Investor financing backs commercialization of Nauticus’ ocean robots fleet

U.S.-based developer of ocean robots Nauticus Robotics has secured term loan financing of up to $20 million from existing investors that will be used to bolster the commissioning and commercialization of its fleet. Nauticus Robotics entered into a senior secured term loan agreement with existing stakeholders Transocean, ATW Partners, Material Impact, and RCB Equities which provides the... Continue Reading →

AUV Specialist Argeo Partners Up With Marine Seismic Giant Shearwater GeoServices

(OE) Argeo, a provider of robotic and digital solutions for the ocean space, and Shearwater GeoServices, a global provider of geophysical marine seismic acquisition and processing services, have entered a strategic alliance for innovating and pioneering new technology and products across the subsea and marine seismic markets.  The alliance said it aimed to drive innovation across... Continue Reading →

SBM Offshore and Mitsubishi Heavy Industries to launch CO2 Capture in FPSOs

SBM Offshore and Mitsubishi Heavy Industries (MHI) announced the signing of a partnership agreement that will offer a CO2 capture solution for platform ships (FPSOs). The agreement is the result of a successful engineering and design study between the companies, demonstrating the technical feasibility and commercial readiness of offshore CO2 capture technology. According to SBM,... Continue Reading →

PRIO Taps McDermott for Wahoo Field Pipeline Installation Offshore Brazil

Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil. Under the scope of the contract, of an undisclosed value, McDermott will transport and install about 19 miles (30 kilometers) of coated 10-inch rigid pipelines and associated subsea structures.  Once... Continue Reading →

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