Offshore Energy News

 

More GoM Work for Magseis Fairfield

Feb 12, 2021

Oslo-listed Magseis Fairfield on Friday said it had won a deep-water 4D Ocean Bottom Node (OBN) monitor survey contract in the US Gulf of Mexico with a repeat customer.The survey will be conducted with Magseis Fairfield’s ZXPLR technology, currently in use for ongoing projects in the same region…

Offshore Services Firm OceanPact Completes $227 Million IPO

Feb 10, 2021

Brazil maritime services provider OceanPact Servicos Maritimos has concluded a 1.22 billion reais ($226.51 million) initial public offering, according to a securities filing on Wednesday.OceanPact priced the offer at 11.15 reais per share, at the bottom limit of the indicative range of up to 13…

Magseis Fairfield in Deepwater Survey Gig, Offshore Angola

Feb 10, 2021

Oslo-listed seismic services company Magseis Fairfield has said it has won a seismic survey contract offshore Angola.The contract, with an unnamed 'major international energy company' is for a deep-water Ocean Bottom Node baseline survey (3D)…

Cummins QSK95s: Big Electric Power for Conversion of Ariake to FPSO

Feb 10, 2021

Floating Production Storage and Offloading (FPSO) vessels are essential tools in the search for oil  in deeper waters, further from shore-based facilities. Typically, the large FPSO is stationary with a number of wells feeding oil into its holds…

Sustainable Marine Floats Out 'Next-Gen' Tidal Energy Platform in Canada

Feb 02, 2021

Scottish tidal energy technology firm Sustainable Marine is forging ahead with plans to deliver the world’s first floating tidal energy array after unveiling its next-generation platform in Nova Scotia, Canada.Construction of what the company says is pioneering new 420kW PLAT-I 6…

Ocean Power Technologies Buys Offshore Engineering firm 3Dent

Feb 02, 2021

U.S. based ocean energy technology developer Ocean Power Technologies has acquired 3Dent Technology, an offshore energy engineering and design services company based in Houston, Texas. 'OPT’s first acquisition brings additional revenue from 3Dent’s established project and customer base…

CorPower Ocean Attracts Investment for Wave Energy Tech Project in Portugal

Feb 02, 2021

CorPower Ocean, a Sweden-based developer of wave energy converters, which has recently secured a 10-year license marine license in Portugal, said Tuesday it had attracted an investment of 7.3 million euros for its Portuguese wave energy technology project…

Shell Joins Floating Wind Project Offshore Ireland

Jan 29, 2021

Oil major Shell has this week signed an agreement to join a floating wind project in the Celtic Sea, offshore Ireland.The agreement, signed with Irish developer Simply Blue Energy, will see Shell acquire a 51% share of their Simply Blue Energy Kinsale venture…

Mocean to Test Blue X Wave Energy Converter at EMEC

Jan 29, 2021

Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…

$2.6 Million Awarded to Advance US Offshore Wind Innovation

Jan 28, 2021

The National Offshore Wind Research and Development Consortium (NOWRDC)has made available $2.6 million for a group of projects aiming to advance technological innovation that will drive down costs of offshore wind development in the U.S.The Consortium…

Seismic Surveyor Polarcus Sees Shares Nosedive as it Defaults on Debt Payment

Jan 26, 2021

Oslo-listed seismic surveyor Polarcus has defaulted on its bank loans and bonds, it said on Tuesday, sending the company's shares plunging more than 30%.Polarcus and other seismic surveyors have been hit by weak demand as oil companies slash…

DeepOcean Winds Down Its UK Cable Lay & Trenching Business

Jan 26, 2021

Subsea services company DeepOcean has completed the wind-down of its UK Cable Lay & Trenching business.DeepOcean had in November 2020 said it had started a restructuring process in relation to three UK subsidiaries in its Cable Laying and Trenching business (the “CL&T Group”)…

Acteon's MENCK to Provide Piling Hammers for Boskalis' Offshore Wind Assignment in Taiwan

Jan 25, 2021

Acteon's pile-driving operating company, MENCK, has won a contract to support the Dutch offshore contractor Boskalis with the foundation piling activities on the Taiwanese Changfang and Xidao offshore wind farm (CFXD OWF) project. The project…

Subsea Battery Developer EC-OG Names Chairman to Help it Grow

Jan 25, 2021

Aberdeen-based subsea battery developer EC-OG has appointed Bob MacDonald, a former Wood Group man - now Wood - as Chairman.MacDonald previously served as Chief Executive Officer of the Specialist Technology Solutions (STS) business for energy services specialist Wood…

Kongsberg Tech for China-built Offshore Wind Turbine Installation Unit

Jan 25, 2021

Norway's Kongsberg Maritime has signed a Letter of Intent with Chinese shipbuilder Yantai CIMC Raffles Offshore to deliver a large technology package for the BT-220IU Wind Turbine Installation Unit.The offshore installation vessel BT-220IU is to be constructed for the Norway-based company OIM Wind…

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