Hundreds of innovative entrepreneurs and leading investors from across Europe have gathered in Brussels aiming to partner up for sustainable economic growth of seas and oceans as part of the Blue Invest matchmaking event.
French geoscience expert CGG has reported net profit of $647 million for the quarter ended March 31, 2017, against net loss of $145 million same time last year. For the first quarter 2018, the company generated $246 million in revenue and operating income of negatine $67 million, against revenue of
Scottish tidal energy developer Nova Innovation has secured an extension of its seabed lease at the Shetland Tidal Array, increasing the capacity of the site lease from 0.5MW to 2MW.
Intertek has been appointed by Greenlink Interconnector Limited, a subsidiary of Element Power, to provide marine environmental and planning support for the Greenlink Interconnector between UK and Ireland. Greenlink Interconnector is a proposed €400 million electrical underground and submarine inter
Hong Kong-based clean technology developer Aquanet Power has completed its second round of capital raising, securing $5 million to further grow its wave energy business.
Faroe Petroleum has completed the sale of its 17.5% working interest in the Fenja development located in PL586 in the Norwegian Sea to Suncor Energy Norge. Following the sale, Faroe retains a 7.5% working interest in the field. The cash consideration received by Faroe for the sale of the Fenja inter
OceanGate, a provider of manned submersible services, has rescheduled its 2018 Titanic Survey Expedition to the summer of 2019. To conduct the first manned expedition to Titanic since 2005, OceanGate built Titan, its newest 5-person submersible that is designed to dive to depths of 4000 meters (2.5
Swagelining’s LinerBridge technology, the world’s first all-polymer lining connector that removes the need for corrosion resistant alloy (CRA) welding, has completed DNV GL technology certification. Equinor, formerly known as Statoil, has also granted the technology approval for use in water injecti
Norwegian vessel owner Eidesvik Offshore has posted quarterly loss of NOK 51 million (approximately $28 million) or NOK 1.14 per share, against profit of NOK 135 million (approximately $65 million) or NOK 4.49 per share for the quarter that ended on March 31, 2017. In the first-quarter 2018, Eidesvi
ASV Global is leading a collaborative research project called ‘Autonomous Surface and Sub-surface Survey System’ (ASSSS), which aims to deliver an integrated system for shore-based, full water column marine surveys using multiple unmanned systems. The project, part funded by Innovate UK, hopes to en
EverHydro Corporation has entered into an agreement with OceanPixel to develop and implement ocean renewable energy projects in Zamboanga, Philippines. Through this agreement, Everhydro and OceanPixel commit to the first project to build an offshore renewable power plant in Zamboanga with tidal in-s
Investigation into the United Kingdom’s 2017 auction for low-carbon electricity generation contracts has revealed that the rule changes to the auction process will increase costs for energy users by around £100 million a year.
The collaborative project, looking to exploit the surf waves to produce clean electricity, has been officially launched in the Maldives.
DOF Subsea said it has been awarded an inspection, maintenance and repair (IMR) frame agreement by Equinor. The subsea solutions provider of DOF Group said that the duration of the contract is 5 years and is scheduled to start in 2019. During the course of the frame agreement, Equinor will call-off
