in a transaction valued at $7.3bn, comprised of $850m in cash, approximately 46.36m shares of Viasat common stock valued at $3.1bn based on the closing price on Friday November 5, 2021, and the assumption of $3.4bn of net debt. The combined company intends to integrate the spectrum, satellite and […]

As a sustainable alternative, an all-electric dredger has been delivered to Egypt. Ready to be plugged into the local grid, this development shows that zero-emission dredging is possible. At plenty of locations – especially near hydropower dams and urbanised areas – dredgers can be powered from the grid. These dredgers do not need diesel engines […]

Dietsmann Smart Labs, French-based ‘New Tech’ branch of energy industry veteran Dietsmann, has selected Norwegian Data Analytics specialist Arundo as its partner for a breakthrough development in the Predictive Maintenance of industrial plant. Dietsmann operates and maintains Oil & Gas and Power plants for major national and international energy companies in over 20 countries. The company […]

Verizon Communications Inc. is exploring a sale of assets including Yahoo and AOL, as the telecommunications giant looks to exit an expensive and unsuccessful bet on digital media. The sales process, which includes private-equity firm Apollo Global Management Inc.,  could lead to a deal worth $4 billion to $5 billion, according to people familiar with the matter—assuming there […]

Lundin Energy a Norwegian Oil and gas firm is working with Swedish wave energy tech developer Ocean Harvesting Technologies on decarburizing extraction and production activities. The companies have launched a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform. […]

Bodycote, the world’s largest provider of heat treatments and specialist thermal processing services, is targeting the marine renewables sector after securing work with wave energy pioneer CorPower Ocean. The UK-headquartered firm, which has built a long-term track record in automotive, aerospace, energy and broader industrial sectors, is now breaking into ocean energy after helping Swedish […]