Alpha Petroleum has partnered with GE Oil & Gas to advance the subsea infrastructure for the Cheviot oil field in the UK North Sea with 55 mmbbls of oil and 20 mmboe of future gas production. The company, backed by upstream oil and gas investment firm Petroleum Equity, has named GE Oil & Gas as the
SeaBird Exploration, a seismic data acquisition company, said it will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird group. Following the restructuring the debt in Seabird should be reduced by USD 22 million and lease obligations would be reduced by
The Water Wall Turbine (WWT) tidal vessel demonstration project has resulted in the development of 3 major sub-systems which combined could prove a viable solution for powering many remote communities around the world.
Petroleum Geo-Services ASA (PGS) and TGS are teaming up for the fourth 3D seismic project offshore Eastern Canada for 2017. The project follows the companies’ announcement earlier this week to carry out two new multi-client 3D surveys off eastern Canada Long Range 3D will comprise approximately 9,10
Alderney Commission for Renewable Energy (ACRE) has reportedly cancelled the agreement with Alderney Renewable Energy for the development of tidal power resources around the island’s waters.
Hess Corporation has signed a non-exclusive 10-year global agreement with Wood Group to provide engineering, project management, construction, commissioning, operations & maintenance, integrity management, subsea, and decommissioning services. The two companies have worked together for more than 25
Wavepiston has released a video showing the recent redeployment of its wave energy device prototype off the coast of Denmark.
Oceaneering has entered into an agreement, expected to extend into 2026, with an undisclosed international oil and gas company, to provide remotely operated vehicle (ROV) services and equipment for projects located offshore of Newfoundland and Labrador, Canada. In addition, Oceaneering will supply t
DCNS and OTEC Centre of Universiti Teknologi Malaysia (UTM OTEC) have wrapped up the pre-feasibility study for the proposed ocean thermal energy conversion (OTEC) plant off Layang-Layang island in Malaysia.
The European Union (EU) has awarded €8.4 million to the ODYSSEA project consortium to develop an interoperable platform that fully integrates networks of observation and forecasting systems across the Mediterranean basin.
Enquest has informed that the Kraken development is on track to deliver first oil before the end of June 2017, with further progress on drilling. All drilling is now complete on drill centre 1 (DC1) and DC2 and the rig has moved to DC3. DC1 and DC2 subsea commissioning is complete and ready for oper
The foundations project for the Beatrice offshore wind farm has moved forward as Smulders placed the first upper jacket on top of the first lower jacket at its UK yard in Newcastle upon Tyne. The complete jacket now has a height of approximately 70 meters. The upper jacket parts are produced at the
The US President Donald Trump has proposed a $2.6 million budget reduction for renewable energy activities of the Bureau of Ocean Energy Management (BOEM) for the fiscal year 2018.
The dive support vessel Normand Baltic, currently on charter with DCN Diving, is set to depart Loyang Offshore supply base in Singapore for Lan Tay field 370 kilometers offshore Vietnam. DCN Diving took the vessel on a long-term charter from Solstad Offshore in October last year for subsea duties of
