Subsea
Installation of Western HVDC Link in Liverpool Bay Postponed
The installation of the shallow water section of the Western HVDC Link Project in the Liverpool Bay has been postponed. The work was planned to begin early May using the Atalanti cable lay barge and support tug Artemis. Western HVDC Link will comprise converter stations in England and Scotland, link
Clare County Council Approves Renewable Energy Resources Strategy
The Elected Members of Clare County Council have approved a long-term strategy to harness County Clare’s renewable energy resources. The Clare County Renewable Energy Strategy 2014-2020 has been incorporated into the Clare County Development Plan following a 4-week long public consultation process e
INPEX : Production Starts from South Belut Gas Field
INPEX has announced, through its wholly-owned subsidiary, INPEX NATUNA, Ltd., that on 26th April 2014 it started natural gas production from the South Belut Gas Field in the South Natuna Sea Block B in Indonesia. INPEX is undertaking oil & gas development and production activities at the Block with
New Research Centre to Target Future Oil and Gas Production from Danish North Sea
A billion kroner fund from the Danish Underground Consortium (DUC) will target future oil and gas production from the Danish North Sea and potentially create research opportunities for up to 100 scientists. Based at Denmark’s Technical University (DTU) in Lyngby, the new Hydrocarbon Research and Tec
AWE: Pateke 4-H to Be Suspended for Later Production
AWE Limited reports that as of 06:00 hours (6.00am NZDT) today the Pateke-4H development well was running the production tubing and associated equipment. The well will then be suspended for later production. The installation of a subsea flow-line and ancillary control equipment to the Tui Field gath
Noreco: Production Resumes in Huntington Field
Norwegian Energy Company ASA (Noreco) has reported that production from the Huntington field in the UK resumed on 11 May, 2014. Production has been interrupted since 12 April, initially for replacement of couplings in the inert gas system on the floating production and storage unit, and then again f
Petrobras: Platform P-62 Starts Production in Roncador Field
Petrobras started-up production on platform P-62 in the Campos Basin’s Roncador field. This is one of the strategic projects in the 2014-2018 Business and Management Plan. Deployed at a water depth of 1,600 meters, P-62 is an integral part of the Module 4 project for the Roncador field. Twenty-two w
Nautricity Deploys CoRMaT Tidal Turbine at Shapinsay Sound
Nautricity has successfully deployed their CoRMaT tidal turbine at EMEC’s Shapinsay Sound site. The 10m diameter contra-rotating turbine was installed at the site for the first time last week. The company also re-installed their HydroBuoy mooring system which was previously tested, analysed and opti
EU Makes Plans for Better Use of Ocean Resources
The EU has presented an action plan to help make better, responsible use of Europe’s ocean resources. With two thirds of the planet covered by water, the sea’s resources can help us to meet our food, medicine and energy needs. The “blue economy” could also contribute to sustainable growth. However,
Cape Wind Conducts Geophysical and Offshore Cable Routes Surveys
Cape Wind has informed that a team including three companies based in New Bedford, Massachusetts, is involved with completing geophysical surveys of the project site and offshore cable routes. Survey vessels with a suite of geophysical instruments are surveying the seafloor and subsea geology on Hor
Kongsberg Q1: Highest Backlog Level Since 2009
Kongsberg reports Q1 operating revenues of MNOK 3 941 (MNOK 4 033) and EBITDA of MNOK 446 (MNOK 500), resulting in an EBITDA margin of 11.3 per cent (12.4 per cent). New orders were strong in both the maritime and defence segments, totalling MNOK 8 565 (MNOK 3 885) in Q1 and bringing the Group’s [&h
Rising Sea Level to Become Genuine Threat, NOC Study Shows
For 150 million people living in coastal areas around the world, rising sea level will become a genuine threat according to a new international study which found convincing evidence the sea level has been rising over the past 200 years – and continues to rise. “Warming of the ocean and the melting o
Reach Subsea Makes Organisational Changes
Reach Subsea’s Board and management have agreed to make organisational changes since the Company’s current Chairman, Rune Lande, will be absent from November 2014 to March 2015. Kåre Johannes Lie will be nominated as executive chairman and Jostein Alendal will take over as CEO. Rune Lande will leave
Kvaerner Reports Positive Development in Q1 Results
Kvaerner delivered a strong positive development in the financial results compared to one year ago. Operating revenues for the first quarter 2014 were NOK 3 489 million, which is an increase of 31 percent compared to NOK 2 663 million in first quarter in 2013. The EBITDA was NOK 170 million, an impr