Chatham Rock Phosphate (CRP) has said it is considering reapplying for a marine consent to mine phosphate nodules on the Chatham Rise seabed. The company said it has not committed to reapplying at this stage as it needs to have confidence the process and the law is workable and the decision makers a
Aerial footage of the assembly process of D10 tidal turbine that’s currently underway in the port of Brest. The base is 20 by 20 meters in size, and it will carry a turbine of 10 meters in diameter. The turbine will have the capacity of up to 1 MW. The deployment of the turbine is […]
SeaBird Exploration, a seismic data provider for oil and gas companies, announced that the bondholders of SBX03 have today, with requisite majority, resolved to approve the restructuring. As previously announced, SeaBird is in default on its existing bonds and loans and certain other of its financia
Aker Solutions has said it will adjust its workforce capacity within the maintenance, modifications and operations (MMO) market in Norway after a continued decline in activity levels. About 300 engineering and project management employees in the Norwegian MMO business may be affected. Necessary adju
GE and Andritz Hydro consortium is the preferred bidder for supplying Swansea tidal lagoon with 16 turbines with the combined capacity of 320 MW. Flow is created by gravity through the difference in tidal height between the inside and outside of the lagoon walls. The high power output of 320 MW prod
Norway’s Dolphin Geophysical has seen revenues rise in the fourth quarter, despite the challenging seismic market. The company generated fourth quarter revenues of USD 130.5 million, compared to USD 38.8 million in Q4 2013. The increase is primarily due to six vessels in production and increased yea
GC Rieber Shipping had a loss of NOK 201.4 million in the fourth quarter 2014, compared with a loss of NOK 73.5 million in the corresponding period in 2013. The negative result in the fourth quarter 2014 is due to loss provisions for the seller’s credit to the HV V Golf companies as well as [&hellip
French oil services provider, Technip, has recorded net income drop of 40% in the fourth quarter after adjusted non-current items, despite revenue growth. The Company’s adjusted net income fell to 80.1 million euros from 134.5 million euros for the same period in 2013. However, underlying net income
Wave energy developer Carnegie Wave Energy announced that the Perth Wave Energy Project was formally opened today by the Federal Minister for Industry and Science, the Hon Ian Macfarlane, and is now exporting electricity into the WA power grid. The Perth Project was officially “switched-on” by Feder
Perth Wave Energy Project was formally opened by Ian Macfarlane, the Federal Minister for Industry and Science, and is now feeding electricity to the West Australian power grid. The Project represents the first grid connected CETO wave power plant and the only wave power plant anywhere in the world
Oslo-listed subsea operator, Reach Subsea, generated revenue for the fourth quarter 4Q2014 of NOK 84.3 million, compared with NOK 24 million for the 4Q2013. The increase in turnover compared to the last year’s fourth quarter was due to the increased activity as reflected by having four vessels in op
Aberdeen-based Wood Group has recorded a profit rise led by performance in Wood Group PSN Production Services. Wood Group PSN’s Production Services activities delivered strong growth, with revenue up 16.0% and EBITA up 30.4%. This increase is primarily attributable to performance in the Americas, le
Local residents are voicing their concerns over the plan to re-open Dean Quarry in fear that it would ruin the stretch of the Cornish coastline. Developers of the Government-backed project Swansea Bay tidal lagoon plan to re-open Dean Quarry near St Keverne in Cornwall to provide rock for the constr
Houston-based well intervention and robotics specialist, Helix Energy, reported net income of $8.0 million, or $0.08 per diluted share, for the fourth quarter of 2014 compared to net income of $36.5 million, or $0.35 per diluted share, for the same period in 2013. However, net income for the year en
