Xcite Energy yesterday closed on the issue of US$10 million of unsecured Loan Notes to a fund managed by West Face Capital Inc. The funds will be used to provide contingency funding during the important Phase 1A work programme on the Bentley field. The Loan Notes have an initial term of 236 days and
FN Diving reported that it has successfully conducted Underwater Bow Thruster CPP Blade exchange and repair in Bremen Port. After an underwater inspection two of the blades on a bow thruster unit on a RORO Vessel were found severely damaged. The 2 Blades were taken off underwater and the bow thruste
Burntisland Fabrications Ltd (BiFab) has announced that it has been successful in securing a contract for the £1.4 billion Cygnus Project which will develop the sixth largest gas field in the UK Southern North Sea. The Scottish fabrication company is one of a number of UK companies to benefit from i
CWE Ireland has applied with the Department of the Environment for the licence to develop a five megawatt wave energy project off the west Clare coast, writes the Irish Times. The company, which is a 100% owned subsidiary of Carnegie Wave Energy Limited, chose this site after a two year research. Ki
Subsea companies will find out all about state-of-the-art oil and gas academy facilities and world-class training opportunities at a “Lunch and Learn” seminar in Aberdeen next week (15 August). More than 20 companies will take part in the session organised by industry body Subsea UK, at Aberdeen Col
This week, Bio Power Systems held information meetings regarding its 250 kW wave energy project. The meetings took place at Port Fairy and Yambuk, with about 50 attendees. The ABC news site quotes Dr Timothy Finnegan, the company’s chief executive, as saying: “Just wanting to be well informed and we
UTEC has announced the appointment of Brendan Ryan as Chief Operating Officer, a key role within the global organization. Brendan is the holder of a BAI in Engineering and a BA in Mathematics from Trinity College, Dublin and a MBA from Texas A&M in Corpus Christi, Texas. He is also a Chartered Engin
Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,032 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espado
A joint industry project, entitled SURF IM, that aims to enable an integrated approach to integrity management of subsea, umbilical, riser and flowline (SURF) systems, and develop new best practice guidelines for subsea integrity management is underway. Wood Group Kenny are leading the project, whic
Modus Seabed Intervention has teamed up with The TTE Technical Training Group to initiate an apprenticeship training programme to aid teenagers in their path towards full-time employment. Following an initial two years with TTE, 18-year-old Michael Gregory, from Teesville, Middlesbrough, has joined
FUGRO-TSM has been awarded the Kumul Marine Terminal Pipeline IRM Contract from Oil Search Limited. The contract is for the provision of a DP2 DSV to support air diving services around the Kumul Marine Terminal in the Gulf of Papua, PNG. Fugro-TSM has mobilised the Rem Etive, complete with work clas
Cosalt Offshore, a provider of integrated lifting integrity solutions and lifeboat services to the oil and gas industry, has announced the appointment of Keith Mackie as new operations director. Mr Mackie joins the team at Cosalt Offshore with over 25 years operations management experience, having p
In just a few weeks, a remarkable new Fugro trenching system will start its first offshore deployment, working for Centrica on the 270MW, 75-turbine Lincs offshore wind farm. Fugro-Salt Subsea of Aberdeen has already run a series of successful jetting and cutting trials with the first of its state o
Artemis Atlantic concluded the acquisition of seismic data in Nordland IV and V on Tuesday 7 August. On Monday, the vessel acquired seismic data in areas 3 and 4. Before the acquisition ends, two lines will be acquired on the boundary between areas 2 and 3. The acquisition of seismic data in the are
