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Business & Finance

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Inna Braverman, Eco Wave Power’s founder and CEO (Courtesy of Eco Wave Power)
Business & Finance

New legislation proposes $1B investment to propel marine energy commercialization in US

The Marine Energy Technologies Acceleration Act, legislation that would invest $1 billion to propel marine energy toward full-scale commercialization, has been introduced to the U.S. House of Representatives.

about 2 years ago
Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Business & Finance

New player with ‘powerful’ tools joins mission to augment production from one of world’s largest offshore oil fields

The ongoing efforts to expand black gold production from Qatar’s largest offshore oil field have been bolstered with the entrance of the American Bureau of Shipping (ABS).

about 2 years ago
Building permit procedure set in motion for third electricity connection between Estonia and Finland
Business & Finance

Building permit procedure set in motion for third electricity connection between Estonia and Finland

Estonia’s Consumer Protection and Technical Regulatory Authority (CPTRA) has initiated the building permit procedure for what will be the third electricity connection between Estonia and Finland. The purpose of the building permit is to establish the right for the construction of the offshore sectio

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

Once first LNG cargo is loaded, FLNG set to go offline for maintenance works

New Fortress Energy is putting the wheels in motion to hit a new milestone at its FLNG unit off the coast of Altamira, Mexico, with the delivery of the first LNG cargo.

about 2 years ago
Aker BP to keep Oceaneering busy for three years or longer
Business & Finance

Aker BP to keep Oceaneering busy for three years or longer

U.S. subsea engineering and applied technology firm Oceaneering International is set to deliver inspection, maintenance, and repair (IMR) support services offshore Norway under a new contract with Aker BP. The contract was awarded to the company’s Norwegian subsidiary Oceaneering AS, which will mobi

about 2 years ago
Swedish-Israeli wave energy developer Eco Wave Power has launched its first MW-scale wave energy project in Porto, Portugal.
Business & Finance

Eco Wave Power’s MW-scale wave energy project in Portugal takes off

Swedish-Israeli wave energy developer Eco Wave Power has launched its first MW-scale wave energy project in Porto, Portugal.

about 2 years ago
Well location; Source: Petrobras
Business & Finance

Drilling ops corroborate extent of Petrobras’ previous gas discovery offshore Colombia

Petrobras has carried out drilling operations in the Tayrona Block off the coast of Colombia, which enabled it to substantiate and verify the size of a gas discovery made two years ago.

about 2 years ago
Illustration; Source: Bureau Veritas
Business & Finance

UK’s oil & gas windfall tax hike – Coup de grace or boon for North Sea jobs and upstream investment?

How can the UK put all the puzzle pieces together to cultivate a sweet spot in an uncertainty-ridden backdrop of energy investment in the North Sea?

15 minutes read
Load out and sail away of the N05-A topside and jacket; Source: HSM Offshore
Business & Finance

Heerema’s barge hauls topside and jacket from Dutch yard for installation at North Sea gas field (Video)

Heerema Marine Contractors (HMC) is in the process of transporting the topside and jacket to their designated site in the North Sea, where the installation activities will take place at a gas field, operated by One-Dyas.

about 2 years ago
Nemo Link interconnector; Source: NLL
Business & Finance

Over $86 million to be split between UK and Belgium consumers as 1 GW subsea interconnector’s ‘remarkable’ revenues exceed Ofgem’s cap

An interconnector between the UK and Belgium, which is the first subsea electricity cable link to be regulated under the cap and floor regime set by the UK’s regulator Office of Gas and Electricity Markets (Ofgem) to spur further interconnector developments, will be giving back more than $43 million

about 2 years ago
FPSO P-84 (Atapu) and FPSO P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Business & Finance

‘Major’ subsea order for Petrobras’ two giant oil fields goes to SLB-led OneSubsea

Petrobras has made a booking with SLB’s OneSubsea to lend a helping hand in unlocking access to pre-salt reserves in two ultra-deepwater fields in Brazil.

about 2 years ago
The National Subsea Centre in Aberdeen. Credit: RGU
Business & Finance

Taking subsea research and tech to new level with UK duo’s marine domain partnership

The National Subsea Centre (NSC), an Aberdeen-based center for subsea research and technology development, has partnered with NOC Innovations, a Southampton-based facility doing innovative marine research, to bring together specialist researchers, engineers, and scientists, forming a community dedic

about 2 years ago
RV Nautilus; Source: TDI-Brooks
Business & Finance

US firm’s 24-year-old vessel going to Trinidad and Tobago for survey work at Woodside’s deepwater gas project

TDI-Brooks has won a new geotechnical survey assignment at a natural gas project off the coast of Trinidad and Tobago, which is operated by Woodside.

about 2 years ago
Illustration; Source: Onslow Marine Support Base (OMSB)
Business & Finance

UK player wraps up decom gig offshore Australia

ASCO has completed a decommissioning assignment at Western Australia’s Onslow Marine Support Base (OMSB), where it participated in offshore decommissioning activities by managing contaminated material.

about 2 years ago
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