Business & Finance
Red7Marine Invests in ROV Fleet
Fast-growing offshore company Red7Marine Offshore has expanded its subsea services to North Sea clients by investing in a fleet of remotely operated vehicles (ROVs). The investment – part of a £25 million investment in equipment this year – secures more skilled jobs at its Great Yarmouth base. The R
Conference on Opportunities for UK Ports in Energy Sector Coming Up
On December 2, an event titled “Opportunities for UK Ports in the Energy Sector” will be held in London. Recent years have seen rapid development of offshore renewables and a number of changes to energy policy. With these changes, there are many available opportunities for ports to support the suppl
Ofgem Announces GBP 46.4 Mln for Eight Projects
Ofgem has confirmed funding of £46.4 million for eight projects as part of its cutting-edge innovation competitions for the network companies that deliver energy to homes and businesses. Ofgem runs three innovation competitions to help Britain’s energy networks become smarter and more cost-efficient
MMO Appoints New CEO
Sir Bill Callaghan, Chair of the UK Marine Management Organisation (MMO) has confirmed the appointment of John Tuckett as the organisation’s new Chief Executive. The appointment was made following a fair and open recruitment exercise which attracted a strong field of high quality applicants. Prior t
E.ON Goes with 116 Turbines for Rampion
E.ON has announced the final design for the Rampion Offshore Wind Farm project, after receiving consent from the Secretary of State for Energy and Climate Change in July this year. Situated 13km off the Sussex coast at its nearest point, the 72km2 final wind farm would feature 116 turbines, each mea
Scottish Renewables Hails Government’s Wave Energy Move
Scottish Renewables has welcomed the Scottish Government’s announcement of the creation of a wave energy technology development body. Lindsay Leask, Senior Policy Manager at Scottish Renewables, said: “Capturing wave energy is a complex and demanding process, and although the sector is still in its
Fundy Tidal Closes Partnership with Ontario Firm
Fundy Tidal has closed investment by Tribute, through its wholly owned subsidiary International Marine Energy Inc. (IME), on November 6, 2014, during the International Conference on Ocean Energy 2014 in Halifax, Nova Scotia. IME subscribed for 10% minority interest in Fundy Tidal, being 398,500 comm
EMEC Comments on Pelamis’ Announcement
Neil Kermode, managing director of EMEC, commented on Pelamis’ last week’s announcement: “EMEC is saddened to hear that its oldest customer has gone into administration. “We have known many of the Pelamis team for years and all of us at EMEC are dismayed by this announcement. As a test site we have
K2 Management, DBD Systems Sign Floating Wind Power Deal
K2 Management has been awarded with an assignment from DBD Systems to assist on the design, engineering and project development on its floating foundation technology. Starting up K2 Management will, according to its US Managing Director Carsten Jensen, provide specific offshore project development a
Tees Valley Gets Financial Boost for Offshore Wind Sector
A £190 million funding package that will provide a major boost to the Tees Valley economy by creating up to 1,000 jobs, building up to 1,500 homes and strengthening transport links for local businesses was officially signed by UK Local Growth Minister Penny Mordaunt on November 20. The Tees Valley G
Fishermen’s Energy Receives Another Rejection from NJ BPU
The New Jersey Board of Public Utilities (BPU) has once again rejected the Fishermen’s Energy proposal for a demonstration offshore wind project off the coast of Atlantic City. On Friday, the BPU said that the project is financially unviable for the state and ratepayers. The BPU objected the Fisherm
Scottish Government to Speed Up Wave Energy Technology Development
Scotland is to establish a wave energy technology development body to encourage innovation in the industry, Minister for Business, Energy and Tourism Fergus Ewing has announced. Wave Energy Scotland will bring together the best engineering and academic minds to collaborate in a research and developm
Pelamis Wave Power Goes into Administration
The directors of Pelamis Wave Power have announced that they have been unable to secure the additional funding required for further development of the Company’s market leading wave energy technology. As a result of this, the board has moved to appoint an administrator to assess the options for secur
EEW, Bladt Invest in Former TAG Site
The German steel fabricator EEW Special Pipe Constructions GmbH and the Danish steel construction company Bladt Industries A/S have invested in a new joint company based by the River Tees in the UK to manufacture offshore steel structures. The new joint company, Offshore Structures (Britain) Limited