Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. A survey of Subsea UK members revealed that 100% of firms are predicting significant growth in the next 12 months. Almost half expect to grow by 30% and a third by more [&hel
A new subsea oil and gas group, Harkand, chaired by oil and gas industry veteran Tom Ehret, is launching today with an ambition to grow to a turnover of $1 billion in the next five years. Following investment by Oaktree Capital Management in Iremis, Integrated Subsea Services (ISS) and their sister
The location of an underwater volcanic vent, marked by a low-lying plume of shimmering water, has been revealed by scientists at the National Oceanography Centre, Southampton. Writing in the journal PLOS ONE the researchers describe how the vent, discovered in a remote region of the Southern Ocean,
A new report has been released by UK based marine energy consulting and engineering firm IT Power Limited, to help new companies assess the UK tidal energy market and understand how to develop a project in UK waters. The UK Tidal Energy Market Entry 2013 Report delivers essential insight into every
AW-Energy Ltd is a Finnish company developing the patented WaveRoller, which is the first device to utilize the well known form of ocean wave energy – the surge phenomenon. Recently, Memorandum of Understanding of cooperation in the energy sector between Chile and Finland was signed. The agreement i
Scottish Hydro Electric Transmission plc (SHE Transmission) has awarded MMT Sweden the HVDC cable re-route survey from Shetland to the Caithness landfall. SHE Transmission, which is part of the SSE Group, is planning to install a HVDC cable system between Shetland and Caithness, on the Scottish main
BP announced that it has reached an agreement with Maersk Drilling to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources. The agreement is part of BP’s Project 20KTM, a multi-year
Soil Machine Dynamics Limited (SMD), world leading manufacturer of remote intervention equipment, and SeeByte, the global leader in creating smart software for unmanned maritime systems, have announced the successful integration of SeeTrack CoPilot to SMD’s work-class ROV system. “SMD’s work class R
Installation is on track for 15 megawatt wind turbine test rig. Open-access facility should encourage investment in step-up offshore wind turbine technologies sooner. Inside a new 3000 square metre hall, operations are underway to build one of the world’s largest facilities for the accelerated life
At 5000 m high, the Gorringe seamounts, located in the Atlantic, 300 km off the Portuguese shore, are on their way to becoming a new Marine Protected Area, following their nomination by the Portuguese government. Oceana, which has documented this area on several occasions, is thrilled with this anno
Inocean has developed and patented a new tank system for storage of LNG in connection with floating production and storage. This gives the market a strong alternative to the very few technologies previously available worldwide. “Our system is aimed at production rather than transport of LNG,” says I
Wind is an important source for renewable energy. Wind turbines have become important generators for electricity. Masterflow Wind Turbine Grouts of BASF anchor wind turbines onshore and offshore safely and durably. They connect the tower with the foundation – a crucial point in the whole installatio
The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the NPD’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year. The mapping is a follow-up on the atlas from 2011 for the Norwegian part of the North Sea, which was estimated to be
A major new research project – led by the University of Dundee – has been launched with the aim of helping make offshore wave energy a sustainable proposition. Sustainable offshore wave energy has the potential to make a real contribution towards the binding European Union commitment to source 20% o
