News
JDR Goes for Cimteq CableBuilder
Cimteq, a software provider for the design and manufacturing of subsea cables and umbilicals, has been awarded a contract by JDR for the implementation of its CableBuilder software. According to Cimteq, the implementation of CableBuilder should support JDR’s plans to increase its market share in the
OTEC plant comes closer to Cayman Islands
OTEC Cayman has reportedly completed the environmental impact assessment (EIA) for the floating ocean thermal energy conversion (OTEC) plant off Cayman Islands.
Eastland Port Plans Include Dredging
Eastland Port plans to make its first application in July for resource consent to rebuild wharf 6, strengthen a portion of the river training wall, and reshape the slipway. The second application, set for the next year, will be to extend wharf 8, required reclamation, breakwater repairs and dredging
PGS Slips Deeper into Red
Norwegian seismic player, Petroleum Geo-Services (PGS), reported net loss for the first quarter ended March 31, 2017 of $106 million versus $57 million in the prior year. PGS also recorded lower revenue of $155 million for the Q1 2017, compared to $203 million in the Q1 2016. This reflects a 40% red
No ‘suspicious circumstances’ in missing North Sea worker case
Search operations for an offshore worker missing from a North Sea rig have been scaled back. There were no suspicious circumstances related to the disappearance, an investigation has revealed. To recall, the 49-year-old man had been working on the Noble Lloyd Noble jack-up rig on the Statoil-operate
Proserv wins North Sea decommissioning deals
Energy services company Proserv has been awarded three contracts worth a combined value of more than $2.5 million for decommissioning work in the Norwegian sector of the North Sea. Proserv said on Thursday that its Stavanger facility would provide cutting services as part of a full severance package
Ministry of Agriculture to Provide Money for Vaileka River Dredging
Fiji’s Minister for Local Government, Housing and Environment, Parveen Kumar Bala, said that funding for the Vaileka River dredging works will be provided by the Ministry of Agriculture, the Fiji Times reports. Following a stakeholder meeting with Rakiraki residents and business owners earlier this
Europe Saw EUR 18.2Bn in New Offshore Wind Asset Financing
In 2016, Europe raised a total of EUR 43 billion for the construction of new wind farms, refinancing operations, project acquisitions, and public market fundraising. Out of EUR 27.6 billion reached in new asset financing, offshore wind accounted for a record-breaking EUR 18.2 billion, while onshore
Europe Saw EUR 18.2Bn in New Offshore Wind Asset Financing
In 2016, Europe raised a total of EUR 43 billion for the construction of new wind farms, refinancing operations, project acquisitions, and public market fundraising. Out of EUR 27.6 billion reached in new asset financing, offshore wind accounted for a record-breaking EUR 18.2 billion, while onshore
EMGS in Norwegian Data Sale
Electromagnetic Geoservices (EMGS) said it has entered into various agreements with oil companies involving data licensing (late sales) related to 3D CSEM data from the library in the Norwegian Sea and Barents Sea. The agreements represent revenues of USD 3.5 million. According to the company’s mult
DryShips Buys New Suezmax Tanker
Athens-based dry bulk shipowner DryShips Inc. has entered into an agreement to acquired one 158,000 dwt Suezmax tanker currently under construction in China. DryShips said that it plans to finance the total gross purchase price of around USD 64 million using cash on hand and expects to take delivery
EIA raises 2017 Henry Hub price estimate
The U.S. Energy Information Administration raised its forecast for Henry Hub natural gas spot prices this year due to new export capabilities and rising domestic consumption. In its latest Short-Term Energy Outlook released on May 9, the agency said Henry Hub gas prices would average $3.17 per milli
EPA: New Directive to Prioritize Superfund Cleanups
In an effort to restore Superfund cleanup at the center of the U.S. EPA’s core mission, Administrator Scott Pruitt is prioritizing Superfund cleanup and streamlining the approval process for sites with remedies estimated to cost $50 million or more, EPA said. The revision to EPA’s delegation of auth
EMGS Reduces Loss
Norwegian geophysical services company EMGS posted loss for the first-quarter 2017 of $10.5 million, improving from $15.5 million loss in the same period last year. The Oslo-listed company generated revenues of $3.9 million in the first quarter 2017, down from $13 million in the corresponding period