Subsea
Tocardo Buys Swanturbines Technology
Tocardo Tidal Turbines, producer of tidal and free-flow water turbines, has reached agreement for the acquisition of Swanturbines Intellectual Property, including the patented subsea tidal turbine technology and deployment methods. The transaction includes intellectual property, patents and technolo
Siem Sees Profits Rise
Oslo-listed Siem Offshore has generated fourth quarter operating revenues of USD 137.7 million, compared to USD 95.0 million for the same period in 2013. The operating revenues for the full year were $491.3 million, versus $364.0 million in 2013. In the fourth quarter 2014 (Q4 2014), the company rec
Asco to Operate Mariner Supply Base and Warehouse
Statoil (U.K.) Limited has, on behalf of the Mariner co-venturers, awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK Limited. The supply base and warehousing facility for Mariner will be operated by Asco from Peterhead, north of Aberdeen. The scopes awar
CGG to Cut More as Loss Widens
French seismic contractor CGG announced additional cost reduction plans and further downsizing of its fleet as it falls victim to deterioration in market conditions. In the fourth quarter 2014 (Q4 2014), CGG generated revenues of $ 906 million, down 5 percent year-on-year and up 31% sequentially. Fu
Nautricity Gets EMEC Grid Berth
Scottish tidal turbine developer, Nautricity, has secured a grid connected tidal test berth at the European Marine Energy Centre (EMEC), following successful sea trials at EMEC’s non-grid connected site last year. In 2014, Nautricity tested its CoRMaT tidal energy converter and Hydrobuoy mooring sys
Wave Energy Scotland Gets Financial Boost
Wave Energy Scotland will receive a total of £14.3 million over the next thirteen months, Energy Minister Fergus Ewing announced today. ‘Wave Energy Scotland’ awarded its first contract to a group of 12 former Pelamis employees, led by former Chief Executive of Pelamis Wave Power Richard Yemm, to ca
NHC Names Global Training Manager
Lieutenant Commander Richard “Soapy” Watson has been appointed as Global Training Manager for National Hyperbaric Centre (NHC). During 2014, the centre drove forwards development within its successful training department. New courses were added to the NHC portfolio including Subsea Isolations and RO
Wood Group PSN Gets New CEO
Dave Stewart has been appointed as chief executive officer (CEO) of Wood Group PSN (WGPSN). Effective April 2015, Dave moves into this role from his previous position as UK managing director of WGPSN’s UK operations. Dave has more than 38 years of oil and gas experience and joined Wood Group 17 year
INTERVIEW: Innovation is the Key, Subsea UK CEO Says
Recently Subsea UK organized a very successful Subsea Expo exhibition and conference in Aberdeen. Despite the impact of oil prices on the market, Subsea UK’s event attracted attention of around 6,500 delegates and broke previous records with a 23% increase in attendees and hosted 200 exhibitors. In
Gazprom Boosts Export Routes
The Gazprom Board of Directors has approved the company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness. It was noted that gas supply alternatives as well as enhanced reliability and safety of supplies were of primary importance to make Gazprom’s pro
Ithaca: FPF-1 Modification Delays GSA Start-Up
Ithaca Energy is facing further start-up delays of the Greater Stella Area production hub, due to delay in “FPF-1” floating production facility modifications programme being done in Poland. The FPF-1 is being modified by Petrofac in the Remontowa yard in Poland and the rate of progress is insufficie
McDermott, Petrofac in Subsea Pact
McDermott and Petrofac have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline (SURF) projects. The five-year alliance expects to provide oil and gas companies a competitive, integrated solution across a broad range of complex engineer, procure,
FES Bend Stiffener Connectors for Saipem
UK subsea engineering firm, FES International, has won a $2 million contract to supply Bend Stiffener Connectors (BSCs) to oil and gas contractor Saipem. The BSCs will be used by global energy company, Total, at its third deep offshore development off the coast of Nigeria. The field is currently und
European Commission to Reboot EU’s Energy Policy
The EU must continue to support and develop renewable energy technologies of strategic importance such as ocean energy if it is serious about creating a long-lasting industrial base for the Energy Union, according to Ocean Energy Europe CEO, Rémi Gruet. The European Commission published its strategy