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  • 31 December 2018
    Business & Finance, Equipment, Operations & Maintenance

    Subsea 3d scanning specialists Viewport3 has reported a momentous 2018, despite being in only its second year of trading. The Aberdeenshire tech start-up said it has enjoyed turnover and growth far in excess of its projections. Over the past year the Ellon-based firm’s turnover increased 34 times, from £10,000 to over £340,000. This growth has […]

  • 23 August 2019
    Business & Finance

    The state guarantee will allow the shipyard to seek loans from banks.

  • 20 August 2019
    Storage

    The BorWin3 offshore wind grid connection in the German North Sea has started transmitting power. According to Petrofac, the 900MW project has begun converting three-phase electric power generated by offshore wind farms into direct current and transmitting it 160km back to shore into the German national grid. “We are delighted to have reached this key milestone with […]

  • 28 December 2016
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The video shows turbulence measurements undertaken over the summer in Strangford Narrows, Northern Ireland, for Tidal Turbine Testing Phase 3 (TTT3) project.

  • 8 May 2020
    Business & Finance, IT & Software, Technology

    Aberdeen-based 3D scanning specialists Viewport3 said it has seen record uptake of its new service offering. After the recent launch of its new remote data capture service, the company secured four contracts valued at £100,000. Split between existing and new clients, these contracts have an international spread. Specifically, Viewport3 team will be working remotely on […]

  • 20 May 2015

    Oil giant BP is moving its UK offshore workers to a three weeks on three weeks off rota starting in January.  BP’s current rota is two weeks on and three weeks off. According to BBC, the company said that the move to 3/3 rota was made for the “long-term sustainability of the business”. BBC quotes […]

  • 12 March 2019
    Exploration & Production

    i3 Energy, a company owning the undeveloped Liberator oil field and Serenity prospects in the North Sea, is raising cash to fund the multi-well drilling program in the area.

  • 20 February 2015
    Business & Finance

    CNR International (UK) Limited has confirmed that it will shortly start a consultation process with its offshore employees in relation to a proposed change to North Sea offshore personnel rotation. The company is proposing to implement an equal time rota for all offshore staff and contract personnel which will comprise three weeks of offshore working […]

  • 13 October 2006

    Three people were killed and three others were missing after an offshore natural gas pipeline exploded when a tug pushing two barges struck it on Thursday, the U.S. Coast Guard said. The tug and barges hit the gas line at about 12:30 p.m. in West Cote Blanche Bay, about 100 miles (161 kilometers) southwest of […]

  • 1 February 2019
    Business & Finance, Equipment, Project & Tenders

    L3 OceanServer has been granted a five-year General Services Administration (GSA) schedule for its Iver3 Unmanned Undersea Vehicles (UUVs). This GSA schedule gives registered government agencies a simple path to procure Iver3 UUVs using pre-established pricing and Terms & Conditions. A contract was awarded from the GSA Schedule for two Iver3 UUVs and associated training, […]

  • 21 November 2018
    Business & Finance, Equipment, Research & Development

    Underwater positioning and communications technology provider Sonardyne has initiated a collaborative project for long-endurance autonomous underwater vehicles (AUVs). The ambition of the Innovate UK-supported Precise Positioning for Persistent AUVs (P3AUV) project is to enable AUVs to operate at high levels of navigation performance with less surface support and for longer periods. With partners L3 ASV […]

  • 2 April 2015

    Japan’s Toho Gas, that recently signed a HOA with Petronas for the purchase of LNG revealed that it plans to increase the use of liquefied natural gas by 3.3% to 3,080 thousand tons compared with the previous year.

  • 14 November 2016
    Operations & Maintenance, Research & Development, Technology

    Marine equipment manufacturer MacGregor has introduced the 3D Motion Compensator (3DMC), a flexible retrofit device ”designed to enhance the load-handling precision of an offshore crane even in challenging sea states.” The 3DMC can be fitted to the knuckle jib of a number of new or existing MacGregor subsea/offshore cranes. It compensates for the roll, pitch and heave […]

  • 2 April 2015

    Japan’s Toho Gas, that recently signed a HOA with Petronas for the purchase of LNG revealed that it plans to increase the use of liquefied natural gas by 3.3% to 3,080 thousand tons compared with the previous year.

  • 16 August 2019
    Business & Finance

    Installing 7-9GW of offshore wind in California by 2040 could save local ratepayers up to USD 2 billion, according to a new study by E3. Modeling results across all scenarios in the study found that including 7-9GW of offshore wind capacity in California’s energy mix by 2040 would produce ratepayer savings of circa USD 1 to 2 billion […]

  • 16 August 2019
    Business & Finance

    Installing 7-9GW of offshore wind in California by 2040 could save local ratepayers up to USD 2 billion, according to a new study by E3. Modeling results across all scenarios in the study found that including 7-9GW of offshore wind capacity in California’s energy mix by 2040 would produce ratepayer savings of circa USD 1 to 2 billion […]

  • 20 December 2018
    Business & Finance, Equipment, Operations & Maintenance

    3D at Depth has expanded several global office locations and launched a new portfolio of services designed to support cohesive workflow efficiencies for offshore oil field design through decommissioning. The new line includes: terrestrial dimensional control to support subsea data collection workflows; subsea tooling design solutions; remote sensing, and real-time LiDAR data collection. These new […]

  • 28 October 2016
    Business & Finance

    American multinational energy corporation Chevron on Friday posted a decline in its earnings as well as revenues for the 3Q 2016 period. Chevron’s earnings during the third quarter of 2016 were $1.28 billion compared to $2.04 billion in the prior-year quarter. The company’s revenues dropped to $30.1 billion from $34.3 billion in the same period […]

  • 28 October 2016
    Business & Finance

    Oil and gas major ExxonMobil reported on Friday that its earnings declined by 38 percent during the third quarter of 2016 when compared to those in the same period of 2015.  Namely, ExxonMobil’s third quarter 2016 earnings totaled $2.7 billion, compared with $4.2 billion a year earlier. The company said these results reflect lower refining […]

  • 27 October 2016
    Business & Finance

    Polarcus, an offshore geophysical company, went from black to red during the third quarter 2016 compared to a year earlier performance.  The geophysical company’s net loss for the quarter was $17.4 million, versus a $19.8 million profit in the corresponding quarter in 2015. Further, Polarcus’ revenues dropped by more than half from $132.2 million in […]

  • 1 November 2016
    Business & Finance

    Oil and gas exploration and production company Anadarko Petroleum narrowed its loss during the third quarter of 2016 compared to the one posted in the corresponding quarter last year.  The company on Monday posted a net loss attributable to common stockholders of $830 million, a decrease compared to a net loss of $2.24 billion in […]

  • 20 October 2017
    Business & Finance

    Schlumberger, the world’s largest oilfield services provider, saw an increase in profit and revenues during the third quarter of 2017 compared to the prior-year period.  The company on Friday posted a profit of $545 million for the third quarter of this year, compared to a $176 million profit recorded in the same period of 2016. During the third […]