Atlantis Resources, owner of the world’s largest planned tidal stream energy project, MeyGen, has agreed terms with a funding syndicate for a funding package for Phase 1A of the MeyGen project. Total project funding package, which is a combination of equity, debt and grant, will exceed £50m. Funding
Statoil has awarded Kvaerner a concept study related to a standardised, unmanned dry tree wellhead platform for the Oseberg Future Development project. The concept is focused on minimisation of facilities, equipment and costs down to water depths of 150 meters and may be a cost effective solution co
Offshore Energy Exhibition and Conference, taking place on 28 & 29 October 2014 in Amsterdam RAI, the Netherlands, stays on top of new developments. With a session on subsea processing the Offshore Energy Conference addresses a key innovative area. Experts from frontrunners in subsea processing such
Grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE), has announced Marine Power Systems’ WaveSub as the latest innovation to receive funding. Marine Power Systems was founded with the sole purpose of developing and bringing to market the novel, patent protected wave energy
4NRg has secured £42k of grant funding from the Supply Chain innovation for Offshore Renewable Energy (SCORE) programme for their innovative desalination unit. Research and development specialist 4NRg focuses on the renewable energy sector and in particular coming up with innovative or novel solutio
With the creation of several new artificial reefs deployed over the last three weeks, Martin County has grown its Artificial Reef Program, adding new sites for fisherman and divers to explore offshore. Approximately 3,000 tons of concrete material was deployed in the waters off southern Martin Count
Eni, through its affiliate IEOC Production BV and in joint venture with BP Egypt, started production from the DEKA project (Denis-Karawan) through the new subsea well Denise South 6 at a gas rate of 1.8 million cubic meters per day and associated condensates of about 800 barrels per day. The DEKA Pr
Yesterday’s Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the U.S. Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. “This sale underscores the President’s commitment to creat
“Global Offshore Wind Turbines and Foundations Market Size, Share & Country Analysis to 2020” report is now available at RnRMarketResearch.com. Latest report “Offshore Wind Turbines and Foundations – Global Market Size, Market Share, Regulations and Key Country Analysis to 2020” provides detailed in
Scottish Natural Heritage (SNH) have recently completed two reports relating to marine renewable energy developments and their potential impact on the environment. These reports offer a risk assessment of the interaction between marine renewable devices and the diving birds and megafauna in the area
MAKE’s Q3/2014 Global Wind Power Market Outlook Update presents a consistent expectation of 7.2% growth on average per year from 2013 to 2023. In the US, new guidance from the IRS has shifted 1.3GW into 2015 from 2014 and 2016; incentive schemes and policy improvements in key markets such as India,
MAKE’s Q3/2014 Global Wind Power Market Outlook Update presents a consistent expectation of 7.2% growth on average per year from 2013 to 2023. In the US, new guidance from the IRS has shifted 1.3GW into 2015 from 2014 and 2016; incentive schemes and policy improvements in key markets such as India,
MAKE’s 2014 inaugural APeC Wind Power Outlook 2014 is now available. The 65-page report contains over 85 charts, tables and graphs providing in-depth analysis of 10+ markets in the region. The report studies key drivers and barriers for new wind power installations in Asia Pacific (excl. China), reg
Kim Trapani, Energy Researcher at MIRARCO in Sudbury, Canada, has been working on the development of a floating solar system, Canadian media writes. The system will be tested next year in the Mediterranean Sea near Malta. It is made of flexible solar panels, so they can be easily bent, which makes t
