U.S. Senators Olympia J. Snowe and Susan Collins and Representatives Mike Michaud and Chellie Pingree applauded the Federal Energy Regulatory Commission’s (FERC) approval of a pilot project license for the Ocean Renewable Power Company (ORPC) of Portland. The permit, which requires close environment
MEO Australia Limited releases the findings of an independent report by Senergy (GB) Limited (“Senergy”), commissioned by MEO to provide a preliminary volumetric assessment of the Marina-1 gas and liquids discovery and the Breakwater prospect in its 100% owned WA-454-P, in the Joseph Bonaparte Gulf,
SeaBird published results for the fourth quarter of 2011 with the following highlights: · A Letter of Intent entered into between SeaBird and Fugro Norway on 3 October 2011 for the sale of the OBN business, completed on 8 December 2011. The transaction also includes two SeaBird vessels on time chart
Endeavour International Corporation reported fourth quarter 2011 net income (loss), as adjusted of $(5.8) million compared to $81.1 million for 2010, when it reported an $87 million gain on the sale of its North Sea asset Cygnus. On a GAAP basis, net loss for the fourth quarter of 2011 was $44.6 mil
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the PRS remote hot-tap equipment, preparations works, instal
Royal Netherlands Navy Locate Two Drowning Victims with VideoRay ROVs within Two Months of the Systems Being Delivered On January 10, 2012 VideoRay LLC of Phoenixville, PA, along with Dutch partner Nautikaris BV of Ijmuiden, Netherlands, completed the site acceptance test of four VideoRay Pro 4 subm
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. About Polarcus Polarcus is a pure play marine geophys
MEO Australia Limited advises that the S/R Veritas Viking II completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin). A total of 601 km2 of full fold data was recorded. The survey will now be processed and is expected t
EMAS AMC, the subsea division of Ezra Holdings Limited announces that it has been awarded a contract by Apache Energy Limited to perform subsea transport and installation work for the Coniston Field Development located in Northwest Australia. The base scope for the contract works is currently approx
Nord Stream AG won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy security in the
Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth of 70 meters. This contract covers engineering, procurement, fabrication, hook-up, and commissioning assistance for a fixed wellhead and process
Saint Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the sc
A proposed scheme, according to which a major power cable would be built under the Adriatic Sea, will obtain essential backing from the European Bank for Reconstruction & Development (EBRD), reports UTILITYWEEK. The transmission line would be built between Italy and Montenegro, thus it would account
