SeaBird, a seismic data provider for oil and gas companies, has recorded a net loss of $20.2 million for the third quarter of 2014 (Q4 2014). This compares to a net income of $4.0 million in the same period in 2013 (Q3 2013). The company generated $22.7 million in revenues, a drop of 55% versus [&he
Spanish tidal turbine company Magallanes has successfully installed its floating turbine at the European Marine Energy Centre (EMEC), supported by the EU-funded Marinet project. The 1:10 scale ‘ATIR’ prototype was installed on EMEC’s Shapinsay Sound test site. Magallanes has been developing their co
Searcher Seismic in cooperation with BGP, announces a major multi-client seismic campaign in the Offshore Canning Basin, consisting of ~16,000 km of newly acquired 2D data and ~10,000 km of reprocessing. The Bilby Non-Exclusive 2D seismic survey comprises of approximately 16,000 km of 2D long-offset
Basque energy agency, Ente Vasco de la Energía (EVE), has announced that it will provide funding in the amount of EUR 2.5 mln for the development of a wave energy project, designed to be deployed off the Basque coast. The aim of the agency’s call is pre-commercial public procurement of technology de
Hydrex diver/technician team has carried out underwater stern tube seal repairs on a 196-meter LPG tanker in Panama. The ship was suffering from an oil leak, making an on-site repair necessary. Hydrex team mobilized to the tanker’s location, together with all the needed equipment. After the diving t
The Pentland Firth and Orkney Waters area has been identified as one with significant renewable energy resources, as well as being an important asset to both national and local economies. There is a need to examine how future marine energy developments can be taken forward in this area in a manner t
MultiClient Geophysical (MCG) will acquire two new multi-client 2D seismic surveys in Indonesia. The Lombok survey is located North East of Bali and totals 1,800 km and the East Sulawesi survey totals 1,000 km. The surveys are expected to commence during first half of December and will be acquired b
Norwegian seismic player, Dolphin, has been awarded a 3D seismic contract in West Africa for an undisclosed client. The award follows recently announced two major 3D seismic projects in India. Dolphin plans to utilise one of its high-capacity 3D seismic vessels. The survey is scheduled of approximat
The governments of Nova Scotia and Newfoundland and Labrador and NSP Maritime Link Inc., a subsidiary of Emera, today participated in a ground-breaking ceremony at the Bottom Brook construction site in Newfoundland and Labrador to recognize the start of construction of the Maritime Link Project. Nov
The North West Shelf (NWS) Project participants have approved the Persephone Project off the north-west coast of Australia, Woodside informed. The Persephone Project is the third major gas development for the NWS Project in the past six years, demonstrating the joint venture’s commitment to maximisi
Statoil has received consent to use subsea facilities on the Tune field until 2020. Tune is a gas condensate field located around ten kilometres west of Oseberg in the northern part of the North Sea. Statoil is the field’s operator. Tune has been developed using a subsea solution tied back to Oseber
Nexans has delivered power umbilicals for world’s first subsea gas compression station at the Statoil’s Åsgard gas field in the Norwegian sea The umbilicals delivered by Nexans combine power, fiber-optic and hydraulic lines in a single cross-section and will be used to transmit power, signals and fl
Woodside has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco. The block, known as the Rabat Ultra Deep Offshore area, comprises a tota
Companies developing cutting edge low carbon energy projects in generation, efficiency and storage, such as capturing carbon emissions or turning buildings into power stations, have the chance to bid for an extra £5 million of funding in the fourth round of the Government’s Energy Entrepreneurs’ Fun
