Equipment
Saab Seaeye Upgrades Falcon ROV
Saab Seaeye has enhanced its remotely operated vehicle ‘Falcon’ with its advanced iCON behaviour-based intelligent control architecture. Namely, the Falcon can now host many new features, making it an advanced platform for further automation and behaviour-based software development. A new attribute
EMGS Narrows Losses
Electromagnetic Geoservices (EMGS) posted loss for the fourth-quarter 2016 of $15.1 million, improving from $24.1 million loss in the same period last year. For 2016, the company reported loss of $52.1 million, against loss of $76.7 million in 2015. EMGS generated revenues of $12.0 million in the fo
Innova Chooses Sonardyne Technology for Resident ROVs
Norway-based Innova has selected acoustic and inertial navigation technology from Sonardyne International for two new in-field resident remotely operated vehicles (ROVs). Each ROV will be installed with a co-housed Sonardyne Sprint Inertial Navigation System (INS) and Syrinx Doppler Velocity Log (DV
EM&I Wins Pacific Drilling Contract
Pacific Drilling has contracted the asset integrity and IMR services provider, EM&I, to deliver ODIN underwater inspection in lieu of drydocking (UWILD) services. The new contract is this time starting with an ROV survey on the Pacific Sharav drillship operating for Chevron in the Gulf of Mexico. Gr
Loss Widens for Aker Solutions
Norwegian oil services company Aker Solutions has reported net loss of NOK 268 million, or NOK 1.07 in the fourth quarter 2016, versus net loss of NOK 250 million, or 0.83 NOK a year earlier. The earnings were negatively impacted by special items of NOK 574 million, of which NOK 130 million is relat
KTH Gets Funding for New Underwater Robots
Researchers at Swedish KTH have received a grant of SEK 100 million to develop new underwater robots. The funding was received through the Swedish Maritime Robotics Centre (SMaRC) from the Swedish Foundation for Strategic Research (SSF). The goal of SMaRC is to be involved in developing of the new r
Oceaneering Posts Quarterly Loss; Sees 90% Lower Full-Year Profit
Subsea engineering specialist Oceaneering has reported a net loss of $11.0 million, or $(0.11) per share, on revenue of $488 million for the three months ended December 31, 2016. During the corresponding period in 2015, Oceaneering reported net income of $25.7 million, or $0.28 per share, on revenue
OceanWorks Upgrades Indoor Water Tank
OceanWorks International has completed an overhaul of its main indoor water tank. The 16’ x 25’ steel tank has a capacity of over 118,925 liters of water and it’s an integral part of the testing regimen for OceanWorks customized subsea engineering systems. The upgrades completed include the refinish
R. Scott Rowe Joins Flowserve as President and CEO
Flowserve has appointed R. Scott Rowe as its new president and chief executive officer, effective April 1, 2017. Rowe will also join the Flowserve board of directors. He succeeds Mark Blinn, who previously announced his intention to retire and will step down from the Flowserve board, effective March
Aker Solutions Lands Another BP Deal
Aker Solutions has been awarded two framework agreements to provide concept and front-end engineering and design (FEED) services for BP globally. The first contract is for feasibility and concept engineering and the second is for FEED services covering the full range of upstream developments. Each a
Shell Files Brent Decom Plan
Shell has submitted a decommissioning plan for the Brent oil and gas field to the Department for Business, Energy and Industrial Strategy (BEIS). Following submission, an extended 60-day public consultation has been initiated on recommendations to decommission the North Sea field. The field, located
Kongsberg Maritime Revenues Fall on Weak Offshore Market
Kongsberg Maritime has generated Q4 revenues of NOK 2.06 billion ($247 million), down from NOK 2.7 billion ($323.5 million) when compared to Q4 in 2015, but up from Q3 in 2016. The quarterly EBITDA is NOK 69 million, including NOK 44 millionin restructuring costs. 2016 revenues are NOK 8.6 billion,
PETRUS PLANCIUS New Silt Suction Head Proves Success
Jan De Nul recently put its suction dredger, PETRUS PLANCIUS, back into operation after a successful conversion into an environmental dredger. IHC Services designed the technical solution that could operate the dredger with either a cutter or silt suction head. The IHC Beaver 1600, built in 2008, ne
Halliburton Develops Large Bore Subsea Safety System
Halliburton has released the ‘Dash Large Bore Subsea Safety System’, which provides full electrohydraulic control of well safety and intervention functions. The system is said it brings new benefits to deepwater operators for completion and intervention work that improve critical well control of the