Offshore Energy Research Association (OERA) is looking to hire a service provider to define and describe data management system for use by the Fundy Ocean Research Center for Energy (FORCE).
ExxonMobil has received Petroleum Safety Authority (PSA) consent to extend the lifetime of the facilities on the Sigyn field. The field, developed using a subsea solution, with the wellstream piped through two lines to the Sleipner A facility, was originally estimated to last until 2017. The most re
Aker BP, ExxonMobil, Gassco and Statoil have received a consent for manned underwater operations in 2017 from Petroleum Safety Authority (PSA) Norway. Statoil has signed framework agreements with Technip Norge and Subsea 7 Norway on the performance of manned underwater operations in 2017. Through a
Norwegian seabed seismic services player, Magseis, has bounced back in black at the end of the fourth quarter 2016 with its quarterly revenues at all-time high. The Oslo-listed company has seen its revenues up to USD 20 million from USD 5.5 million same time last year. The Q4 2016 revenues is a resu
QED Naval has informed that the fabrication of its Subhub tidal platform is nearing completion ahead of installation at the European Marine Energy Centre (EMEC).
Fugro has axed over 3000 jobs in the past two years due to continuous downturn in the oil and gas services market. The Dutch subsea and survey specialist expected that its ongoing restructuring would result in a total headcount reduction of some 1,000 in 2016. However, slow recovery in its largest m
The final tidal stream turbine for the MeyGen’s first phase, AR1500, has operated at full power and exported the produced electricity to the grid.
Balfour Beatty in consortium with Prysmian Group has been awarded approximately EUR 219 million contract by ElecLink to install a 65 km electricity cable between France and Great Britain. The cable will be installed through the Channel Tunnel, an undersea tunnel linking Folkestone in Kent to Coquell
Minesto and Stena Line have signed an agreement to build a new assembly hall in Holyhead that will be used for Minesto’s Welsh tidal project.
Saipem has plunged deeper into the red as longer-than-expected market recovery led to massive writedowns and reorganisation costs for the Italian oilfield services player in 2016. The company has recorded net loss of €2.1 billion for the twelve months of 2016, of which €162 million in the fourth qua
Oslo-listed SeaBird has seen more red ink in the fourth-quarter 2016, on sharp revenue drop due to lower utilization and reduced fleet size. The seismic data provider for oil and gas companies posted loss of around $6.9 million or $2.25 per diluted share for the fourth quarter of 2016, compared to n
James Fisher Subsea Excavation (JFSE) has developed a new tool capable of trenching large diameter pipelines in a single pass. The Twin T8000 was developed to support SapuraKencana Mexicana’s trenching requirements. The offshore construction company needed more than 14km of a 36” pipeline with concr
TGS and Schlumberger have begun a new multi- and wide-azimuth (M-WAZ) multiclient reimaging program in the Central U.S. Gulf of Mexico. Final results are expected in early 2018, ahead of a period when substantial block turnover in the area is anticipated. The new Fusion M-WAZ reimaging program compr
A new funding call will be launched in March 2017 to support transnational collaborative projects aiming to demonstrate and validate new ocean energy technologies.
