Tocardo Tidal Turbines, the leading producer of tidal and free-flow water turbines, and Climex, the trading platform for renewable energy and carbon credits, have agreed to sell energy generated by Tocardo’s turbines through Climex’s green energy trading platform. The recently signed agreement will
Statoil has signed a farm-in agreement with BP, acquiring a 30 percent equity share in four exploration licences offshore South Australia. “With this agreement we gain access to a vast, underexplored area with high-impact potential,” says Pål Haremo, senior vice president for Global new ventures in
The “Fault Margin” appraisal well in PL 265 on the Johan Sverdrup discovery is in the process of being completed. Det norske oljeselskap ASA is of the opinion that the well results are very good. The result removes any uncertainty related to the reservoir quality in the part of the Johan Sverdrup di
The Petroleum Safety Authority Norway (PSA) carried out an audit of Ekofisk 2/4-C and ConocoPhillips between 5 February and 22 March 2013. The audit was directed at the company’s follow-up of well barriers and well control equipment with associated control systems. Objective The objective of the aud
Subsea 7 S.A. announced a contract award by Pemex to its Mexican joint venture valued at approximately $90 million. The contract comprises the engineering, fabrication and installation of an 8km pipeline, related risers, two slug catchers1 and two cantilever structures for the Line 67 Project in the
Technip was awarded by Statoil an engineering, procurement, construction and installation lump-sum contract for the Norne field development, located in the Norwegian Sea at a water depth of approximately 380 meters. The contract covers the: – engineering and fabrication of two flexible smoothbore ga
Coastline Surveys has completed a geotechnical investigation of the seabed cable route at the proposed Navitus Bay offshore wind park, off the South coast of England. Coastline Surveys, the Falmouth-based marine data consultancy, was delighted to be chosen to extend previous phases of work as the ma
Key geotechnical feasibility studies on the site of Wikinger offshore wind farm have been successfully concluded, with a total cost of €20 million. The studies comprised a full geological survey of the seabed in an area of some 34 square kilometres. Also, stratigraphic samples of sedimentary and met
Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration and development company with a combination of producing and exploration assets in Europe, announces Irish Government consent has been received for the transfer of interest and operatorship (`Transfer’) for its two Licensing Opti
Det norske oljeselskap ASA has come to an agreement with Total E&P Norge AS with regards to transfer of participating interests in three licenses. In the Barents Sea, Det norske assigns ten per cent of license 535, which contain the Norvarg discovery, to Total. After the transaction Det norske holds
During the last 12 months HMA Ships Shepparton and Benalla have been involved with hydrographic surveys in and around Torres Strait. Their focus has been to achieve high order surveys for Australian Maritime Safety Authority’s (AMSA) Under Keel Clearance Management System (UKCM). A challenge given t
Statoil and Total have reached agreement on asset swap in the Barents Sea. Statoil acquires 10% equity in PL535 in exchange for 10% equity in PL395. Production licenses PL395 and PL535 are situated on the Bjarmeland Platform in the central Barents Sea, where both companies have proved gas resources:
Wood Group Kenny (WGK) has been awarded a multi-million dollar engineering contract for a major new project in Australia. GDF SUEZ Bonaparte Pty Ltd (GDF SUEZ), a subsidiary of French energy giant GDF SUEZ S.A., operator of Bonaparte LNG project has awarded WGK a contract for a (pre-FEED) subsea con
Ithaca Energy Inc. (“Ithaca” or the “Company”) announces the execution of a farm-out transaction with Shell UK Limited (“Shell”) in respect of the UK exploration assets acquired pursuant to the acquisition of Valiant Petroleum plc (“Valiant”), completed on 19 April 2013 (the “Acquisition”). The Comp
