Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250 million. The purchase is contingent on Energean completing its proposed acquisition
Motive Offshore Group has secured a major contract from TechnipFMC, representing the largest win to date for the company’s Spooling and Inspection division. With a work scope comprising global offshore inspection and wire rope services, the initial three-year contract includes the option for two, on
Seabed seismic services player Magseis Fairfield has lowered its guidance for 2019, in which the company now estimates revenue between USD 455-465 million and full-year EBITDA between USD 45-55 million. According to the company, adjustments for certain non-cash elements may further impact EBITDA neg
Metocean Services International (MSI) has completed 520-day measurement programme to support feed of FSRU and pipelines at Alexandroupolis, Greece. The Alexandroupolis Independent Natural Gas System (INGS) project will supply natural gas into the Greek and Southeast European gas markets. The project
MarineEnergy.biz has compiled the top news from marine energy industry from October 07 – October 13, 2019. https://marineenergy.biz/2019/10/11/tocardo-declares-bankruptcy/ https://marineenergy.biz/2019/10/09/marine-energy-event-2019-kicks-off-in-amsterdam/ https://marineenergy.biz/2019/10/08/sabella
TÜV SÜD National Engineering Laboratory (NEL) has launched its £16-million Advanced Multiphase Facility (AMF), which should help global oil and gas operators to ensure that production remains economically viable. The AMF’s test range (of operating pressures, temperatures, flowrates and metrology) is
Tocardo Tidal Power has been declared bankrupt by the court. M.A. Le Belle of Rensen Lawyers has been appointed as liquidator and in the coming weeks, he will talk to potential buyers. In recent months, Tocardo has sought to acquire new projects in the Netherlands and in the United Kingdom. Zeeland
Equinor and the Snorre and Gullfaks partners have made a final investment decision for the Hywind Tampen offshore wind farm development. The two updated plans for development and operation will be submitted to Norwegian authorities. The oil and gas platforms will be the first ever powered by a float
Kongsberg Digital has signed an agreement with Norske Shell to digitalize the Nyhamna facility, a gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline. Norske Shell is entering the partnership as operator of Ormen Lange and on behalf of Gassco as the oper
Polymer lining specialist for subsea pipelines Swagelining has installed its LinerBridge connector technology for the first time. The Swagelining team installed the LinerBridge polymer lining connectors within Pipeline Bundles for one of Equinor’s developments in the Norwegian North Sea; followed by
DesignPro Renewables said it has formally extended its current H2020 project by an additional 4 months in order to close out its remaining deliverables successfully. The project, which began in July 2017, has achieved numerous milestones to date and has already hit a number of key targets over the l
Forum Subsea Technologies’ latest remotely operated vehicle (ROV), the XLe Spirit, has completed sea trials in Norway. The vehicle is the first of a new generation of electric observation class ROVs. It is the smallest in the new range, and powerful enough to perform subsea maintenance and repair wo
CSA Ocean Sciences (CSA) and MMT have entered into strategic alliance to provide combined services for the Americas offshore markets. Kevin Peterson, CSA’s chief executive officer, stated: “The combined offerings from MMT and CSA delivers a comprehensive solution for operators looking for integrated
Shawcor’s pipe coating division has entered into contracts with Subsea 7 to provide coating services for two offshore pipeline projects, the Johan Sverdrup Phase 2 project offshore Norway and a subsea tieback project offshore Australia. These projects will be executed at Shawcor’s Norwegian and Asia
