Subsea
Minesto Looks at Wales for Deployment of Its Marine Power Plant Deep Green
Nordic marine energy technology leader Minesto, has identified Wales as a possible location for a full-scale deployment of its marine power plant Deep Green. Deep Green is the only known marine power plant in the world that is able to cost effectively produce electricity from low velocity tidal and
Acteon Completes Acquisition of UK’s Probe Oil Tools
Acteon announces that it has completed the acquisition of Probe Oil Tools Ltd, which is based in Great Yarmouth, UK. Established in 1973 and still being run by its managing director, Keith Ford, Probe Oil Tools is a specialist provider of high-specification pressure-control equipment, including well
Seatronics do Brazil Inks Sales Agreement with CodaOctopus
Seatronics do Brazil, an Acteon company, has been appointed as the exclusive distributor for CodaOctopus Ltd in Brazil, a decision that will widen the portfolio of specialist subsea marine equipment that it can now offer to the Brazilian market. The new partnership will enable Seatronics, as a globa
Bayerngas UK Purchases Shares of Babbage Gas Field
Bayerngas UK Ltd announced it has agreed to purchase from Centrica Resources Ltd their 13% interest in UKCS License P456 containing the Babbage Gas Field. The Field is located in UKCS Block 42/2a in the Southern North Sea and came on-stream in 2010. Current production is from three wells. A second p
Siem Offshore Acquires Interest in Secunda Canada LP
Siem Offshore and Birch Hill Equity Partners Inc. (“Birch Hill”), together the “Parties”, have entered into an agreement whereby Siem Offshore today has acquired 50 percent ownership in Secunda Canada LP (“Secunda”) at a purchase price of CAD 16.25 million paid in cash. Secunda has more than two dec
Centrica Extends Production at Chestnut Field with Hummingbird Spirit FPSO
Centrica Energy has announced that it will extend its contract for the Hummingbird Spirit until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on Centrica Energy’s Chestnut field in the Central North Sea since 2008 and has already produced over 13 million barrels of oil. The C
Nautilus Releases Update Regarding Arbitration with Independent State of Papua New Guinea
Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces that a hearing in respect of the issues that are the subject of the Notice of Arbitration, issued by the Independent State of Papua New Guinea (the “State”), has been completed. The parties now await the decision of the arbitrator, the H
OPT Secures Funding Award from U.S. Department of Energy
Ocean Power Technologies, Inc. (“OPT” or “the Company”) announced that it has won a $1.0 million funding award from the U.S. Department of Energy (“DOE”) to enhance the commercial viability of its PowerBuoy® wave-energy systems through mechanical component design changes to maximize power-to-weight
Scientists Study Marine Life Damage from OWF in Westermost Rough
Scientists are studying damage caused to marine life from building offshore wind turbines off the East Yorkshire coast. The studies are undertaken on a marine habitat at Westermost Rough as Dong Energy plans to build 35 offshore wind turbines in the area in 2014. Scientists from the University of Hu
UK: VSMC Completes Works at London Array OWF
VSMC client London Array Limited has instructed the company to demobilize following completion of the last remaining part of the project, the shallow water trenching programme. VSMC started working at the wind farm site in 2009. For VSMC, the London Array project consisted of the installation and bu
Huawei Marine’s New Manufacturing Plant Ramps Up for West African Submarine Cable Job
Huawei Marine Networks Co., Ltd. (Huawei Marine), a global submarine cable networks provider, announced the commercial operation of their second generation undersea repeater and branching unit manufacturing plant in Dongguan, China. The factory is ramping-up to full production capacity as Huawei Mar
BP Egypt Discovers Gas in East Nile Delta
BP Egypt announced a significant gas discovery in the East Nile Delta. The deepwater exploration well, named Salamat, is the deepest well ever drilled in the Nile Delta. It is the first well in the North Damietta Offshore concession granted in February 2010 and operated by BP. The well was drilled u
Ensco Takes Delivery of ENSCO DS-7 UDW Drillship; Contracted to Total in Angola
Ensco plc has taken delivery of ENSCO DS-7, an advanced-capability, ultra-deepwater drillship. The vessel will embark from the Samsung Heavy Industries shipyard in South Korea to Angola, where it is contracted to Total for three years beginning in the fourth quarter at an initial day rate in the mid
Cork County Council Invites Tenders for Seabed Investigation Services
Cork County Council is inviting tenders for seabed investigation services. The ground investigation is necessary to determine the condition and engineering properties of the estuary seabed along the proposed routes of the proposed foul rising main between Cobh and Monkstown. The objective of the gro