Aker Solutions’ third-quarter attributable profit dropped to NOK 265 from NOK 349. Earnings per share fell to NOK 0.97 from NOK 1.29 a year earlier. However, Aker’s revenue rose 22 percent to NOK 8.3 billion in the third quarter of 2014, boosted by increased work at major subsea projects in Norway a
Nautilus Minerals has entered into an agreement for the charter of a vessel to be first deployed for use at the Solwara 1 Project. Marine Assets Corporation (MAC), a marine solutions company based in Dubai which specialises in the delivery of new build support vessels for the offshore industry, will
In 2014, tsunami waves, originating off the coast of Chili, were detected near Japan, where EvoLogics modems enabled acoustic communication between JAMSTEC’s Vector Tsunameter on the seafloor and the autonomous Wave Glider vehicle on the ocean surface, transmitting real-time data to the shore over s
Offshore wind farms will allow renewable energy to be generated with little or no carbon dioxide emissions, but little is known about how they impact the marine species living and migrating along the coast. A new study led by the University of Maryland Center for Environmental Science will help Stat
Rosneft has finished a complex of seismic data acquisition on the East-Siberian-1 block in the offshore area of the East-Siberian Sea. The Company carried out seismic data survey independently, the amount of 2D works totaled 2000 kilometers. Despite of extremely severe ice conditions this year, all
Grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE), has awarded over £50,000 to GEV Offshore, one of the UK’s specialist engineering and offshore access companies. This funding will enable the company to take its pioneering habitat structure for the offshore renewable sec
Grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE), has awarded over £50,000 to GEV Offshore, one of the UK’s specialist engineering and offshore access companies. This funding will enable the company to take its pioneering habitat structure for the offshore renewable sec
Electromagnetic Geoservices (EMGS) has pulled back to profit in the third quarter due to high revenue from contracts and data sales. The Trondheim based, EMGS totaled $29.8 million in contract sales, for this quarter, while multi-client sales were at $11.9 million. The Company had an EBITDA of $11.0
During a recent expedition to map earthquake faults in Monterey Bay, MBARI researchers discovered the wreck of a barge on the muddy seafloor in Monterey Canyon. The barge Umpqua II was about 1,700 meters (one mile) below the ocean surface. Researchers first spotted the barge in sonar data from MBARI
Ocean Networks Canada (ONC), an initiative of the University of Victoria, has expanded its footprint across Canada with the launch of a new collaboration with the Fundy Ocean Research Centre for Energy (FORCE) on the Atlantic coast. The collaboration, initiated by ONC’s Innovation Centre, will provi
McDermott, a provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments, has cut its net loss year-over-year despite lower revenues in the same quarter last year. McDermott’s third quarter 2014 net loss was $34 million, or $0.14 per
Technip has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for Engineering, Procurement, Construction & Installation (EPCI) or supply-only of flexible pipes for PCSB’s projects in Malaysia. This framework agreement further strengthens Technip’s long-standing relationship
Despite the bad weather conditions the search continues for the Malaysia Airlines flight MH370, after it disappeared with 239 people on board during its March 8 flight from Kuala Lumpur to Beijing. The bathymetric survey work was completed on October 26 with more than 3000 square kilometres of the s
The INPEX-operated Ichthys LNG Project has begun integration of the lower turret with the Project’s floating production, storage and offloading (FPSO) facility. Having travelled from Singapore, the unique 4,200 tonne, 31 metre-tall turret structure was safely inserted into the hull of the FPSO, whic
