Equipment
TGS Hikes Profits
Geophysical contractor TGS has posted second-quarter 2018 net profit of $46 million, compared to profit of $10 million in the same period in 2017. This comes down to quarterly earnings per share (fully diluted) of 45 cents, against 9 cents profit per share same time last year. The Oslo-listed firm g
Fact.MR Foresees Increase in Funding for Dredging Projects
With seaborne trade gaining importance in terms of economic development of a nation, government organizations are largely investing in harbor deepening activities worldwide, Fact.MR said in their latest study on Harbor Deepening Market. A deeper harbor can accommodate heavy and large container ships
Kraken Wins Deep-Sea Battery Contract with Ocean Infinity
Kraken Robotics said it has agreed a deal for Ocean Infinity to purchase $9 million of Kraken’s deep-sea batteries. According to the company, delivery dates are expected between Q4 2018 and Q4 2019. Kraken will arrange for these batteries to be built by Kraken Power, an entity in which Kraken curren
Add Energy Strengthens Team with VP Appointment
Add Energy, the international energy consultancy and software provider, has appointed Damon Bowler as vice president of its Asset and Integrity Management division. Dr Bowler will focus on driving the firm towards achieving its growth plans by overseeing the direction of the division, with a specifi
CEMEX New Dredger Equipped by the Marine Software
Marine Software Ltd. recently supplied CEMEX UK Marine Limited with the MPM – Marine Planned Maintenance for Windows software for their new build dredger “CEMEX Go Innovation”. CEMEX and Damen signed the contract for this highly advanced and efficient Marine Aggregate Dredger (MAD) 3500 in January 2
KW Designed Pressure Testing Bays for Eaton MEDC
KW Designed Solutions has recently been awarded a project by Eaton’s MEDC for the supply of two pressure testing bays. KW Designed Solutions has been asked to produce two high volume, highly autonomous and visually impactful pressure testing rigs that will allow Eaton’s MEDC products to meet their c
Seanamic Names New CEO
Seanamic Group has appointed David Hutchinson as its new CEO. Hutchinson joins Seanamic from Aker Solutions, where he led their Asia-Pacific region for five years and was latterly responsible for subsea business development in Europe and Africa. In his new role, David will work across all four Group
TenneT Sees Borssele Jacket Ready and Set for Setup
The 55 meters high jacket for TenneT’s first offshore platform in the Borssele wind farm zone has been completed. The load-out of the jacket at the HSM Offshore shipyard in Schiedam is the first milestone for TenneT in the realization of the Borssele Offshore Wind Farm Zone project. During the load-
Kvaerner Delivers Third Jacket for Johan Sverdrup Field
Kvaerner has delivered the third jacket for Johan Sverdrup Phase 1 development in the North Sea. Through the frame agreement entered into in 2014, and in international competition, Kvaerner was awarded the three largest substructures out of four for the first phase of the project. The first delivery
IChemE Award for Xodus
Energy consultancy Xodus Group has been presented with the Silver Corporate Partner Award by the Institution of Chemical Engineers (IChemE). The company received the recognition for its commitment to supporting engineers’ professional development and advocating the profession to school pupils throug
Prysmian Chairman Resigns
Prysmian’s chairman Massimo Tononi has tendered his resignation from the positions of company’s chairman of the board of directors, board member and member of the remuneration, nomination and sustainability committee. The resignation is effective as from the end of the meeting of the board of direct
Naval Energies Shelves Tidal Energy Plans with OpenHydro in Liquidation
Naval Energies has decided to stop investing in the field of tidal turbines and to concentrate its efforts on floating wind turbines and ocean thermal energy conversion. Following Naval Energies’ decision, its Dublin-based subsidiary OpenHydro has been put under provisional liquidation. On 24 July,
Rotech Cable Grab Tool Executes Its First Campaign
Rotech Subsea has launched the RSG1 – a new cable grab system which has already been deployed on a major North Sea renewables project. The debut of the tool – designed and manufactured by Rotech’s in-house R&D division – heralds the launch of a new service from the subsea operator which is now able
Waterking VIDEO: WK 90 Busy in Doetinchem
Waterking BV, a Dutch company involved in the production of amphibious excavators, said in their latest announcement that their WK 90 was prepared and transported last week to execute work in Doetinchem at the longest cable waterski track of The Netherlands. “The maintenance that was carried out to