Norway’s Electromagnetic Geoservices (EMGS) has announced further cost reductions reflecting the challenging market conditions in the oil service industry. As communicated in the first quarter report, the company initiated cost reduction measures in the beginning of the first quarter. According to E
Ocean Power Technologies (OPT) has received final permit approval for the deployment of its PB40 PowerBuoy off New York City. The permit has been issued by the New York City District Army Corps of Engineers, and the device will be deployed approximately 55 km southeast of the New York City Harbour.
Ocean Installer has been awarded its first call-off contract under a framework agreement with ExxonMobil Exploration & Production Norway AS (EEPNAS) for subsea well tie-back, engineering, IRM, ROV and associated services at the Balder field. The call-off contract comprises fabrication and installati
DeepOcean has been awarded an Inspection, Maintenance, and Repair (“IMR”) contract by BG Group. The five year contract covers all ROV based IMR work for BG Group on UK and Norwegian subsea assets. DeepOcean will use vessels from its North Sea based fleet for work under this contract. “IMR is one of
Wintershall has started production of natural gas on its unmanned mini-platform L6-B off the Dutch North Sea coast. The first so called “Minimum Facility” platform was built in just nine months and brought to its offshore location in June 2014. These platforms can be deployed in particularly shallow
A diver who failed to correctly declare where he found historic cannons dating back to the 1600s has pleaded guilty to fraud in excess of £46,000. Vincent Woolsgrove from Ramsgate in Kent, said he had found three 24lb cannons off North Foreland which were originally from the City of Amsterdam. The c
Tocardo Tidal Turbines has announced plans to install an array of 5 tidal turbines in the Eastern Scheldt storm surge barrier. The Eastern Scheldt storm surge barrier is designed to protect the Netherlands from flooding from the North Sea. The location will now deliver the combination of water defen
Tocardo will install five tidal turbines in the Eastern Scheldt storm surge barrier (Oosterschelde barrier) to generate clean energy. According to the company, this installation will be both the largest tidal energy project in the Netherlands as well as the world’s largest commercial tidal installat
Northern Petroleum’s environmental impact assessments (EIA) for its three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced by the company on June 10, 2015. The
Hawboldt Industries has secured a deal with Cape Sharp Tidal to supply equipment that will be used for turbine deployment in the Bay of Fundy. Hawbolt Industries has been awarded $4.7 mln contract for the design and manufacturing of three heavy lift winches that will be used on the OpenHydro deploym
Unique Group has recently collaborated with KBA Training Centre (KBAT) to offer a series of Health, Safety and Diving courses in the United Arab Emirates (UAE). KBAT offers health & safety consultancy and courses approved by international accrediting bodies such as NEBOSH, IOSH, CIEH, IMCA and IRATA
SapuraKencana Petroleum has seen its profits slide almost 49% for the first quarter ended April 30, 2015, on lower revenue caused by decline in energy division and market slowdown. The company generated 7,6% lower revenues of approximately $602 million, or 2.26 billion ringgit, down from $650 millio
Eco Wave Power, an Israeli wave energy company, has developed wave energy technology that harnesses the energy of the waves at onshore and near shore site locations. Eco Wave Power has developed its proprietary wave energy converters which use Wave Clapper and Power Wing buoys that rise and fall wit
8 units of 15 ton Mooreast MA5P anchors have been installed at a newly developed field offshore Terengganu, Malaysia, last month. “This is the third oil related floater project where Mooreast supplied its own MA5P anchors. Taking into consideration that Mooreast started to develop, design, fabricate
