Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel. The announcement comes shortly after the launch of Swift Anchors next-generation, remotely operated rock anchor installation system, dubbed AROV2 – which will be used to install anchors for Sustainable Marine’s Pempa’q... Continue Reading →
This decade’s oil boom is moving offshore – way offshore
(Reuters) - Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast. Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on. Offshore... Continue Reading →