Point Resources and Eni Norge Finalize Merger
Point Resources and Eni Norge have concluded the merger between the two companies, after receiving appropriate approvals. The two companies have joined forces to create Vår Energi, with a new organisation of about 800 employees. Vår Energi is an independent exploration and production (E&P) company, with a net production rate of more than 170 000 barrels […]
Neptune Energy Wraps Up Integration with Former VNG Norge
Neptune Energy has completed the integration with the former VNG Norge business. The integrated business, ‘Neptune Energy Norge’, will become the operator of the Fenja field development project in the Norwegian Sea, the company informed. As of December 04, 2018 the merger between Neptune Energy Norge and VNG Norge was completed. The […]
Rovco Gets Further Funding for Live 3D Visualization Project
Rovco has been awarded further funding by Innovate UK to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology. This brings the combined total in technology grants for the UK subsea services company to £1.46 million. The next stage, AUV3D Phase 2 continues from the […]
GCE Subsea Changes Name | Subsea World News
Norwegian industry initiative GCE Subsea has decided to change its name to GCE Ocean Technology, effective February 1, 2019. The issue of a name change has been up for discussion on several occasions as the cluster is exploring further markets beyond the traditional oil and gas sector. The new name gives the cluster […]
Minesto Gets Additional €1M Boost from InnoEnergy
European powerhouse and investor in clean energy InnoEnergy has awarded an additional €1 million to the commercialisation of Minesto’s marine energy technology. This makes the Swedish marine energy developer InnoEnergy’s largest investment in ocean energy. Including the latest €1 million injection, InnoEnergy has invested €5.5 million in Minesto and the development of […]
Eidesvik Secures Contract for Viking Neptun
Eidesvik has secured a contract for Viking Neptun for the term work with Ocean Installer. The work is planned to start early 2020 and 2021 respectively, the company informed. “We are very pleased with this contract and look forward to work closely together with Ocean Installer. This contract confirms our belief in […]
Leask Marine Expands Its Operations
Highlands and Islands Enterprise (HIE) and Scottish Enterprise (SE) are supporting marine specialist Leask Marine in its submersible drilling rig research and development project. Leask Marine will invest £1.5 million in its R&D project with aim to target commercial opportunities in the offshore renewable energy market in Orkney and beyond with the cost effective […]
AREG Membership List Grows | Subsea World News
Aberdeen Renewable Energy Group (AREG) has seen its membership numbers rise over the past 12 months with an increase in the number of companies supporting both the offshore wind and wave and tidal sectors. Among the 25 new sign-ups are marine engineering firm EC-OG, weather forecasting business StormGeo AS, fabric maintenance business, Venko Offshore and […]