Atlantis Resources Limited has successfully secured €7.7 million in grant funding from the European Commission’s Seventh Framework Programme for Research and Technological Development. The EC funding will support deployment of multi tidal-turbine arrays at the business’ MeyGen tidal energy site and
Helix Energy Solutions Group, Inc. reported net income of $36.5 million, or $0.35 per diluted share, for the fourth quarter of 2013 compared to a net loss of $171.6 million, or $(1.64) per diluted share, for the same period in 2012, and net income of $44.6 million, or $0.42 per diluted share, in the
Statoil Petroleum AS, the operator of production licence 532, is in the process of completing the drilling of wildcat well 7220/4-1. The well has been drilled about 11 kilometres northwest of the 7220/8-1 Johan Castberg discovery in the Barents Sea and about 247 kilometres northwest of Hammerfest. T
Det norske oljeselskap ASA delivers a good fourth quarter with the development of the Ivar Aasen field progressing according to plan and the partners agreeing on a development concept for the Johan Sverdrup field. The development of the Ivar Aasen field, where the operator Det norske holds a 35 per
Dolphin Group released fourth quarter and preliminary full year 2013 results. Dolphin Group reported poor results in Q4 2013. Compared to Q4 2012 revenues of USD 75.5 million, Q4 2013 revenues are down to USD 38.8 million. Recorded EBITDA was USD 3.4 million, compared to USD 26.5 million in Q4 2012.
Thiess delivers a major milestone for Saipem Australia, principal contractor for the Santos GLNG Gas Transmission Pipeline Project by successfully tunnelling under “The Narrows” off Gladstone to connect Curtis Island with the mainland. The 4.3 kilometer undersea tunnel has provided a conduit for ins
Providence Resources provides an update on Standard Exploration Licence (SEL) 1/11 which contains the Barryroe oil field, operated by Providence Resources (80%) on behalf of its partner Lansdowne Oil & Gas (20%). The area lies in c. 100 meter water depth in the North Celtic Sea Basin off Co. Cork, I
Ecosse Subsea Systems Ltd (ESS), a Scottish subsea technology company, has been awarded a £5 million contract to design, build and operate a cable-lay system for a European utilities provider, which remains unnamed for now. ESS will support the array cable lay and pull-in component of a wind farm pr
Subsea technology firm, Ecosse Subsea Systems Ltd (ESS), has been awarded a £5 million contract to design, build and operate a cable-lay system for a European utilities provider. The Scottish-based company will support the Array Cable Lay and pull-in component of a wind farm project located off the
Alstom participated in a €30 million Ocean Lider R&D project directed at the sustainable use of marine energy sources and its future objectives. In this 4-year project, led by Iberdrola Engineering and Construction, Alstom’s assignment concentrated on the integration of marine energy sources into th
Benefits to asset integrity and environmental monitoring of oil and gas installations will come from a project developed by Eni Norge and Tecnomare called Clean Sea (continuous long-term environmental and asset integrity monitoring at sea). The Clean Sea team have found answers to key issues, like t
The Ministry of Posts and Telecommunications and Bangladesh Submarine Cable Company Limited (BSCCL) plan to sign a contract for SEA-ME-WE-5 submarine cable system. As The Daily Star reports, SEA-ME-WE-5 will connect 20 countries in the Asia-Pacific and Europe. The landing of a cable in Kuakata in Pa
Meta, the premium downhole isolation company offering complete integrity across the life of the well, has successfully completed three contracts for a major Norwegian North Sea operator with its Meta Casing Reconnect™. Following the success of the first project, which saw production triple for what
VSMC has been contracted by DanTysk Offshore Wind to complete the installation and termination of infield cables for the DanTysk offshore wind farm. Cable activities in the German North Sea started in July last year. VSMC will step in this month to complete the termination of the cables that have al
