Wood Mackenzie and the Oil & Gas Technology Centre are developing new subsea technology and approaches to field developments that could help unlock 400 million additional barrels of oil and gas and generate £3 billion of additional value. On the UK Continental Shelf (UKCS), there is 3.4 billion barr
The Finnish wave energy technology provider Wello has signed a contract with the Chinese conglomerate CIMC OEI. This contract paves Wello’s way to the Chinese energy market and enables Wello to reach a most competitive position in renewable energy technology markets worldwide, the company said. The
Norwegian geophysical services company EMGS posted loss for the fourth-quarter 2017 of $5.9 million, improving from $15.1 million loss in the same period last year. The Oslo-listed company generated revenues of $11.3 million in the quarter ended December 31, 2017, down from $12 million in the corres
The Liverpool City Region Combined Authority has unanimously adopted Mayor Rotheram’s proposal to grant a share of £1.6 million from priorities fund to harness the tides of River Mersey.
Ocean Installer will assist BW Offshore in decommissioning the Berge Helene FPSO on the Chinguetti field, 80 kilometers west of Mauritania, following Petronas implementation of its demobilization plan. The project will be executed on a fast track, with offshore operations commencing as soon as March
Nautilus Minerals continues to arrange bridge loans from Deep Sea Mining Finance. The bridge loans are expected to form part of a larger secured structured credit facility of up to US$34 million to be provided by the lender to the company. Mike Johnston, Nautilus’ CEO, said: “We are very pleased wit
Eni has made a lean gas discovery in Block 6 offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The Cretaceous sequence has excellent r
MHI Vestas has completed the foundation work at its Fawley Paint & Logistics Facility in Hampshire, UK.
HR Wallingford and the University of Rostock are conducting a research on the development of scour on offshore substation jacket foundations located in the German part of the North Sea.
Xodus Group is undertaking an international study on behalf of Scottish Enterprise to determine competitiveness and innovation in the Scottish subsea market and benchmark capabilities with regions across the world. Over the next 12 months, the findings should help shape a range of projects and activ
Finnish wave energy developer Wello has signed a deal with Chinese conglomerate CIMC OEI to develop wave energy projects in China.
Mermaid Maritime, a provider of subsea and drilling services to the offshore oil and gas industry, has appointed Mark Midgley as chief operating officer. Following this appointment, Mermaid will hereafter have two chief operating officers each reporting directly to the chief executive officer. Dr. V
Phoenix has recently completed an abandonment campaign in the Gulf of Mexico utilizing its atmospheric diving system (ADS) Hardsuit and a surface supplied air diving spread mobilized onboard a vessel of opportunity. The project was executed in two phases. In Phase 1 of the project, Phoenix cut, plug
Bourbon has seen its revenue decline some 19 percent year-on-year for the quarter ended December 31, 2017, and some 22 percent for the full-year 2017. The French vessel owner and offshore services provider generated a total of €181.6 million in fourth-quarter 2017 revenue. Adjusted Q4 revenue was €1
