Petroleum Safety Authority (PSA) Norway has carried out an audit of Neptune Energy Norge focused on the fabrication of production pipes for the Fenja field, located in the Norwegian Sea, 35 kilometers southwest of the Njord field. The objective of the audit was to monitor qualification and productio
Scottish Parliament has passed a legislation which enables local authorities and communities will have a stronger voice in the management of Scottish Crown Estate assets.
Equatorial Guinea has directed all petroleum operators to cancel all contracts with Subsea 7 due to noncompliance of its local content regulations. The minister of Mines and Hydrocarbons said decision includes, but not limited to, Noble Energy, Exxon Mobil, Kosmos Energy, Trident and Marathon Oil Co
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 72 million (approximately $8.5 million) or NOK 1.46 per share, against profit of NOK 32 million (approximately $3.8 million) or NOK 0.98 per share for the quarter that ended on September 30, 2017. In the third-quarter 2018, Ei
Red Eléctrica de España has awarded Nexans a contract worth around EUR 50 million to manufacture and install a power cable that will connect the islands of Majorca and Menorca in Spain. The contract was signed after the Spanish Council of Ministers granted administrative authorization and declared i
Modus Seabed Intervention has completed trenching of the ONGC Vashishta pipelines and umbilical offshore India for McDermott International. The scope of work included the trenching and surveying of two 18km long pipelines with outside diameters of up to 579mm, and a 24km long 284mm outside diameter
Subsea equipment solutions specialist Ashtead Technology has bolstered its inspection, maintenance and repair services and capabilities with the acquisition of Canadian-based underwater inspection company, Welaptega. The transaction comes just 10 months after the company completed a joint venture wi
BOLT Lifesaver wave energy device, developed by Norwegian company Fred. Olsen, has maintained continuous power production during the now completed four-week initial commissioning phase.
SIMEC Atlantis Energy has agreed terms for the collaboration with the French region of Normandy under a joint venture that will work to deliver a phased large-scale tidal power project in the Raz Blanchard strait.
Marine Renewable Energy Collaborative (MRECo), the organization in charge of Bourne Tidal Test Site development, has filed a draft application to federal regulators to interconnect the infrastructure to the electrical grid.
Sapura Energy has secured new contracts in Mexico and Malaysia valued at approximately $417 million (RM1.75 billion). Among the latest wins is a contract from Hokchi Energy for Sapura Energy’s wholly-owned subsidiary in Mexico to undertake offshore engineering, procurement, transportation, installat
TDI-Brooks International has said it will soon deploy the research vessel Brooks McCall to Belize and join the Blue Hole Expedition. The Blue Hole Belize expedition brings together Ocean Unite co-founder and Virgin Group founder Richard Branson; documentary filmmaker and ocean conservationist Fabien
Polarcus has received a contract award to perform a high resolution 3D marine seismic acquisition project in North America. The project is expected to have a duration of approximately 45 days. According to the company, the work will start in Q2 2019. Polarcus did not reveal the name of the vessel th
Heerema Fabrication Group (HFG) said it intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market. “HFG has been struggling for some time with insufficient project volume and marginal profitability. In additio
