Protean has completed the term sheet agreement for the sale of the Protean Wave Energy Converter technology assets (WEC Assets) to Australian company PEARL Clean Energy (PEARL). As announced in the binding agreement earlier this year, the key terms include PEARL spending a minimum of $700,000 on the
Electrifying the existing Dutch North Sea offshore oil and gas platforms from shore and from offshore wind farms could help reduce CO2 emissions by one megaton per year.
¡VAMOS! project partners together with advisory board members and interested external parties – such as geologists and researchers from companies and institutions – were present at the ¡VAMOS! technology Demonstration Day, at the Magcobar flooded mine pit, in Silvermines, Ireland. In total 85 visito
Heerema Fabrication Group has completed the construction and sail away of the jacket of the Offshore Switch Yard (OSY) platform for the Modular Offshore Grid (MOG) project for Belgium’s transmission system operator Elia. The contract for procurement and construction was awarded in February 2018. Con
Royal IHC has launched ShipSupport, its new e-commerce platform for the maritime industry. The company has joined forces with its network of trusted global suppliers to create a unique online experience following feedback from its customers about their need for a transparent digital platform. Accord
Canadian manufacturer of oceanographic instruments RBR has officially opened RBR China in Qingdao. RBR China is a wholly-owned foreign enterprise, established to more efficiently support RBR’s customer base and collaborative business development activities in China. The coastal city of Qingdao is th
Subsea World News has put together a recap of the most interesting articles from the previous week (October 29 – November 04). https://subseaworldnews.com/2018/11/01/mcdermott-bags-pipeline-deal-from-petrobras/ https://subseaworldnews.com/2018/10/31/russian-divers-reach-416-meters-record-in-sea-of-j
Oil and gas inspection services company Halfwave has won two new in-line inspection contracts from Australian energy giant Woodside.
Norway’s Uptime International has entered into two new contracts with Norwegian-based Island Offshore.
Norwegian geophysical services company EMGS has slipped deeper into the red when compared to third-quarter 2017, with revenues down some 44 percent and net loss widened by 10.8 million. The Oslo-listed company reported net loss for the quarter ended September 30, 2018 of $11.2 million or 9 cents per
The Ocean Energy ERA-NET Cofund (OCEANERA-NET COFUND) consortium partners have set up €8 million funding for eight research and demonstration projects in the field of ocean (marine) energy. These projects will test and validate new technologies for wave, tidal and ocean thermal energy production. Th
Wild Well Control, a Superior Energy Services company, has named Bryan Ellis as president. Ellis, who has been with Wild Well since 2008, succeeds Freddy Gebhardt as president effective immediately. Most recently, Ellis served as a chief administrative officer overseeing all financial and administra
Norwegian seismic services company Magseis will acquire Fairfield’s seismic technology business in a deal valued $233 million.
Russian military divers have successfully carried out a dive to a depth of 416 meters for the first time in the history of the Russian Navy. The Navy Research Institute and a separate expedition detachment of divers aboard the Igor Belousov Pacific Fleet rescue ship descended into the deep sea of th
