Tidal Energy Limited announces that JHW Law Ltd has been awarded the Construction Legal Advisory Services Contract for the demonstration DeltaStream device. The contractor’s scope of work will consist of providing legal contract support services to TEL during operation of the manufacture and constru
EPC Offshore has made a step-change in its management structure with the creation of three dedicated business streams to capitalize on growt… SubseaUK [mappress] Source: SubseaUK, October 28 , 2011;
IBM and The Sustainable Energy Authority Ireland (SEAI) are working together to understand and minimize the environmental impact of converting wave energy into electricity. This project, the first to use real-time streaming analytics for monitoring underwater noise generated by wave energy conversio
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… (Reuters) [mappress] Source: Reuters, October 28 , 2011;
Petroleum Geo-Services announces results for third quarter 2011. Highlights Q3 2011: *Revenues of $339.9 million, up 15% from Q3 10 *EBITDA of $153.2 million, up 12% from Q3 2010 *Contract revenues of $164.9 million with a corresponding contract EBIT margin of 4% *Offset by strong MultiClient revenu
Fugro OSAE GmbH has been awarded a € 2.3 million hydrographic survey contract by the Norwegian Hydrographic Service (NHS). The survey is part of the MAREANO project and will encompass an area over 12,000km² in the Barents Sea. The area is located 200km offshore in the northern-most part of Norway, n
Nexen Petroleum UK Ltd., a subsidiary of Nexen Inc., announced it has received approval from the UK Department of Energy and Climate Change (DECC) to proceed with the Golden Eagle area development – a GBP 2 billion (C$3.3 billion) investment (GBP 750 million net to Nexen) that is expected to produce
To save time and money for the owners of a 270-meter container vessel that was leaking oil, a Hydrex diver/technician team replaced four stern tube seals on site, using one of Hydrex’s flexible mobdocks. This enabled the team to carry out the entire operation underwater during the vessel’s stop in A
SMD and Blade Offshore Services (BOS) announce the signature of Heads of Terms for a joint venture. Under the joint venture, expected to be called SMD-BORD, SMD will design and manufacture subsea remote drilling solutions for the marine renewable industry, offering a cost effective alternative to mo
Work begins this morning on the laying of underwater cables to link the electricity power grids of Ireland and Britain… (rte) [mappress] Source: rte, October 27 , 2011;
Nord Stream can confirm it has agreed repricing arrangements with its relationship banks for the 3.9 billion euro Phase I project finance facilities. Nord Stream undertook this exercise in order to bring Phase I pricing into line with the pricing it achieved for the 2.5 billion euros raised for the
ABB reported a 24-percent increase in operational EBITDA in the third quarter on double-digit revenue growth compared with the third quarter of last year. In addition to higher revenues, the increase reflects successful cost reductions that continued to more than offset price pressure. The recent Ba
Harland and Wolff will manufacture the first two commercial offshore suction bucket foundations (Universal Foundations) at its Belfast facilities. The contract forms part of an overall project secured by Fred. Olsen United AS with Forewind Ltd. for the construction, delivery and installation of two
CGGVeritas announced that the first project for its recently launched Oceanic Sirius X-BOW® seismic vessel will be a 3D BroadSeis™ survey on the Avaldsnes field, potentially estimated to be the third largest oil discovery in Norway, on behalf of Lundin Petroleum. The Oceanic Sirius joined the CGGVer
