Sea Wave Energy Ltd. (SWEL) is a new-entrant renewable energy business, focused on the marine sector. It was established to exploit the intellectual property of its Waveline Magnet device, a wave energy converter that is the culmination of eight years’ research and development. In March 2013, the la
In an important step, Shell has laid the keel for Prelude FLNG, the world’s first floating liquefied natural gas (FLNG) project. When complete, Prelude is expected to be the largest offshore floating facility ever built. The hull will now be assembled in the dry dock, before the turret and the topsi
The Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE), Noble Energy, Inc. and the Helix Well Containment Group (HWCG) announced the successful completion of a full-scale deployment of critical well control equipment to assess Noble Energy’s ability to respond to a po
Aker Solutions announces results for the first quarter of 2013, with a generated revenue of NOK 11.1 billion, compared with NOK 9.8 billion in the first quarter of 2012. Financial Highlights – Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 868 million in the qu
Exxon Mobil Corporation is commencing development of the Julia oil field in the Gulf of Mexico. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion. The field was discovered in 2007 and is estimated to have nearly six billion barre
Van Oord has been awarded two pipe lay projects for its new shallow water pipe lay vessel Stingray. The total value of these contracts is approximately USD 80 million amount to more than EUR 60 million. In Ulsan, Korea, Van Oord has been awarded the new SPM (Single Point Mooring) construction projec
Technip was awarded by Husky Oil Operations two contracts, with a combined substantial value, for the planned subsea tieback of the South White Rose Extension field. The field is an extension of the White Rose field, located in the Jeanne d’Arc Basin, approximately 350 kilometers southeast of St. Jo
Subsea 7 S.A. announced that it has signed a contract to build a new heavy construction vessel which will be delivered in 2016. The new vessel will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships. She will be deployed globally to meet increasing market dema
Aker Solutions’ subsidiary Managed Pressure Operations yesterday won a prize for its riser safety system at the Offshore Technology Conference in Houston. The Aker Solutions unit won the Woelfel Best Mechanical Engineering Achievement Award for its Riser Safety System (RSS). The award recognizes pro
Measurement and Control business today announced two innovative condition monitoring and sensing solutions for the subsea sector: the Acoustic Leak Detection System and the Subsea Multi-Domain Condition Monitoring System. Representing the first products resulting from GE’s acquisition of Naxys in 20
Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced it has received an order from a major international controls manufacturer for the manufacture and deployment of specialized
Mechanical engineering group EnerMech announced at OTC in Houston that it has invested more than £13 million ($20.2m) as it steps up its drive to cement its presence in the US and Mexico. A recent move to a new 50,000 sq ft workshop, office and storage facility near to Houston’s Energy Corridor has
Nautilus Minerals Inc. (the “Company” or “Nautilus”) announces the release of its unaudited consolidated financial results for the first quarter ended March 31, 2013 (the “Financial Statements”) together with Management’s Discussion and Analysis. First quarter 2013 highlights: – Prospectus filed for
Advanced subsea solutions challenge the operating and maintenance systems of today. Real-Time Risk Management will be a key topic at this year’s UTC conference. Oil companies are putting pressure on the industry to bring down operating and maintenance costs at the same time as technical complexity i
