Subsea
Technology Strategy Board Launches “Infrastructure for Offshore Renewables” Competition
The Technology Strategy Board launches its “Infrastructure for offshore renewables” competition. The Technology Strategy Board is to invest up to £7m in collaborative R&D projects to accelerate the development of innovative infrastructure technologies for the offshore wind, wave and tidal stream ind
Noreco Announces October Production
Norwegian Energy Company (Noreco) produced 3 714 barrels of oil equivalents (boe) per day in October 2013, and net realised price was USD 98.50 per boe adjusted for inventory. Production per field, October 2013 (September 2013 in brackets) All in barrels of oil equivalents per day Huntington – 2 451
MacArtney to Strengthen Sales Capacity
Encouraged by a steadily growing global demand for complete integrated underwater technology solutions, MacArtney is launching significant efforts to strengthen its system sales capacity. Supporting ocean science systems At the MacArtney Group it is recognised that providing system solutions is one
MODEC, Schahin Group Confirm Carioca FPSO Charter Contract from Petrobras
MODEC, Inc. (“MODEC”) announced that Petróleo Brasileiro S.A. (“Petrobras”), through its subsidiary Guara B.V., on behalf of Consortium BM-S-9, has awarded Charter Contract for the supply, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-9 block (
Ocean Rig and Energean Join Forces in Oil and Gas Exploration
Ocean Rig and Energean Oil & Gas join forces to participate in the new bid rounds for exploration and exploitation of hydrocarbons, in Greece and abroad, for sea depths exceeding 1000 meters. The two companies agreed to set up a new Joint Venture under the name “OceanEnergean”, with each company hol
Kreuz Receives Scheme Proposal from SEA9
Kreuz Holdings Limited (“Kreuz” or the “Company”) and SEA9 Pte. Ltd. (“SEA9”), a subsidiary of The Headland Private Equity Fund 6 L.P., a pan-Asian private equity fund advised by Headland Capital Partners Limited (“Headland”) announce a proposed transaction in relation to Kreuz (the “Transaction”).
VARD to Build Survey Vessel for Circle Maritime Invest JSC
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it has signed a new contract for the construction of a survey vessel for Circle Maritime Invest JSC (CMI). The value is approximately NOK 55 million. The vessel, to
ORPC Solutions Engaged for Resolute Marine Energy’s Yakutat Wave Energy Project
Ocean Renewable Power Company (ORPC) and Resolute Marine Energy (RME) announce that ORPC Solutions, ORPC’s wholly-owned services subsidiary, will be providing project management and regulatory affairs services to RME’s Yakutat Wave Energy Project in Yakutat, Alaska. Located on the Gulf of Alaska 200
Carnegie Awards Manufacture and Construction Contract for Desalination Pilot Plant
Wave energy developer, Carnegie Wave Energy Limited announces the award of the manufacturing and construction contract for its wave powered Desalination Pilot Plant to Perth-based Mak Water Industrial. The desalination pilot plant will be integrated into Carnegie’s Perth Wave Energy Project on Garde
Arctic Mooring JIP Launched in Houston
Global Maritime and Kwan Engineering Services in Houston have launched an industry wide Joint Industry Project (JIP) to develop design standards and operation practises for arctic and other cold regions mooring systems. According to Alberto Morandi, President of American Global Maritime Inc, the mai
McDermott Reports Net Loss in Third Quarter 2013
McDermott International, Inc. (“McDermott” or the “Company”) reported a net loss of $64.1 million, or $0.27 per fully diluted share, for the quarter ended September 30, 2013. These results compared to income of $50.6 million, or $0.21 per fully diluted share, in the corresponding period of 2012. Wei
Alexey Miller Holds Working Meeting with Vietnamese Ambassador to Russia
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Fam Suan Shon, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Russia. The meeting participants addressed the status of cooperation between
WGPSN Secures Contract Extension from Chevron UK
Wood Group PSN (WGPSN) has secured a one year contract extension from Chevron North Sea Limited to deliver engineering and construction services to its assets in the Alba and Captain fields in the UK North Sea. Effective immediately, the extension marks the continuation of a previous contract awarde
GL Garrad Hassan Prepare for Next Phase of Full Scale Validation
After a successful initial study to validate their tidal turbine design software Tidal Bladed, GL Garrad Hassan are preparing for the next phase of full scale validation, under the Reliable Data Acquisition Project for Tidal (ReDAPT) project. Tidal Bladed is a commercial software package which can b