Ofgem launches the third Offshore Transmission Owner (OFTO) tender round, for the high voltage transmission links of two offshore wind farms, Westermost Rough and Humber Gateway situated in the North Sea off the coast of Yorkshire. Worth almost £400m, Tender Round 3 (TR3) is the first new tender rou
The Bureau of Ocean Energy Management (BOEM) published a final environmental review of geological and geophysical (G&G) survey activities off the Mid- and South Atlantic coast that establishes multiple mitigation measures designed to minimize the impacts to marine life while setting a path forward f
Subsea 7 S.A. announced the award of a US$75 million three-year subsea construction services contract by ExxonMobil Canada Properties. The contract supports the Hebron heavy oil field development, located in the Jeanne d’Arc Basin 350 kilometres southeast of St. John’s, Canada. The contract scope in
The European Bank for Reconstruction and Development (EBRD) is continuing to invest in projects that will strengthen the security of energy supply in its region of operations. The EBRD is extending a senior loan of US$ 200 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of LUKOI
The Scottish Government has awarded a share of the Marine Renewables Commercialisation Fund (MRCF) to the European Marine Energy Centre (EMEC) to support the further development of an integrated site characterisation and measurement platform for high energy marine environments. The support of the MR
Swiber Holdings Limited has reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013. Revenue rose 11.2% to hit US$1.1 billion from US$952.2 million for the full year ended December 31, 2012. The Group’s topline was
British company Sure Wind Marine Ltd. has taken delivery of its second Damen Twin Axe Fast Crew Supplier – the Sure Swift – in a little over a month after the first joined the company’s fleet. Established in 2009, Sure Wind is a specialist in the German offshore wind market and now has 10 dedicated
Hallin Marine, a Superior Energy Services company, has completed an urgent project in the Bualuang oil field off the coast of Thailand following damage to subsea structures. The work centered on the inspection and repair of the mooring and riser system at a floating production, storage and offloadin
Endeavour International Corporation today announced that the valve in the Rochelle field that had been stuck in the ‘shut’ position has now been opened and production is expected to re-commence in the next few days. Following the tie-in of the East Rochelle E2 well, production from Rochelle could no
While some companies in the offshore wind energy sector are experiencing economic problems, BLG Offshore Wind Energy Logistics still has a pretty good order book, said Ferdinand Möhring, the company’s CEO. Coastal vessels are transporting the rotor blades and rotor hubs from the manufacturing facili
While some companies in the offshore wind energy sector are experiencing economic problems, BLG Offshore Wind Energy Logistics still has a pretty good order book, said Ferdinand Möhring, the company’s CEO. Coastal vessels are transporting the rotor blades and rotor hubs from the manufacturing facili
Superior Energy Services, Inc. has announced that non-GAAP adjusted net income for the fourth quarter of 2013 was $48.3 million, or $0.30 per diluted share. Including all the specific after-tax charges totaling $361.8 million, or $2.27 per diluted share, the Company recorded a net loss of $313.5 mil
Eni North Africa has hired RANA LIBYA for intervention operation on Mellitah Oil & Gas wellheads at Bahr Essalam field offshore Libya. The saturation diving activities will be carried out from a DP2 MSV supplied by Eni with RANA portable Saturation Diving System installed on board. The MSV departed
SeaBird Exploration’s fourth quarter revenues and earnings were down from the previous quarter in light of reduced utilization across the fleet. In addition to normal seasonal variances, global demand for 2D, niche 3D and source seismic surveys was substantially weaker than prior quarters during the
