Subsea
Oceanflow Receives REIF Funding for Evopod
Oceanflow Energy Limited, a tidal energy developer, has attracted a £300,000 package of support to further develop and commercialise its second generation tidal energy device, Evopod. Evopod is a semi-submerged, floating, tethered energy capture device that uses a mooring and power export solution t
BMT to Showcase Products and Services at OI 2014
BMT Group Ltd will showcase its portfolio of offshore support products and services on Stand R400 at the Oceanology International conference taking place in London’s ExCeL this month. Visitors will have the opportunity to engage with BMT’s technical experts and discuss the specific challenges they f
EPCI Contract for McDermott in Arabian Gulf
McDermott International, Inc. announced that one of its subsidiaries has been awarded a large engineering, procurement, construction and installation (“EPCI”) project by an operator in the Arabian Gulf. The contract includes the engineering, fabrication, transportation and installation of four new o
Technip Nets Jangkrik Subsea Contract in Indonesia
Technip has been awarded a major subsea contract by Eni Muara Bakau B.V. (Eni) the Operator of the Muara Bakau PSC, for the Jangkrik project located in the Muara Bakau PSC working area, approximately 70 kilometers off the coast of Makassar Strait, Indonesia, at water depth ranging from 200 to 430 me
Paradigm Launches Coiled Tubing System Flexi-Coil Extended Reach
Paradigm Flow Services, the blockage removal expert for the oil and gas sector, has launched Flexi-Coil Extended Reach to take riser and flowline blockage remediation and internal inspection to new lengths. The company is now calling on North Sea oil and gas operators to collaborate on trailblazing
Oryx Confirms Natural Gas and Oil Discovery Off Congo
Oryx Petroleum Corporation Limited has announced that the testing of the E-1 exploration well targeting the Elephant prospect in the Haute Mer A license area in Congo (Brazzaville) confirmed the discovery of natural gas and crude oil previously announced in September 2013. Oryx Petroleum has a 20% p
MacArtney Showcases New Subsea Technology Products at OI 2014
The MacArtney Group will be making good use of the 2014 edition of the Oceanology International exhibition to premiere and showcase a number of new underwater technology products and solutions aimed at the ocean science, oil and gas, dredging and diving industries. These additions will include a new
OERA & UK Cooperate to Advance Tidal Research
Nova Scotia and the United Kingdom will work together to advance tidal research to help the future development of the industry. A memorandum of understanding between the province, the Offshore Energy Research Association of Nova Scotia and the United Kingdom’s Technology Strategy Board will encourag
BOURBON’s 2013 Net Income Increases
BOURBON, a company which offers a comprehensive range of surface and subsea marine services for offshore oil & gas fields and wind farms, reports a significant improvement in the full year 2013 operational performance. The Company highlighted that the Net Income Group share is up 174% to €115 millio
BOEM Gets Funds from Obama’s FY 2015 Budget
President Obama’s fiscal year 2015 budget request includes $169.8 million to fund the Bureau of Ocean Energy Management (BOEM). BOEM is charged with managing the Nation’s offshore energy and mineral resources in a way that promotes efficient and environmentally responsible energy development through
MMT Charters Stril Explorer from Mökster Shipping
As a natural step in the process of expanded subsea services in the Oil and Gas industry, MMT has signed a long term charter contract for M/V Stril Explorer that is operated by Simon Mökster Shipping AS. MMT has during several projects in the past conducted various survey assignments from this vesse
ACBPS Conducts Monitoring of Japanese Whaling Fleet in Southern Ocean
On 2 March 2014 the Australian Customs and Border Protection Service (ACBPS) undertook another monitoring flight over the Southern Ocean. The flight left Hobart on Sunday morning and landed in Melbourne that evening. The flight observed vessels from both the Japanese whaling fleet and the Sea Shephe
Cal Dive Expects Improved Performance Over Next Two Quarters
Cal Dive International, Inc. generated a loss for the fourth quarter 2013 of $0.5 million, or $0.01 per diluted share, including a $0.6 million after-tax non-cash fixed asset impairment charge. This compares to a loss in the prior year fourth quarter of $19.1 million, or $0.21 per diluted share, inc
Endeavour Reports 4Q Net Loss
Endeavour International Corporation has reported fourth quarter 2013 net loss, as adjusted of $24.7 million compared to a net loss, as adjusted of $7.7 million for the same period in 2012. On a GAAP basis, net loss for the fourth quarter was $27.7 million as compared to net loss of $6.5 million for