Wales has benefited from £1.4 million additional EU funding secured last month that will be used to help more than 400 people gain technical skills in new and emerging sectors in energy and power.
The renewable energy industry created more than 500,000 new jobs globally in 2017 – a 5.3% increase from 2016, according to the latest figures released by the International Renewable Energy Agency (IRENA).
The consortium, led by ITPEnergised, has launched a low-cost dynamic positioning (DP) barge which is expected to significantly improve the commercial viability of the wave and tidal energy generation sector.
Menter Môn, the manager of the Morlais tidal energy project, has invited tenders for marine ecological survey in support of the tidal energy demonstration zone proposed off Anglesey in North Wales.
Reach Subsea has been awarded a frame agreement by Statoil for the inspection, maintenance and repair (IMR) services in the North Sea. The frame agreement has a duration of five years, and will start in 2019. Commercial terms under the agreement are confidential between the parties, Reach said. The
Seismic player Polarcus has returned to quarterly profit when compared to first-quarter 2017, despite revenue drop of some 35 percent. The Oslo-listed company reported net profit for the quarter ended March 31, 2018 of $2.8 million or 1 cent per share, versus loss of $38 million in Q1 2017. Sequenti
Hyperbaric Consult Group (HBC) said it has been awarded the EU subsea inspection campaign by the offshore wind giant Ørsted for 2018. In 2017 HBC carried out subsea inspections on offshore structures across Ørsted’s UK, Germany and Denmark wind farms. The campaign included Borkum Riffgrund 01, Godew
RED Engineering said it has developed new clamp technology to improve subsea well intervention operations. The two, first of a kind modular subsea clamps have been delivered to TechnipFMC for operation from the well intervention vessel, Island Constructor. The modular design will allow TechnipFMC th
Statoil has been granted consent by Petroleum Safety Authority (PSA) Norway to use a replacement pipeline between Heidrun and subsea structure E on the Heidrun field. The replacement of the Heidrun P-E pipeline is part of a project to develop and extend the life of Heidrun Nordflanken by 20 years. T
Deltares and HSM Offshore have updated the scour protection design for the Borssele Alpha and Beta offshore high-voltage substation (OHVS) platforms that connect offshore wind farms in the Borssele Wind Farm Zone, the Netherlands, to the grid.
A new joint industry project led by ASV Global is set to explore the technical, regulatory and societal issues of using autonomous surface vessels, integrated with existing manned shipping operations, to support offshore wind farm operations and maintenance.
TechnipFMC has reported first-quarter 2018 profit of $95 million or 20 cents per diluted share. The services major has bounced back in black compared to net loss of close to $19 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Rev
Forum Energy Technologies has delivered a remotely operated vehicle (ROV) to the University of Limerick (UL) to support its research into subsea inspection and intervention campaigns on renewable energy sector infrastructure. Designed and manufactured in-house at Forum’s Kirkbymoorside Yorkshire fac
Geophysical contractor TGS has posted first-quarter 2018 net profit of $13 million, compared to profit of $1.5 million in the same period in 2017. This comes down to quarterly earnings per share (fully diluted) of $0.13, against $0.02 profit per share same time last year. The Oslo-listed firm genera
