Cape Sharp Tidal is making final preparations for the deployment of one OpenHydro tidal turbine in the Bay of Fundy before the end of 2016.
Oilfield services investment company, Akastor, has managed to cut its loss in the third quarter of 2016, despite close to 50 percent revenue decrease on mostly lower impairments compared to the corresponding quarter in 2015. The Oslo-listed company recorded loss of NOK 160 million ($19.6 million) fo
Thirteen local organisations in Lancashire and Cumbria coastal communities have been awarded grants totalling GBP 250,000 through DONG Energy’s new Walney Extension Community Benefit Fund. Each year, approximately GBP 600,000 will be made available for community projects for the expected 25-year lif
Thirteen local organisations in Lancashire and Cumbria coastal communities have been awarded grants totalling GBP 250,000 through DONG Energy’s new Walney Extension Community Benefit Fund. Each year, approximately GBP 600,000 will be made available for community projects for the expected 25-year lif
Bourbon has posted lower adjusted revenues for the quarter ended September 30, 2016 as utilization and daily rates continue to slide. The company said it had stacked 85 vessels as of end-September this year, including 59 shallow water vessels, 22 deepwater vessels and 6 subsea vessels (8 subsea vess
Aberdeen and Houston based M² Subsea Limited, a recently formed subsea services business, has secured a private equity investment to acquire a fleet of 32 remotely operated vehicles (ROVs). M² Subsea is set to become one of the largest independent providers of ROV services globally after attracting
Statoil has submitted a Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be ti
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
Elisa Floats Self-Installing Offshore Wind Turbine Researchers gathered around the EU-funded Elisa Project have developed an offshore wind turbine system that can be completely pre-assembled and pre-commissioned in controlled harbour conditions. The Big League Offering Lowest Offshore Wind Prices (I
GE and Baker Hughes have entered into an agreement to combine GE’s oil and gas business and Baker Hughes to create oilfield technology provider with mix of service and equipment capabilities. The transaction will be executed using a partnership structure, pursuant to which GE Oil & Gas and Baker Hug
The marine works at the SEENEOH tidal test site, located on the Garonne river in Bordeaux, France, have started last week.
Commercial production at the Vladimir Filanovsky field in the Caspian Sea was launched on Monday by the president of the Russian Federation Vladimir Putin. The V. Filanovsky field, discovered by Lukoil in 2005, is Russia’s largest oil discovery for the past twenty-five years and the second field com
British companies have already won 115 contracts to provide services for 50 offshore wind projects abroad and can stand to benefit further from 250 offshore wind farms in development around the world, according to a document released by RenewableUK. The document shows that British companies are winn
British companies have already won 115 contracts to provide services for 50 offshore wind projects abroad and can stand to benefit further from 250 offshore wind farms in development around the world, according to a document released by RenewableUK. The document shows that British companies are winn
