Subsea
Ofgem Recommends Change to Charging Methodology (UK)
Ofgem has today announced it is minded to approve a change to the methodology for calculating what generators pay to use the electricity transmission network across Britain. It is proposed that the new charges would come into effect on 1 April, 2014. The aim of this change is to facilitate the timel
New Orkney Pier Host to Many Tidal Energy Technologies (UK)
A newly extended pier in Orkney is currently host to more tidal energy technologies than at any other single site in the world. Five tidal energy developers – OpenHydro, Alstom Hydro, Scotrenewables Tidal Power, ANDRITZ Hydro Hammerfest and Voith Hydro – have all used the new facilities in recent we
Ville de Cannes Seeks Diving Services Provider Off France
French Ville de Cannes is seeking for a contractor to provide diving services on the surface of the seabed of the coastal strip along the Croisette boulevard from the Old Port of Cannes in the west to the Zamenhof beach. There is a requirement for diving services to clean the surface of the seabed i
Van Oord to Acquire Interest in Gemini Offshore Wind Park
Today Van Oord announced its intention to acquire an equity stake of 10% in the Gemini offshore wind park. Yesterday, Northland Power Inc. (NPI), the Canadian producer of sustainable energy, announced that together with Siemens Project Ventures GmbH (Siemens), HVC N.V., Typhoon Offshore B.V. and Van
IHC Merwede Announces Management Changes
As of 1 September 2013, Dirk Philips will succeed Govert Hamers as the new CEO of IHC Merwede. In addition, the Board of Management will be expanded with the appointment of a new COO, namely the current Director of the company’s Dredging division, Bram Roelse. Dirk Philips is a 48-year-old Belgian n
Prysmian’s Half-Year Results Show Improvement from Second Quarter
The Board of Directors of Prysmian S.p.A. has approved the Group’s consolidated results for the first half of 2013. “The Group’s half-year results show signs of improvement from the second quarter. In fact, in the second quarter 2013 both sales and profitability increased on the first quarter 2013,
GSP Names New Chief Financial Officer
GSP Offshore announces the appointment of Mr. Geir Johansen as new Chief Financial Officer. The nomination of Geir Johansen as GSP’s new CFO becomes effective with August 1, 2013. Mr. Johansen has extensive international managerial experience including mergers and acquisitions, equity and capital ma
CGG’s Revenue 24 Pct Up in Second Quarter 2013
CGG announced its non-audited second quarter 2013 consolidated results. All comparisons are made on a year-onyear basis with CGG 2012 results before the Fugro Geoscience acquisition. – Very strong quarter with Revenue up 24% and an EBIT at $117 million corresponding to an EBIT at $128 million not-in
MacArtney Delivers CORMAC Winch System to Kiel University, Denmark
The MacArtney Group announces the delivery of a CORMAC 4Stainless Steel Winch system to the Institute of Geosciences at the Christian Albrechts University of Kiel. The winch system, which was acquired through German MacArtney Group member, MBT GmbH, will be put to good use onboard various research v
Apache Bacchus Field Pays Out, Official Says (UK)
Apache Corporation said today that the third well in the Bacchus Field in the United Kingdom sector of the North Sea has pushed field production past 17,600 barrels of oil per day. Apache has a 50 percent interest in the field. The Bacchus B-1 development well, which commenced production in July, cu
WITT System Awarded Development Grant (UK)
A revolutionary device for generating marine renewable energy has been awarded a £190,000 development grant by the Technology Strategy Board, the total value with ‘in kind’ contributions being £300,000 The Whatever Input to Torsion Transfer (WITT) transmission system is unique and capable of collect
Costain Acquires EPC Offshore. Establishes Costain Upstream
Costain, one of the UK’s leading Tier One engineering solutions providers, is pleased to announce that it has today acquired EPC Offshore , a specialist oil & gas project management services company, for an initial consideration of £9.6 million (plus £1.0 million for excess cash). Costain also annou
West of Duddon Sands OWF Works Continue (UK)
54 of 108 monopile foundations and transition pieces have now been installed at the West of Duddon Sands offshore wind farm, a 50/50 joint venture between DONG Energy and ScottishPower Renewables. On Saturday 27th July, the West of Duddon Sands team complete installation of the 54th transition piece
TGS 2Q Revenues Decrease by 2 Pct
TGS, a company which provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide, today announced their second quarter results. TGS reports net revenues of USD 210 million in Q2 2013, compared to USD 215 million in Q2 2012. Earnings before interest and taxes (