Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 26 – November 1, 2015. Aquamarine Power goes into administration The Edinburgh-based wave energy developer has called in the administrators to manage the business and seek a sale or investment via the admin
Construction advancing on Yamal LNG project Construction is moving forward on the Novatek-operated Yamal LNG project in the Russian Arctic, LNG engineer Technip said on Thursday. BG CEO optimistic on future LNG demand LNG player BG Group remains optimistic about the future of global LNG demand, desp
Chevron on Friday reported third-quarter earnings of $2 billion, compared with $5.6 billion in 2014. Sales and other operating revenues in third quarter were at $33 billion, compared to $52 billion in the year-ago period, the company said in its quarterly report. “Third quarter earnings were down su
Energinet.dk has started the repair work on Anholt offshore wind farm export cable. The Danish transmission system operator is replacing two sections of the cable, the first 400 meters of the submarine cable from Grenå and the last 4 km before the substation. To remind, the 400MW Anholt offshore win
Husky Energy, a Canadian energy company, has taken actions to reduce costs across its operations in an extended low oil price environment, including cutting about 17 percent of its workforce. “It is evident that the global oil dynamic has experienced a fundamental shift, driven by the resilience in
In a slew of third-quarter reports by oil majors this week, informing on profits and revenues drops, a breath of fresh air/oil? has just come from the North Sea. Namely Apache Corporation on Friday said it made “significant discoveries” on two exploration wells in the Beryl area of the U.K. North Se
Cracked Mexican bulk carrier Los Llanitos, which is stuck on the rocks near Barra de Navidad, a small town located on the western coastline of the Mexican state of Jalisco, since October 23rd, will be sunk, according to Mexican authorities. However, before the vessel is scuttled and converted into a
Cracked Mexican bulk carrier Los Llanitos, which is stuck on the rocks near Barra de Navidad, a small town located on the western coastline of the Mexican state of Jalisco, since October 23rd, will be sunk, according to Mexican authorities. However, before the vessel is scuttled and converted into a
Following the reported drops in the third quarter earnings by BP, Shell, Total and ExxonMobil, another oil company has followed suit, Chevron. The company’s earnings and revenues fell, along with the capital expenditures. In addition the San Ramon, California-based oil major said it would lay off th
Vattenfall is seeking specialists for quality control and site representation for the Sandbank offshore wind farm construction. According to the developer, the contract shall comprise pre-assembly, installation and commissioning phase. The Port of Esbjerg will serve as the pre-assembly site while th
Vattenfall is seeking specialists for quality control and site representation for the Sandbank offshore wind farm construction. According to the developer, the contract shall comprise pre-assembly, installation and commissioning phase. The Port of Esbjerg will serve as the pre-assembly site while th
ExxonMobil, the world’s largest publicly traded international oil company, saw its 3Q earnings cut in half when compared to the same period a year ago. Revenue fell to $67 billion, from $107 billion in 3Q 2014. The company posted 3Q 2015 profit of $4.2 billion, 47 percent down from $8.1 billion in t
European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
