Equipment
Scotrenewables Targets New Financial Boost
Scotrenewables Tidal Power, the developer of 2MW floating SR2000, is embarking on a new funding round to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to le
PSA Inspects Statoil’s Johan Sverdrup Export Pipeline
Petroleum Safety Authority (PSA) Norway has carried out an audit of Statoil’s work on qualifying pipeline field joint coatings for the Johan Sverdrup export pipeline. PSA carried out the audit to verify that the follow-up and qualification of field joints for the export pipeline for Johan Sverdrup w
Innovo Reel Drive Executes Mediterranean Sea Campaign
Innovo has recently completed work for a contractor in the Mediterranean Sea that has seen the INNODRIVE reel drive system achieve 15 months umbilical laying and spooling activity with 0% downtime. Innovo said it was selected by the contractor thanks to its system’s unrivaled reliability and followi
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (October 30 – November 05). McDermott International has received a letter of award from Reliance Industries for the KG-D6 subsea field development in the Krishna Godavari Basin, located off the east co
Hurricane Harvey deepens Noble’s 3Q loss
Offshore driller Noble Corporation on Thursday reported a net loss for the third quarter of of $97 million, on revenues $266 million. According to Noble, the result includes a pre-tax charge to operating expenses totaling $14 million relating to damage sustained by two of the company’s cold-stacked
APT Global Presents New Line of Dredge Ball Joints
The APT Global group has launched a new and improved line of dredge ball joints. The in-house developed design has been named the Maximus ball joint and will become part of the APT Global product portfolio. The Maximus dredge ball joint is the result of extensive Finite Element Analysis (FEA) and pr
Repsol quarterly result boosted by higher oil prices
Spanish oil company Repsol reported a rise in net income for the third quarter of the year, boosted by higher oil prices and higher refining margins.
ASV Delivers C-Cat 3 Autonomous Vessel to University of Southampton
Autonomous vessel supplier, ASV Global, has delivered a 3-meter autonomous catamaran to the University of Southampton. This vessel is the first of the brand-new class of C-Cat vessels to roll off the production line. The vessel will be used by the university for scientific research and development o
Teledyne Marine Boosts Its Global Sales Team
Subsea technology specialist Teledyne Marine has recently introduced new personnel to its global sales team. Our diverse and talented OneTeam of individuals now includes four new faces that you will now begin to see at our various Events and Exhibitions. Vitad Pradith has been appointed as techn
New Dredge Pump Cover from Damen
Dredge pumps can be fitted out with a second outer pump casing. Up to now, this meant a large, heavy piece of steel. Pioneering research by Damen R&D engineers has resulted in a patented pump cover, which can be zipped onto the current dredge pump effortlessly. The new DynaCover is made of finely wo
Xodus and Subcon Form Decommissioning Alliance
Xodus has entered into collaboration with stabilisation and artificial reef specialist Subcon to deliver Integrated Rigs to Reefs (IR2R) decommissioning solutions. The IR2R solution is meant to resolve challenges owners face by augmenting and integrating the retiring assets into purpose built reefs.
Minesto Hires Two Companies to Support Tidal Project Marine Ops
Minesto has awarded a framework agreement to Holyhead Towing and Leask Marine to provide general support services for marine operations for its tidal energy project. The companies will support the supply of vessels and marine equipment for Minesto’s DG500 tidal energy project in Holyhead Deep, Wales
SACE Working Hand in Hand with Dragflow
SACE, an Italian export credit agency, said in their latest release that they have ensured Dragflow’s exports to the United Arab Emirates, worth € 5.5 million. “Dragflow, with the support of SACE, is consolidating its presence in Dubai. In 2016, in fact, the company ensured its exports, offering com
Trelleborg to Provide Rubber Membrane to WETFEET Wave Energy Project
Trelleborg has supplied a flexible rubber membrane to WETFEET, a €3.46 million, three-year research and development project designed to foster the exploitation of ocean wave energy. Funded by the European Union’s Horizon 2020 program, the WETFEET project, aims to address a number of the constraints