Stork Technical Services Subsea today announces it will create 10 new positions and invest £2million in its vessel fleet after securing a raft of new contracts. The contract awards, which total more than £10 million, will see Stork Subsea deliver a range of IRM (integrated inspection, repair and maintenance), light construction and pre & post [...]
September 12, 2012 | Posted in
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Statoil and its partner Petoro have decided to further develop Gullfaks South in the North Sea by investing NOK 8.5 billion in two new subsea templates and six extra wells. This will boost recovery by 65 million barrels of oil equivalent. Increasing recovery from Gullfaks South will be implemented as part of Statoil’s fast-track developments. [...]
August 22, 2012 | Posted in
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Within the next few years, Taiwan’s National Science Council is planning to harness the power of Kuroshio Current, writes DigiTimes news site. The Council has conducted a research in 2011, after which they have decided to invest around USD 100 million in a 30MW tidal wave project. After its completion, the project would send electricity [...]
August 13, 2012 | Posted in
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Due to the fact that Elia, transmission system operator in Belgium and Germany, is legally obligated to connect offshore wind turbines to the grid, the company is planning to invest 3 billion euros in grid development over the next 10 years, writes Trends news portal. Jacques Vandermeiren, the newly elected CEO at Elia, said that [...]
July 19, 2012 | Posted in
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As a response to China’s growing deep sea mining industry, India announces plans to invest into the development of their mining industry over the period of five years, Hindustantimes.com reports. The minister of state for science and technology Ashwini Kumar stated: “We will like our presence felt in deep sea mining”. India wants to develop [...]
Australia will commit $33 million to help developing countries in the Asia‑Pacific sustainably manage their oceans, fisheries and coasts. Speaking at a Blue Economy event co-hosted by the President of Indonesia and the Prime Minister of Grenada, the Prime Minister said that oceans were an important part of sustainable discussions in Brazil. Australia has a [...]
June 22, 2012 | Posted in
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EFC Group, a leading designer and manufacturer of controls, handling, instrumentation and monitoring systems for the global oil and gas industry, has announced the successful delivery of two major contracts as well as the regional appointment of a vice president for the Americas. This comes as part of a focused campaign by EFC, headquartered in [...]
May 4, 2012 | Posted in
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The Technology Strategy Board is to invest up to £1 million in feasibility studies, to be led by SMEs, which will stimulate innovation in the oil and gas sector and accelerate the development and deployment of new technologies. Proposals for the studies should focus on the areas of increasing oil and gas recovery efficiencies, improving [...]
April 26, 2012 | Posted in
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The Northwest Energy Angels, the Pacific Northwest’s only angel group focused exclusively on providing early-stage capital to cleantech entrepreneurs, continued its mission of building a vibrant cleantech community in 2011 by investing more than $880,000 in nine cleantech companies, one receiving a second round of funding. “Despite the economic downturn, our members continued to support [...]
February 24, 2012 | Posted in
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Bluefin Robotics, a subsidiary of Battelle, is joining with The Columbia Group to invest in the next generation large submersible vehicle. Bluefin is a leader in design and manufacture of Unmanned Underwater Vehicles (UUVs) and related technology. Battelle has a long history of meeting the technology needs of the U.S. Navy including work on the [...]
February 22, 2012 | Posted in
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