Equipment
WATCH: The Largest Jacket on NCS
Standing 140 metres tall and weighing 26 000 tonnes, the first jacket for Johan Sverdrup is the largest on the Norwegian Continental Shelf. The steel jacket will carry the riser platform, which is one of four platforms being built in the field’s first development phase. It was built at Kværner’s shi
ECTMarine Introduces Dredge Calculation Tool
ECTMarine, a Dutch supplier of dredging components, services and design, has developed the first comprehensive online Dredge Calculation Tool, which serves as an extension of their dredge consultancy services. “This tool is the first of its kind to be offered freely and accessible to anyone. The sof
DeepOcean Increases Footprint in West Africa with Searov Acquisition
DeepOcean has acquired French company Searov Offshore SAS and has expanded its presence in West Africa. Searov, established in 2008, owns and operates ten remote operated vehicles (ROVs) from its operating bases in Pointe Noire, Congo and Port Gentil, Gabon. “This acquisition will allow DeepOcean to
Ultra Electronics – Sparton JV Bags $40M in Sonobuoys Contracts
Ultra Electronics and Sparton Corporation have been awarded subcontracts valued at $35.9 million from their ERAPSCO/SonobuoyTech Systems joint venture. ERAPSCO/SonobuoyTech Systems will provide manufacturing subcontracts in the amount of $21.3 million to Ultra Electronics USSI and $14.6 million to S
Baker Hughes Revenue Flat, Loss Shrinks
Baker Hughes has recognized ‘pre-merger’ net loss for the quarter ended June 30, 2017 of $179 million, or 42 cents per share, against $911 million or $2.08 per share in the corresponding period in 2016. Sequentially, net loss widened from $129 million, or $0.30 per diluted share. Adjusted net loss f
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
Flexlife and Rio Analytics in Brazil Subsea Pact
British subsea services specialist Flexlife has signned a cooperation agreement with Brazilian artificial intelligence technology developer Rio Analytics. The deal was signed at the UK Consulate in Rio de Janeiro on Monday 24, 2017. As Brazil represents over 40 percent of the installed flexible rise
Forum Q2 Loss per Share $0.81, Revenue Up 41 Pct
Forum Energy Technologies recorded net loss in the second-quarter 2017 of $78 million, or 81 cents per diluted share, compared to net loss of $28.6 million, or 31 cents per diluted share, for the prior-year period. Sequentially, net loss widened from $16 million, or 16 cents per diluted share. Adjus
WHOI Presents New AUV for Ocean Biogeochemistry Studies
The world’s first underwater vehicle designed specifically to collect both biological and chemical samples from the ocean water column has completed sea trials off the coast of New England on July 9, 2017. The new autonomous underwater vehicle (AUV), named Clio, will help scientists better understan
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
USACE Signs $46 Million Coastal Mapping Contract
The U.S. Army Corps of Engineers, Mobile District, has contracted with WMR-532, the joint venture of Woolpert and Optimal Geo, to provide bathymetric and topographic lidar and imagery in support of the Joint Airborne Lidar Bathymetry Technical Center of Expertise (JALBTCX). The five-year, $46 millio