Scotrenewables Tidal Power Limited announces that it has agreed terms in respect of a major financing package totalling £8.84m which includes £1.24m in public funding from the Scottish Government as well as £7.6m in private investment from a trio of multinational backers. The deal will see both of S
A prestigious award for achievement in underwater technology has been won by a marine physicist based at the National Oceanography Centre (NOC) in Liverpool. The David Partridge Award for Underwater Technology 2012 has been presented to the NOC’s Peter Foden at a ceremony at Trinity House in London.
Dolphin have been awarded several contracts for the upcoming North Sea season. The awards are for both 3D and 4D seismic services and will involve three of Dolphin’s 3D seismic vessels with a total duration in the range of 8-12 months. Dolphin will revert with further contract details when they pres
Schlumberger announced that it has acquired GeoKnowledge, a Norwegian-based software company specialized in delivering exploration decision-support solutions for the oil and gas industry. GeoKnowledge supplies the industry-leading GeoX software suite for exploration prospect risk, resource and value
Seatronics have recently purchased four RESON SeaBat 7125-ROV2′s, six ROV2 upgrades with G5 processors and two SeaBat 7101’s. This order emphasizes Seatronics’ position as the world’s largest rental supplier of 7125-ROV2 solutions with the world’s largest fleet of SeaBat solutions. Seatronics now ow
Reef Subsea announced today that one of its Norwegian subsidiaries, Reef Subsea Norway, has been awarded a major contract by Statoil for the full seismic system installation of the Grane field offshore Norway. The contract – worth over 200MNOK (over £22M) – will see all capabilities of the Reef Subs
A North-east based reservoir engineering company has successfully completed a major reservoir-modelling project for an oil field reopened by an international firm following more than ten years of shutdown. Oilgen, which specialises in producing high-tech field history matching to forecast and improv
Pipeline engineering specialist, STATS Group, has completed an isolation project on a 16” subsea pipeline in the Dutch sector of the North Sea on behalf of Wintershall Noordzee BV. The isolation enabled the client to disconnect a flexible gas export pipeline so it could be replaced with a new rigid
ABB, the leading power and automation technology group, has won an order worth around $130 million from Kraftnät Åland AB to supply a new power transmission link between the Finnish mainland and Åland. The high-voltage direct current (HVDC) transmission system will be capable of transmitting 100 MW
John Wood Group PLC (“Wood Group”) issues the following pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013. Overall, conditions in energy markets remain favourable. The Group expects to deliver good growth for the year in line with expectat
Gills Harbour Ltd. has welcomed MeyGen’s decision to use a purpose-built catamaran for their tidal project between the mainland and Stroma, writes John O’Groat Journal. Namely, MeyGen is planning to install 400 electricity-generating turbines in the Inner Sound. For this project they primarily wante
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dimitar Gogov, Executive Director of Bulgargaz. The parties discussed the issues of bilateral cooperation in the energy sector and the prospects for widening cooperation in other
AS Norske Shell has received the Petroleum Safety Authority Norway’s (PSA’s) consent to use the West Navigator mobile drilling facility. The consent relates to drilling and completion of production wells G1, G2, G3, and E4 and plugging and abandonment of wells A 53 and A 58 on the Draugen field. The
New seismic tools will result in 30 million extra barrels of oil from Snorre and Grane when Statoil and its partners now start using permanent reservoir monitoring (PRM). The technology will ensure a better understanding of the reservoirs. Snorre and Grane are two oil fields with large remaining res
