Seismic player Polarcus has booked quarterly loss when compared to first-quarter 2018, despite major revenue boost of some 145 percent in Q1 2019. The Oslo-listed company reported net loss for the quarter ended March 31, 2019 of $5.3 million, versus profit of $2.8 million in Q1 2018. The Q1 2018 res
Subsea Innovation, part of Tekmar, has designed, manufactured, tested and delivered two diver-installed 10-inch pipeline repair clamps to an undisclosed client. The clamps were designed in accordance with Subsea Innovation’s recently-acquired DNV GL Type Approval for temporary and permanent structur
Ørsted has awarded Boskalis the offshore export cable installation contract for the Hornsea 2 offshore wind farm. The contract has a value over EUR 100 million and consists of three export cable circuits with a total length of approximately 380 kilometers. The project scope includes the preparation
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DEME Offshore has installed the last two of 174 foundations for the Hornsea One – the biggest offshore wind farm in the world. Four jack-up vessels were involved in the execution of the project, for which EEW produced the monopile foundations. DEME’s unit Tideway previously completed the export cabl
Dutch subsea and survey specialist Fugro has seen its revenue increased some 9 per cent from €350 billion in Q1 2018 to €395 million in Q1 2019. Fugro’s marine division, with revenue at €244 billion in Q1 2019, generated some 10 per cent more than in Q1 2018. Marine division backlog for the next 12
The Balmoral Subsea Test Centre in Aberdeen has carried out hydrostatic tests on equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth. The linear actuators that were tested form part of a marine mammal monitoring station anchored to t
The Balmoral Subsea Test Centre in Aberdeen has carried out hydrostatic tests on equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth. The linear actuators that were tested form part of a marine mammal monitoring station anchored to t
A solar system has been anchored on the Langthwaite Reservoir in Lancashire, UK, by Northern Pontoon using a 3,000kg working load limit (WLL) lightweight gantry crane from Reid Lifting. The floating array features approximately 3,700 pontoon modules and 3,520 solar panels. The 7,200 square-meter sys
Europe continues to lead the world in ocean energy deployments, and last year its tidal projects produced record volumes of electricity, according to yearly statistics published by Ocean Energy Europe. In 2018, European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW.
Petroleum Geo-Services (PGS), reported loss for the first quarter ended March 31, 2019 of $65 million versus loss of $40 million in the prior-year quarter. Basic loss per share was 19 cents, down from 12 cents per share loss same time last year. Norway-based PGS generated $129 million in quarterly r
RRS James Cook set sail to embark on a world-first experiment to develop methods for detecting and monitoring leaks of carbon dioxide (CO2) from sub-seabed reservoirs. This forms part of the internationally collaborative STEMM-CCS project, led by the NOC. The team will drill into the bed of the Nort
HullWiper has signed a hull cleaning frame agreement with Equinor for its fleet of oil and gas tankers operating in Scandinavia, Far East, Middle East and Europe. Simon Doran, HullWiper’s Managing Director says the partnership with Equinor reflects his company’s commitment to proving the global ship
Bibby HydroMap recently conducted a demonstration of DriX at the Offshore Renewable Energy (ORE) Catapult facility in Blyth. The key purpose of the demonstration was to showcase DriX being used in the offshore renewables sector to capture essential information at all stages of renewable projects. Du
