Singapore’s Ezra Holdings and Japan’s Chiyoda have signed a binding memorandum of understanding (MOU) for Chiyoda to invest in Ezra’s subsea services business, EMAS AMC, to form a 50:50 joint venture EMAS CHIYODA Subsea. Chiyoda headquartered in Yokohama, Japan is a front end engineering design (FEE
QED Naval, the developer behind Subhub tidal foundations platform, has moved their head office to satisfy the company’s growing requirements. The company stated their new location on Castle Street, Edinburgh, provides improved access for their customers and clients. The new accommodation comprises a
Pilot Energy announces that the National Offshore Petroleum Titles Administrator (NOPTA) has granted a Transitional Work Program Variation pertaining to the Company’s exploration permit WA-503-P offshore Australia. Under the original permit conditions, the 3D seismic commitment associated with the p
NASA’s Oceans Melting Greenland (OMG) field campaign is gathering data that will help scientists both to understand how the oceans are joining with the atmosphere in melting the vast ice sheet and to predict the extent and timing of the resulting sea level rise. This summer, a refitted fishing boat
Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million). “The sale of these midstream transportation assets is another example of Total’s strategy of active p
The U.S. Coast Guard has responded to a report of a natural gas pipeline fire, 40 kilometers (25 miles) south of Marsh Island. Namely, Watchstanders at Coast Guard Sector New Orleans received a notification yesterday at 8:30 p.m. that a natural gas pipeline had ruptured and was on fire. Sector New O
Alcatel-Lucent Submarine Networks (ASN) and Ocean Networks, Inc. are to extend the South America Pacific Link (SAPL) submarine cable system from Panama to Florida, adding approximately 3,000km to the 14,200km SAPL network that will link Hawaii to South America. The extension will be known as SAPL Ca
NEMOS, a German-based wave energy company, has developed an innovative system to generate electricity from ocean waves that can be coupled with offshore wind farms to reduce the overall costs of these emerging sectors. NEMOS has recently installed a 1:5 scaled version of their wave energy device at
WERPO, an Israeli wave energy developer, has entered into an agreement with Help Mankind for a twofold joint venture. According to WERPO, the first venture comprises the implementation of a manufacturing plant for the production of the equipment used by WERPO in its patented wave energy generation t
A new tidal gauge installed in the Wash, Lincolnshire, will help the Environment Agency measure tides, predict flooding and assess the impact of climate change more accurately. The instrument is on a platform measuring approximately 2 meters across and 11 meters above sea level. It’s located 4 km of
Schlumberger and Cameron have signed a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. Under the terms of the agreement, Cameron shareholders will receive 0.716 share
Norwegian shipbuilder and designer Ulstein has launched its hull number 302 offshore construction vessel the Island Venture. The largest offshore vessel so far from Ulstein Verft, measures 159.9 meters in length and 30 meters in the beam. The Ulstein SX165-design vessel, which has been redesigned an
SEM-REV, marine renewable energy test site located 30 km off the city of Le Croisic on the French Atlantic coast, has been officially opened on August 25, 2015. Operated jointly by the CNRS and Centrale Nantes, SEM-REV has installed equipment at sea and on land for the development and demonstration
Norway’s Reach Subsea has bounced back to profit during the second quarter 2015 on higher vessel utilisation after plunging into red in Q1 2015. The Oslo-listed company booked a Q2 2015 net profit of NOK 7.4 million ($900K) compared to NOK 6.9 million ($840K) in a year-ago quarter. The EBITDA was NO
