Energy News

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Offshore Wind Could Bring In $1.7B to U.S. Treasury by 2022

The United States has an opportunity to accelerate offshore wind energy growth, and benefit from 28 new gigawatts of wind power and $1.7 billion in U.S. Treasury revenue by 2022, according to a study released by the energy intelligence group Wood Mackenzie. Apart from the benefits to the Treasury, the offshore wind industry in the U.S. could create 80,000 jobs annually from 2025 to 2035.Commissioned by four energy industry groups, American Wind Energy Association (AWEA), National Ocean Industries Association (NOIA), New York Offshore Wind Alliance (NYOWA), and the Special Initiative on Offshore

An ROV - Credit: Victor Ivin/AdobeStock

Reach Subsea Adds to Its ROV Backlog

Reach Subsea, Oslo-listed subsea services provider for the offshore energy sector, has added to its contract backlog.The company had in its 1Q 2020 report said that it had secured 750 project days (representing 1,250 ROV days) for the remainder of 2020.In a statement on Wednesday, Reach Subsea said that since the 1Q report, it has, together with cooperation partner MMT Sweden AB, been awarded additional contracts and call-offs under frame agreements for 2020 execution, representing about 250 project days (400 ROV days). The projects involve both inspection, survey, and construction support work

(File image: Kraken Robotics)

Bennett Joins Kraken Board

. announced that Cathy Bennett has joined the company’s board of directors.Bennett brings more than 25 years of experience as an entrepreneur, business executive, and corporate director across private, public and non-profit entities. Her experience crosses multiple sectors including the government, energy, manufacturing, mining, restaurants, telecom, and technology sectors. Bennett was a Member of the House of Assembly of Newfoundland and Labrador from 2014 to 2018 as well as Minister of Finance and the Status of Women. A seasoned corporate director, Bennett holds an ICD.D designation from the Institute

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Fincantieri, Saipem in Deep-Seabed Mining Tie-up

Italian shipbuilding firm Fincantieri, and its compatriot energy services company Saipem have signed an agreement to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 meters in depth. The memorandum of understanding signed between the two companies sets the ground for a strategic partnership aimed at developing and pursuing business opportunities in the field of designing, engineering, building, and managing DSM systems."Deep-sea floors are rich in minerals, mostly sulfides (sulfur), cobalt crusts, and polymetallic nodules

Spirit Energy Orders POS-GRIP System from Plexus

Oil and gas company Spirit Energy has ordered a POS-GRIP surface production wellhead system from Plexus Holdings.The order from Spirit Energy includes Plexus' POS-GRIP 5,000psi leak-proof "HG" metal to metal sealing surface production wellhead and associated spares and equipment for a new gas well in the UK North Sea. POS-GRIP is a friction grip technology that squeezes a pressure vessel from the outside to hold and seal components in place. In wellheads, this provides the capability to simply secure casing and tubing hangers in the well.Under the terms of the contract with Spirit

Credit Colin Keldie

$10.5m Funding for CorPower Wave Energy Tech

CorPower Ocean announced the award of $10.5m in new funding for it’s wave energy tech innovation, a funding round led by Midroc New Technology, with additional investment from ALMI Invest Greentech, EIT InnoEnergy and a group of private investors.  CorPower Ocean’s Wave Energy Converters (WECs) are inspired by the pumping principles of the human heart. According to the company, advanced control technology allows large amounts of energy to be harvested using small, low-cost devices.Proceeds from the recent round of funding will be used to demonstrate the first commercial scale WEC

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Webinar: Floating Production Forecasts & Analysis

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis, presented by ABS and World Energy Reports, will be held July 29, 2020, 11 a.m. (EDT). REGISTER HERE.The effects of the COVID-19 crisis and oil supply glut continue to seriously dampen investment appetite in the oil and gas sector, putting new deepwater project starts on hold through at least the third quarter of this year.But with oil prices

BOEM’s Gulf of Mexico Office Regional Director, Mike Celata, virtually signed a memorandum of understanding to address coastal restoration in Texas with Col. Timothy Vail, Commander, USACE Galveston District and Mark Havens, Deputy Land Commissioner for Texas GLO. This effort is intended to streamline and synchronize Gulf of Mexico sediment resource identification for Texas coastal protection and restoration projects and plans. (Courtesy USACE)

Enhancing Understanding of Gulf Sediments

Galveston District of the U.S. Army Corps of Engineers has entered into a memorandum of understanding with the Bureau of Ocean Energy Management (BOEM) (a bureau of the U.S. Department of the Interior) and the Texas General Land Office (GLO) to streamline and synchronize Gulf of Mexico sediment resource identification data for use in Texas coastal protection and restoration plans and projects.According to the memorandum, a framework will be developed to collect and share data and optimize engineering, economic, and environmental criteria by matching potential sediment sources with future restoration

Miss Emma McCall (Photo: TDI-Brooks)

TDI-Brooks' New Vessel Completes Its First Projects

TDI-Brooks’ newest vessel R/V Miss Emma McCall has recently completed its first projects for the U.S.-based marine data acquisition services company on behalf of Total and Cairn Energy offshore Mexico. TDI-Brooks has the vessel on a long-term bare-boat charter from Cameron Offshore Boats.The 2003-built Miss Emma is a multi-use oceanographic research vessel outfitted for a wide variety of oceanographic research duties for operations in the Northern/Southern Gulf of Mexico (GOM), U.S. East Coast and elsewhere in the Americas. The vessel is equipped to acquire geophysical surveys for offshore

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