Equipment
Eni turns profitable in 2Q. Lifts oil and gas output
Italy’s Eni posted a net profit of EUR 18 million in the second quarter of 2017, an improvement from a loss of EUR 446 million reported in the second quarter of 2016. The company’s oil and gas production grew to 1.77 million barrels of oil equivalent a day, a three percent rise versus the correspond
Naval Energies to Build Tidal Turbine Factory
The ceremony for laying the first stone for Naval Energies/OpenHydro tidal turbine plant took place in Cherbourg this month. The construction of this plant is a world first, embodying the start of the industrial phase, and represents a decisive step in the development of tidal energy in France and a
First Subsea Demos Its New Cable Protection System
First Subsea has completed its first customer-witnessed open water demonstration of a new cable protection system (CPS) for offshore wind farms. The CPS protects subsea power cables as they transition from the seabed into the wind turbine structure. The First Subsea CPS is being deployed on Hornsea
EMGS Narrows Losses
Norwegian geophysical services company EMGS posted loss for the second-quarter 2017 of $3.6 million, improving from $11.2 million loss in the same period last year. The Oslo-listed company generated revenues of $10.6 million in the second quarter 2017, down from $15.1 million in the corresponding pe
Oceanteam Wins Long-Term Turntable Contract
Oceanteam Solutions has been awarded a long-term contract to supply a company that performs the installation of marine power cables with a 2000T demountable turntable including engineering and personnel services. The mobilisation and demobilisation of the equipment onto client’s vessel will take pla
Ecosse Subsea Eyes New Carousel Orders
Ecosse Subsea Systems (ESS) has designed, built and delivered a 700Te carousel to an international infrastructure group. The 700Te carousel designed with the capacity to be upgraded to 1700Te will be used for the storage of cables required for UK offshore wind farm projects. The design and project m
TechnipFMC Reports Q2 EPS at $0.35
TechnipFMC has reported second-quarter 2017 net income of $146.9 million and diluted earnings per share of $0.35. Excluding charges and credits, adjusted diluted earnings per share were $0.45. Total company operating profit was $439.6 million, with adjusted EBITDA at $501.3 million. Revenues for the
Oceaneering Posts Fall in Profits
Subsea engineering specialist Oceaneering has reported profit of $2.1 million, or 2 cents per share, on revenue of $515 million for the three months ended June 30, 2017. During the corresponding period in 2016, the company reported net income of $22.3 million, or $0.23 per share, on revenue of $625.
Komatsu Europe Unveils New D375A-8 Crawler Dozer
Komatsu Europe International N.V. has just announced the launch of the new 73 tonnes D375A-8 crawler dozer. According to the company, its powerful and economical Komatsu engine integrates the latest emission control technologies and fuel-saving features. “The new Komatsu D375A-8 is a safe, fast, pow
Bourbon Sets Up FLOATGEN Mooring System
Bourbon has completed the mooring installation of the first floating wind turbine in France for Ecole Centrale de Nantes (ECN) as part of the European project FLOATGEN at the SEM-REV experimental test site, off Le Croisic. FLOATGEN is a wind turbine with concrete float designed by Ideol and currentl
SMST Subsea Cranes for Vroon’s Newbuilds
SMST has delivered its 50t subsea knuckle boom crane with active heave compensation to Vroon for its newbuild vessel VOS Start. This crane for VOS Start and the identical crane for sister vessel VOS Stone are the fifth and sixth offshore cranes SMST delivers to Vroon. The 80m VOS Start arrived at Da
GeoSea to Deploy Seatools Anode Cage Setup Tool at Hohe See OWF
GeoSea has recently awarded subsea technology company Seatools a contract for the design and delivery of an anode cage installation tool. The tool will be used for an automated anode cage installation operations, part of the construction of the Hohe See offshore wind farm. The anode cage installatio
Faroe’s appraisal well boosts Brasse volumes
Faroe Petroleum has boosted its resources estimate for the Brasse discovery in the North Sea off Norway following the latest appraisal well results. The company on Wednesday said the 31/7-2S Brasse sidetrack appraisal well was a success, increasing the estimated recoverable resource volumes to betwe
Mitsubishi and HICL Win Burbo Bank Extension Transmission Deal
Ofgem has appointed Diamond Transmission Partners (DTP) as the preferred bidder to own and operate the offshore transmission link to the Burbo Bank Extension wind farm for the next 20 years. This completes the procurement process of Tender Round 4 of the offshore transmission owner (OFTO) regime. DT