Subsea
Offshore Renewables Get Financial Boost (UK)
Businesses developing innovative solutions for wave, tidal and offshore wind technologies are to get extra help from the UK’s innovation agency. Speaking at the European Ocean Energy Conference in Edinburgh, Energy and Climate Change Minister Greg Barker revealed that up to £7m of support will be av
Norway: Siem Offshore Secures New Charter Contracts
Siem Offshore and Marine Platforms Limited have entered into a new contract for the MRSV “Siem Marlin”. The contract is made at market terms and is for a firm period of one year with commencement in April 2014. Statoil has exercised the option to charter the large-size PSV “Siem Sailor” for one addi
Current2Current’s Prototype Produces Electricity in North Sea
Renewable energy developer Current2Current Ltd are delighted to confirm their prototype has recently been producing electricity in the North Sea enabling the company to move ever closer to securing its future as a renewable energy production company. Generating electricity from ocean currents and ti
Offshore Energy 2013: DylanGroup Forges Ahead
As the offshore industry moves toward further expansion and building-up of its capacities there is an ever-growing need for resourceful and reliant steel partners in the market who can provide custom-made steel piping products and services. In order to find out more about the on-going projects and t
Eni Releases Results for Third Quarter and Nine Months 2013
Eni, the international oil and gas company, announces its group results for the third quarter and nine months 2013 (unaudited). Financial highlights2 • Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3); • Adjusted net profit: €1.17
Scotland, Basse-Normandie to Cooperate on Marine Energy Development
Scotland has signed an international co-operation agreement with the Basse-Normandie region in France, to develop closer working between the two geographies in the field of marine energy. Scotland is currently a global leader in the development of wave and tidal energy, which it’s estimated could be
CNOOC: Suizhong 36-1 Phase II Adjustment Project Commences Production
CNOOC Limited announced that Suizhong 36-1 Phase II adjustment project has commenced production. Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai with an average water depth of about 30 meters. Along with fully utilizing the existing producing facilities, this adjustme
Australia: Carnegie Completes Desalination Plant Detailed Design
Wave energy developer, Carnegie Wave Energy Limited announces the completion of the Detailed Design of its wave powered desalination pilot plant. The desalination pilot plant will be integrated into Carnegie’s Perth Wave Energy Project on Garden Island, Western Australia, and will demonstrate for th
New Study Suggests Coral Reefs May Be Able to Adapt to Moderate Climate Change
Coral reefs may be able to adapt to moderate climate warming, improving their chance of surviving through the end of this century, if there are large reductions in carbon dioxide emissions, according to a study funded by NOAA and conducted by the agency’s scientists and its academic partners. Result
Ruby Gas Field Production Starts Offshore Indonesia
INPEX CORPORATION (INPEX) announces that through its wholly-owned subsidiary, INPEX South Makassar, Ltd., it commenced natural gas production from the Ruby gas field (the Field) in the Sebuku PSC in Indonesia, on 27 October 2013. The Field is located 300km south of Balikpapan City in Indonesia with
TTS Group Awarded New Contracts for Subsea Cranes
TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS, signed two new contracts for subsea and specialized cranes with a total value of approximately MNOK 60. The largest contract is with IHC Offshore & Marine B.V. in The Netherlands. It concerns delivery of three 30T subsea c
Norway: Statoil Delivers Strong Strategic Progress in Third Quarter
Statoil’s third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. “Statoil delivered strong strategic progress in the third quarter. We added high value barrels through the Bay du Nord discovery offshore Canada, the world’s largest oil discovery this ye
Ezra Secures New Subsea Construction and Offshore Support Services Contracts
Ezra Holdings Limited (“Ezra”, or the “Group”), a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth U
Brazil: Subsea 7’s i-Tech Division Gets ROV Contract from Petrobras
Subsea 7 S.A. announced the award of a contract to its i-Tech division valued at approximately US$60 million by Petrobras. The contract scope is for the provision of ROV’s and underwater positioning services on board the platform supply vessel (PSV) Far Saga operating offshore Brazil for an initial