SIMEC Atlantis Energy has successfully decommissioned the SeaGen tidal turbine support structure in Strangford Narrows, Northern Ireland. This marks the completion of the 1.2MW SeaGen tidal stream energy project lifecycle and is the first commercial scale tidal turbine development to be fully decomm
Norwegian geophysical services company EMGS has reduced its quarterly loss as revenues almost doubled for the period ended June 30, 2019. The Oslo-listed company reported net loss for Q2 2019 of $2 million or 2 cents per share, versus loss of $6.2 million in Q2 2018. Revenues for the quarter rose at
Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,
Wello’s Penguin wave energy converter – WEC2 has arrived in Orkney, Scotland where it awaits deployment. The WEC2 arrived from Tallinn shipyard to Orkney, where it will be installed by the coast. The Penguin WEC2 is Wello’s first full-scale commercially ready wave energy converter. Wello has previou
TechnipFMC has reported second-quarter 2019 profit of $97 million or 21 cents per diluted share. The services major has seen a 8 percent decrease compared to net profit of $106 million same time last year. The results were affected by after-tax charges and credits totaling $78.6 million of expense,
Dutch offshore contractor Van Oord has completed the final part of inter-array cables installation campaign at Northland’s German offshore wind project, Deutsche Bucht. According to Northland Power, the second phase of the cable installation, cable burial and testing of over 40 kilometers of cable h
Seismic player Polarcus has bounced back in black when compared to second-quarter 2018 as revenues increased some 45 percent. The Oslo-listed company reported profit for the quarter ended June 30, 2019 of $600K, versus loss of $8.1 million in Q2 2018. For the first six months in 2019, Polarcus’ loss
Subsea 7’s Seaway 7 has secured a sizeable contract for the Hornsea Two offshore wind farm project by Optimus Wind, a subsidiary of the Ørsted Group, for the installation of the entire inner array grid cable system. According to Subsea 7, a sizeable contract is defined as being between USD 50 millio
Prysmian Group has received a letter of award from National Grid Viking Link Limited and Energinet, for the development of Viking Link, the first submarine cable connection between the UK and Denmark. Worth close to €700 million, the contract includes the turn-key design, manufacture and installatio
Louis Dreyfus TravOcean has signed its first contract related to the development of offshore wind farms in France. This contract for supply, installation and protection of inter-array power cables for the Saint-Nazaire offshore wind project was signed earlier this month with project leaders EDF Reno
Swire Blue Ocean has completed the first operations under a recently signed offshore maintenance and service agreement with Siemens Gamesa. As previously reported, Siemens Gamesa and SBO signed a long-term charter agreement for the jack-up vessel Pacific Orca. The charter has been running since June
DEME Group’s jack-up vessel Innovation is undergoing a major maintenance and repair program at the Damen Verolme yard in Rotterdam, the Netherlands. According to DEME, the program is almost completed and saw the installation of two new leg sections on the offshore installation vessel. After the exte
