French-based Naval Energies – the parent company of tidal stream technology outfit OpenHydro – has decided to stop further investments into development of its tidal energy business, forcing the liquidation of the Irish-based subsidiary.
The UK government-funded Engineering and Physical Sciences Research Council (EPSRC) has invested £16 million into the establishment of three Supergen energy hubs, and a solar knowledge exchange network, with the aim of boosting more coordinated energy research.
One month after the UK government rejected the Swansea Bay tidal lagoon proposal – it has emerged that the scheme could be delivered without the UK government funding, according to a new independent report.
The European Commission has found a French project promoting electricity generation from tidal energy – a 14MW Normandie Hydro array – to be in line with European Union State aid rules.
Subsea engineering specialist Oceaneering has reported net loss of $33 million, or 34 cents per share, for the three months ended June 30, 2018. Adjusted net loss was $23 million, or $23 cents per share. During the corresponding period in 2017, the Houston-based company reported profit of $2.1 milli
TechnipFMC has reported second-quarter 2018 profit of $106 million or 23 cents per diluted share. The services major has seen a 36 percent decrease compared to net profit of $165 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Re
A technical due diligence process for the Ostend research tower – a test platform being developed by German developer NEMOS and Belgian POM West-Vlaanderen – has been launched to ensure the infrastructure supports the development needs for offshore wind, tidal and wave energy technologies.
Keppel Offshore & Marine’s wholly owned subsidiary, Keppel Shipyard has held a naming ceremony for the floating production storage and offloading vessel (FPSO) for Dixstone holdings, an affiliate of Perenco. The FPSO, converted from the crude oil tanker, was named La Noumbi at Keppel Shipyard which
Seismic player Polarcus has reduced quarterly loss when compared to second-quarter 2017 as revenues increased some 24 percent. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $8 million, versus loss of $34 million in Q2 2017. Sequentially, Polarcus slipped into red f
Norwegian geophysical services company EMGS has recorded slightly lower results when compared to second-quarter 2017, with net loss widened by some 200K. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $6.2 million or 6 cent per share, versus loss of $6 million in Q2
Oslo-listed Subsea 7 has seen profit cut by close to 50 percent in the quarter ended June 30, 2018 on fewer large projects, lower margins and lower activity levels in some of its business units. The subsea engineering and construction specialist posted quarterly profit of $74 million, or $24 cents p
The Virginia Department of Mines, Minerals and Energy (DMME) has selected BVG Associates to help develop strategies to strengthen Virginia’s position in attracting the offshore wind supply chain and service industry to the Commonwealth.
Two days after touching the Canadian seabed in the Bay of Fundy – the 2MW tidal turbine, deployed by Cape Sharp Tidal, has been connected to the Nova Scotia electricity grid.
The government of Ireland has approved the new Renewable Electricity Support Scheme (RESS) which is expected to spur the introduction of sufficient renewable electricity generation to meet national and EU-wide renewable energy and decarbonization targets out to 2030.
