After more than seven years of planning and design, Atlantis is now entering the construction phase of MeyGen’s first 6MW tranche of capacity in what the company believes to be the world’s larges planned tidal stream project. Now that the financing package has been agreed for the first four turbines
A marine geophysical services company, Thalassa Holdings, has reported that the Company is unlikely to meet current market expectations for this financial year. The board of Thalassa, having reviewed the position on potential contracts, is of the opinion that none of the current significant backlog,
Wave energy developer Carnegie Wave Energy Limited has announced that the first of its new generation CETO 5 wave energy units has been successfully installed and is operating at its Perth Wave Energy Project site off Garden Island, Western Australia. The CETO 5 unit was successfully installed and h
AREVA and the operating consortium DOTI (Deutsche Offshore-Testfeld und Infrastruktur GmbH & Co. KG) signed a five years contract for the service and maintenance of the AREVA turbines at the alpha ventus wind farm. This contract extends the previous service and maintenance agreement, initiated in 20
In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed. German engineering and services group Bilfinger was awarded the test pile contract and chose SAL Hea
The final array cable has been installed at RWE Innogy’s flagship 576MW Gwynt y Môr Offshore Wind Farm, off the North Wales coast, completing the construction phase of the project. The project is now progressing towards its ultimate milestone, the final commissioning and operation of all remaining 4
Norwegian subsea operator, Reach Subsea has generated revenues of NOK 101.8 million, and a net profit of NOK 7.5 million for the third quarter 2014. These results compare with revenues of NOK 35.5 million in Q3 2013 and net profit of NOK 2.9 million same period last year. The increase in the third q
Spectrum has started a 3,600 km Multi-Client 2D seismic survey offshore Uruguay. The new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultra deep water acreage in the Oriental del Plata and Pelotas basins, anticipating the third licensing round in Uruguay expecte
The Teledyne Marine Systems group, providers of undersea vehicles and subsea infrastructure, have announced that SeaBotix, part of the recent Bolt Technology Corporation acquisition by parent company Teledyne Technologies Incorporated, will join the Marine Systems group of companies. SeaBotix is a m
Wave energy developer Carnegie Wave Energy Limited announces that the first of its new generation CETO 5 wave energy units has been successfully installed and is operating at its Perth Wave Energy Project site off Garden Island, Western Australia. The CETO 5 unit was successfully installed on the fi
Subsea 7 has been awarded a contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The contract value is in the range of $50 million to $100 million. The contract scope of work involves the installation of 27 miles of 8″ Flowlines and Steel Catenary Risers (SCRs), with as
Benthic, a global geosciences company, has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation for a deepwater geotechnical investigation in the Golfinho Field off the coast of Mozambique. Benthic’s PROD (Portable Remotely Operated Drill), operating from the Jaya Vigilant, will
Ofgem has confirmed funding of £46.4 million for eight projects as part of its innovation competitions for the network companies that deliver energy to homes and businesses. Ofgem runs three innovation competitions to help Britain’s energy networks become smarter and more cost-efficient. The Low Car
Pelamis has been unable to secure the additional funding required for further development of the Company’s wave energy technology. As a result of this the board has reluctantly moved to appoint an administrator to assess the options for securing the future for the business and employees of Pelamis.
