Nautilus Minerals has arranged additional bridge loans from Deep Sea Mining Finance, which are expected to form part of a larger secured structured credit facility of up to $34 million. Nautilus has to date received bridge loans from Deep Sea Mining Finance totaling $9,650,000. The bridge loans shou
The continued delay on the funding decision by the UK government for the Swansea Bay tidal lagoon project may reportedly cause the company behind the scheme, Tidal Lagoon Power, to soon reduce the number of employees.
GMT Energy Resources commissioned InterMoor for some mooring integrity work on the Erha FPSO, on behalf of Esso Exploration and Production Nigeria Limited (EEPNL). The FPSO is located 97 kilometers off the Nigerian coast in the Erha field, in about 1168 meters of water. The production asset has a de
A consortium comprising Principle Power, EDPR Offshore North America, Aker Solutions, H. T. Harvey & Associates and Herrera Environmental Consultants has been selected to enter into a public-private partnership with Redwood Coast Energy Authority (RCEA) to develop a floating wind project offshore Hu
TGS has announced the ‘Brazil Southern Basins SeaSeep Project’ in the Campos and Santos Basins, offshore Brazil. The project will cover existing TGS surveys in these hydrocarbon rich basins as well as the pre-salt trend where many untested structures exist. Acquisition of the multibeam will start la
The EU-funded OPERA project will disseminate the results of the initiative which aims to halve the cost of wave energy during the International Conference on Ocean Energy (ICOE) 2018.
Dutch tidal energy developer Tocardo International has provided more information on the activities which led to its bankruptcy – declared in January 2018 – and the ‘re-start’ of the company made possible through a fresh investment secured a month later.
Ørsted has assigned CR Classification Society to perform a structural review of the offshore substation design for the Greater Changhua offshore wind projects in Taiwan.
SINN Power is set to begin its first commercial wave energy project on Cape Verde in Africa following the signing of an agreement with Fazenda de Camarão. SINN Power has partnered with Fazenda de Camarão to begin a commercial demonstration project for wave energy on São Vicente. Within this project,
Tidal Energy Today has compiled the top news from tidal and wave energy industry from March 26 until April 1, 2018.
Subsea World News has put together a recap of the most interesting articles from the previous week (March 26 – April 01). https://subseaworldnews.com/2018/03/26/technipfmc-to-deliver-subsea-systems-for-gumusut-kakap-project/ https://subseaworldnews.com/2018/03/27/mpsv-ievoli-ivory-marks-jfms-next-uk
Swedish tidal energy developer Minesto has reported a decrease in loss of 37% for the year 2017 – compared to the financial results filed a year ago.
Construction of DEME’s new offshore installation vessel ‘Orion’ has started with the official keel laying ceremony held at COSCO in China on Friday. The vessel will be deployed by DEME’s subsidiary GeoSea for the construction of the offshore wind farms, to service the oil and gas industry and for de
The partners of the Iberdrola-led ROMEO project have created Work Package 7, designed to test concepts/tools integrated into O&M information management systems in a real operational environment of the Teesside, Wikinger and East Anglia ONE offshore wind farms. The WP7 will include all the necessary
