Equipment
HYPACK Expands Team, Sets Up Germany Office
HYPACK, a software developer for the hydrographic and dredging industry, has appointed Dr. Peter Ramsay as business development leader and opened a new European office in Germany. Ramsay was previously a director at Marine GeoSolutions Pty Ltd in Australia. He will be seeking further growth at HYPAC
Atlantis Subsea Farming Asks for More Development Permits
Atlantis Subsea Farming has decided to appeal the decision by the Norwegian Directorate of Fisheries regarding the awarded development licenses for its submersible fish-farming project. In January 2016, the Norwegian company applied for 6 development licenses of which 2 were approved by the Director
TGS Back in Black
Geophysical contractor TGS has posted first-quarter 2017 net profit of $1.6 million, compared to net loss of $20 million in the same period in 2016. This comes down to quarterly earnings per share (fully diluted) of $0.02, against $0.20 loss per share same time last year. The Oslo-listed firm genera
Nautilus Gets LARS for Its Seafloor Mining Vessel
The launch and recovery system (LARS) equipment for the Nautilus Minerals’ production support vessel has arrived at the Mawei shipyard in China, Toronto-based underwater mineral exploration company informed on Tuesday. The LARS, built by AxTech on behalf of Soil Machine Dynamics (SMD), consists of A
Wood Group Men Work with NSRI to Diversify Subsea Sector
Two engineers from Wood Group have supported the National Subsea Research Initiative (NSRI), the technology arm of industry body Subsea UK, in its drive to speed up the development and implementation of near to market technologies in the subsea sector. Jamie McCallum and Christer Fjellroth, who are
Aker Solutions Sees Earnings Fall
Norwegian oil services company Aker Solutions has reported net income of NOK 62 million ($7.3 million), or NOK 0.23 in the first-quarter 2017, versus net income of NOK 169 million ($19.5 million), or 0.53 NOK in the prior-year comparable period. The company has seen its revenue decline to NOK 5.17 b
Paradigm Flow Services Scores New Contracts in US Campaign
Oil and gas services provider Paradigm Flow Services has secured a series of new contracts in the Gulf of Mexico. The Aberdeenshire-based company said its Flexi-Coil system is currently operating on a hat-trick of projects for a variety of new international operators. Two of the jobs are located in
IKM mobilizes first equipment to Snorre B and Visund
ROV operator IKM Subsea has begun mobilization of first equipment for Statoil’s Visund and Snorre B fields in the North Sea. IKM was awarded a contract by Statoil for ROV services on the Visund and Snorre B fields in August 2016. IKM Subsea said on Monday that the contract entails the provision of t
Kongsberg Expands Underwater Glider Portfolio with Two New Systems
Kongsberg Underwater Technology, Inc. has agreed with CoMotion, the University of Washington’s collaborative innovation hub, to obtain the sole rights to produce, market, and continue development of two new underwater glider systems. Both new glider systems are based in part on the original, Seaglid
Tekmar Protects Cables of First OWF in Taiwan
UK-based Tekmar Energy (Tekmar) has supplied its TEKLINK cable protection system (CPS) to protect the underwater power cables as they enter the wind turbine foundations on the Formosa 1 Phase 1 offshore wind farm project, the first offshore wind farm in Taiwan. Formosa 1 Phase 1 is the first phase o
Bureau Veritas launches new asset integrity management solution
Bureau Veritas (BV), a provider of testing, inspection, and certification services, has launched its Veristar AIM 3D asset integrity management system, based on Dassault Systemes’ 3DEXPERIENCE platform. BV said on Monday that the new solution combines a digital twin of any marine or offshore asset w
Ophir close to securing $1.2B Fortuna FLNG loan
Ophir Energy, the operator of the Fortuna gas field offshore Equatorial Guinea is close to securing the financing needed for the FLNG development. The company, which aims to make the final investment decision on the project in mid-2017, has reportedly received backing from unnamed Chinese banks. Acc
Bibby HydroMap Completes Burbo Bank Extension Export Cable Scans
Bibby HydroMap has completed site operations on the newly installed export cable of Burbo Bank Extension. Contracted by DONG Energy, the work involved two of the company’s vessels; Bibby Athena and Lia, mobilised with survey equipment to acquire multibeam bathymetry, side scan sonar data, sub bottom
Edison Chouest in 5-year deal with Shell Brazil
Offshore vessel owner Edison Chouest has won a five-year contract with Shell Brazil for light subsea construction, and inspection, maintenance and repair (IMR) services from the M/V Island Enforcer subsea construction vessel. Edison said the agreement included a varied list of projects featuring vess